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Todd Shriber
5661 stories by Todd Shriber
Betway Parent Super Group Latest US Sportsbook Operator to Wave Good-Bye
Another one bites the dust. Super Group (NYSE: SGHC), the parent company of Betway, announced Wednesday that it's departing the US sports wagering market, becoming the latest casualty in an increasingly top-heavy space. The company...
Apax Partners Sells Last of Genius Sports Stake
Apax Partners, LLP sold the last of its 10% interest in Genius Sports (NYSE: GENI), ending a more than six-year relationship between the private equity firm and the sports betting data provider. The full monetization...
DraftKings, Penn Among Discounted Gaming Stocks, Says Morningstar
It has not been a good year for the broader universe of US-based gaming companies. With the exception of DraftKings, which is higher though lagging the broader market, stocks tied to casino and sportsbook operators...
Sands, Wynn Price Targets Lowered on Recent Macau Softness
Following a surprisingly soft June gross gaming revenue (GGR) report in Macau, an analyst modestly pared price targets on Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN), though he remains constructive on both...
DraftKings Paying $100,000 New Jersey Fine Due to Erroneous Data Reporting
DraftKings agreed to pay a $100,000 penalty levied by the New Jersey Division of Gaming Enforcement (DGE) stemming from reporting errors that led to the wrong data being filed to the state. Reporting snafus by...
Bally’s, Maverick Gaming Partnering on Rhode Island Poker Room
Bally’s and Maverick Gaming announced today that they are partnering on the poker room at the regional casino operator’s Twin River, R.I. gaming venue. Under the terms of the agreement, the poker room will be...
Flutter Entertainment Tipped as Bullish Gaming Idea
Shares of Flutter Entertainment (NYSE: FLUT) traded modestly higher Monday after the stock was dubbed a top long idea in new coverage by research firm Hedgeye. In a report to clients, analyst Sean Jenkins highlighted...
Caesars Boosts Sports Betting Tech with ZeroFlucs Acquisition
In a move aimed at bolstering its sportsbook technology, Caesars Entertainment (NASDAQ: CZR) said today it is acquiring ZeroFlucs Group Pty Ltd. The Australian company is a software provider whose products allow sportsbook operators to...
DraftKings Named Top Gaming Idea for Second Half by Stifel
Shares of DraftKings (NASDAQ: DKNG) closed lower by almost 1% today, but some sell-side analysts remain bullish on the stock despite a loss of 18.29% over the past 90 days. In a note to clients...
Penn Pops on Rumor of Flutter Joining Boyd in Takeover Bid
On a mixed day for gaming stocks, Penn Entertainment (NASDAQ: PENN) rallied 4.70% on a report that Flutter Entertainment (NYSE: FLUT) is considering joining Boyd Gaming (NYSE: BYD) in a takeover bid for the regional...
