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Todd Shriber
5708 stories by Todd Shriber
DraftKings Sell-Off Could Spell Opportunity, Says Analyst
Last Friday, shares of DraftKings (NASDAQ: DKNG) slumped 9.78% after the company unveiled a plan to add a new levy on winning sports wagers in four states with high tax rates. That slide sent the...
Wynn Resorts Stock Has Dubious August History
August is just two days old, but Wynn Resorts (NASDAQ: WYNN) has notched consecutive lower closes to start the month, indicating the stock could be poised to live up to a rough August track record....
VICI Declines Option to Buy Caesars Indiana Casinos
VICI Properties (NYSE: VICI) won’t exercise its rights to acquire the property assets of two Indiana gaming venues currently owned and operated by Caesars Entertainment (NASDAQ: CZR). On the company’s second-quarter earnings conference call late...
DraftKings Unveils $1B Buyback, Bettor Surcharge in High-Tax States
DraftKings (NASDAQ: DKNG) told investors Thursday that it could repurchase up to $1 billion of its shares and that it will implement a surcharge on bettors in several states with high sports wagering taxes. The...
Caesars Selling World Series of Poker for $500 Million
Caesars Entertainment (NASDAQ: CZR) announced today that it’s selling the intellectual property rights associated with the World Series of Poker (WSOP) to investment firm NSUS Group Inc. for $500 million. The deal price consists of...
MGM Says China Unit Would Run Thailand Bid
Should MGM Resorts International (NYSE: MGM) pursue a bid for a Thailand casino license, it’d run through its MGM China unit, according to CEO Bill Hornbukcle. The chief executive office made that clear on the...
VICI Properties Lifts 2024 AFFO Guidance
VICI Properties (NYSE: VICI), the largest owner of casino real estate, raised its 2024 adjusted funds from operations (AFFO) guidance in conjunction with the release of its second-quarter earnings. The owner of the Venetian on...
Poker Legend Hellmuth Sells Rush Street Interactive Stock on Affiliate News
Poker legend Phil Hellmuth said Tuesday that he liquidated his equity stake in Rush Street Interactive (NYSE: RSI) after the gaming company announced it will halt its affiliate program in the states in which it...
Hawk Tuah Girl Hailey Welch Files Trademark for ‘Bet On That Thang’
Hailey Welch, now colloquially known as the “Hawk Tuah girl,” filed a variety of trademark applications earlier this month, including one for “Bet On That Thang.” The filings were made by 16 Minutes LLC, a...
DraftKings Closing NFT Marketplace, Halting Reignmakers Amid Legal Challenges
DraftKings (NASDAQ: DKNG) announced Tuesday that it is closing its nonfungible token (NFT) marketplace and halting the Reignmakers fantasy sports game that was based on those NFTs. The news arrived as the gaming company faced...
