3969 stories by Todd Shriber
David Portnoy Plugs Penn Stock, Flirts with Florida Move in Interview
Barstool Sports founder David Portnoy is bullish on Penn Entertainment (NASDAQ:PENN) stock. And he’s open to legal, tax-advantaged strategies to reduce his obligations to the federal government. In an interview earlier today with “Varney & Co.” on Fox Business, Portnoy was enthusiastic...
Caesars Palace Dana White’s Favorite Las Vegas Casino
Ultimate Fighting Championship (UFC) boss Dana White is a proficient gambler, and that might be an understatement. He’s not banned, per se, from many Las Vegas casinos. But some of those venues don’t want his betting business. As such, it’s easy for...
Kansas Sportsbooks Open in Sept., Mobile Betting Will Make NFL Season Start
Sports betting will be live in Kansas on Sept. 1, with mobile wagering launching a week later, confirming bettors in the state will be able to participate all of the 2022 NFL regular season. Kansas bettors will be able to place wagers...
Madison Square Garden Mulling Spin-Off of MSG Sphere, TAO Group Unit
Madison Square Garden Entertainment Corp. (NYSE:MSGE) said today its board of directors granted the company permission to evaluate a spin-off of its live entertainment business. The news has Las Vegas implications. The company owns the eponymous arena in New York City, The...
Penn Entertainment Now Owns 100 Percent of Barstool Sports
Penn Entertainment (NASDAQ:PENN) has exercised its rights to acquire all of Barstool Sports. That means David Portnoy’s media outfit will become a wholly owned subsidiary of the gaming company. The company, previously known as Penn National Gaming, said in January 2020 that...
MGM Eyeing $100K Packages for Las Vegas F1 Race
Formula One is the glitziest of motorsports, and that reputation will be in full effect when the circuit makes its debut in Las Vegas in Nov. 2023. The Sports Business Journal reported MGM Resorts International CEO Bill Hornbuckle said the company plans...
DraftKings Earns ‘Buy’ Rating From Once Bearish Analyst
DraftKings (NASDAQ:DKNG) stock is in rally mode of late, and Wall Street is taking note. Some analysts are turning bullish on the name ahead of the start of football season. In a note to clients today, Roth Capital analyst Edward Engel upgraded...
AGS/Inspired Deal May Not Happen or Could Reach $13 a Share: Analyst
It’s possible that Inspired Entertainment’s (NASDAQ:INSE) pursuit of AGS (NYSE:AGS) doesn’t end in a consummated deal. But it’s also plausible the suitor boosts its offer for the slot machine maker. That’s the sentiment of Stifel analyst Jeffrey Stantial who, in a note...
Lottery.com Slides Further Into Abyss as 10-Q Filing Delayed
Lottery.com (NASDAQ:LTRY) sank another 3% today, extending its one-month decline to almost 44%. That's after the gaming company told regulators it can’t afford to file its 10-Q for the second quarter. News of the delayed 10-Q arrives less than three weeks after...
David Tepper Adds Caesars, Drops Sands, Wynn from Appaloosa Portfolio
David Tepper’s Appaloosa Management reconfigured its exposure to casino stocks in the second quarter, adding a new position in Caesars Entertainment (NASDAQ:CZR) while eliminating stakes in Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN). Sands and Wynn, which control a combined seven...
