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Todd Shriber
5811 stories by Todd Shriber
New Jersey, New York Still Hotbeds of Black Market Sports Betting
Some form of sports betting, be it online, retail, or both, is live and legal in 38 states and Washington, DC, but broader legalization since the 2018 Supreme Court ruling on the Professional and Amateur...
Penn Analysts Not Convinced Casino Company Will Sell Itself
Shares of Penn Entertainment (NASDAQ: PENN) surged last Friday after investor the Donerail Group sent a letter to the gaming company’s board urging it to consider a sale, but analysts don’t believe such a transaction...
Stake.com Founders Boosting PointsBet Stake
The founders of cryptocurrency casino Stake.com are increasing their position in PointsBet (OTC: PBTHF). Ed Craven and Bijan Tehrani, the Australian billionaire entrepreneurs behind Stake.com, told the Australia Securties Exchange (ASX) last Friday that they...
Flutter Entertainment Finalizes Primary Listing Move to NYSE
Flutter Entertainment (NYSE: FLUT) announced Friday that it completed the move of its primary listing venue to the New York Stock Exchange (NYSE) from the London Stock Exchange (LSE). The owner of the Betfair, Paddy...
Penn Entertainment Failing in Sports Betting, Should Consider Sale, Says Investor
In a letter to Penn Entertainment’s (NASDAQ: PENN) board of directors, the Donerail Group, which has long been an investor in the regional casino operator, said the gaming company is failing in online sports betting,...
Carl Icahn Takes New Caesars Stake, Not Looking at Activism
Shares of Caesars Entertainment (NASDAQ: CZR) surged Friday after it was revealed that Carl Icahn has built a large position in the gaming stock. In late trading, shares of the Harrah’s operator are up 11%...
Las Vegas Sands Could Increase Casino Space in Singapore
Las Vegas Sands (NYSE: LVS) could boost the square footage devoted to the casino at its Marina Bay Sands integrated resort in Singapore as part of previously announced expansion plans for the venue. Later this...
Bally’s Bronx Casino Bid Faces Parkland Quagmire
In what could prove to be a sequel to a scenario that played out in Queens, an effort to position a Bronx golf course for a New York City casino license could be stymied by...
Sands Billionaire Miriam Adelson to Bankroll Trump Super PAC
Dr. Miriam Adelson, the largest owner of Las Vegas Sands (NYSE: LVS) stock, will reportedly contribute financing for Preserve America, a super political action committee (PAC) aiming to help former President Donald Trump reclaim the...
IGT Upgraded on Constructive Lottery Outlook
Shares of International Game Technology (NYSE: IGT) rallied Thursday after the stock landed an upgrade based on its lottery exposure and reduced risks in Italy. In a note to clients, Stifel analyst Jeffrey Stantial moved...
