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Todd Shriber
5765 stories by Todd Shriber
DraftKings Stock Surges as Analysts Rush to Lift Price Targets
Following a surprise sell-off Friday on the back of a strong first-quarter earnings report, DraftKings (NASDAQ: DKNG) recouped those losses Monday as a slew of analysts boosted price targets on the high-flying stock. On above-average...
Churchill Downs Says Kentucky Derby Betting Toppled Records
Shares of Churchill Downs (NASDAQ: CHDN) notched some upside Monday after the gaming company said wagering on Saturday’s Kentucky Derby hit an all-time high. That was true of the Kentucky Derby Day program and the...
1 Main Capital Bullish on Caesars Entertainment Stock
Shares of Caesars Entertainment (NASDAQ: CZR) are down 24.64% year-to-date while the S&P 500 is higher by 7.57%, but some members of the buy-side community are enthusiastic about the casino operator’s prospects. In a recent...
New York Casino Bidders Lack Backup Plans
For many of the companies attempting to procure one of the three downstate gaming permits New York will eventually award, it’s “casino or bust.” Said another way, there are not backup plans and the vast...
Sportsbook Operators Pared TV Advertising for First Time in 2023
Soon after the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, sportsbook television commercials became commonplace. So much so that sports fans and regulators in some jurisdictions took notice,...
DraftKings Posts Surprise Q1 EPS Profit, Again Lifts 2024 Guidance
DraftKings (NASDAQ: DKNG) delivered first-quarter results Thursday, telling investors it posted an unexpected first-quarter earnings per share (EPS) profit while again lifting 2024 revenue guidance. On the basis of non-generally accepted accounting principles (non-GAAP), the...
Flutter Investors Approve Primary Listing Move to NYSE
Flutter Entertainment (NYSE: FLUT) shareholders on Wednesday approved the gaming company’s plan to move its primary listing to the New York Stock Exchange (NYSE) from the London Stock Exchange (LSE). Shares of the FanDuel parent...
Bally’s Not Rushing Tropicana Redevelopment, Sees Chicago Casino Opening Q3 2026
On its first-quarter earnings conference call Wednesday evening, Bally’s (NYSE: BALY) told analysts it’s not rushing the issue of redeveloping the site of the Tropicana Las Vegas, and that it expects its permanent Chicago casino...
VICI to Provide up to $700M for Venetian Las Vegas Enhancements
VICI Properties (NYSE: VICI) said late Wednesday it will provide up to $700 million in financing for enhancements at the Venetian Resort Las Vegas. That capital will be provided through VICI’s Partner Property Growth Fund...
MGM Q1 Results Hit Record Helped by Las Vegas, Marriott Partnership
MGM Resorts International (NYSE: MGM) delivered record first-quarter results on Wednesday, helped in part by the operator’s Las Vegas Strip casino hotels and a recently launched points partnership with Marriott International (NASDAQ: MAR). The Aria...
