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Todd Shriber
5663 stories by Todd Shriber
MGM Notches Record Q4 Results, Buyback Binge Continues
After the close of U..S markets Tuesday, MGM Resorts International (NYSE: MGM) delivered record fourth-quarter results. They did so while telling investors it continues repurchasing significant amounts of its shares. Helped in part by the...
Mets Owner Steve Cohen Promises $1B if Queens Casino is Approved
New York Mets owner Steve Cohen is promising to deliver $1 billion in community benefits if New York regulators approve his plan to bring a casino hotel to Queens. Cohen is partnering with Hard Rock...
Reno Casinos See Super Bowl Boost, Circa Sportsbook Breaks Records
In the Nevada gaming landscape, every other casino market is an afterthought when measured against Las Vegas. But with the help of San Francisco 49ers fans from California’s Bay Area, Reno/Lake Tahoe benefited from the...
Some Online Betting Stocks Worth Wagering On, Says Analyst
With the underdog Kansas City Chiefs winning Super Bowl LVIII, the most bet on domestic sporting event was a negative one for regulated sportsbooks, but one bad day doesn’t dent the long-term outlook for online...
Portnoy Reveals Barstool Sports, DraftKings Partnership
Just minutes after the Kansas City Chiefs vanquished the San Francisco 49ers in Super Bowl LVIII on Sunday night, Barstool Sports founder David Portnoy announced a widely speculated upon partnership between his company and DraftKings...
Wynn Nearing Start of UAE Hotel Construction
Wynn Resorts (NASDAQ: WYNN) is said to be close to commencing construction on the hotel tower for Wynn Al Marjan Island in the United Arab Emirates (UAE). The project’s estimated cost, which is expected to...
Super Bowl Could Draw $1.5B+ Handle, Books Want 49ers to Win, Says Macquarie
The Super Bowl is Sunday and by some estimates, regulated sportsbook operators could command a handle on the big game of $1.5 billion or more. That’s the estimate of Macquarie analyst Chad Beynon who arrives...
Elon Musk’s X, BetMGM Confirm Sports Wagering Partnership
Following a late-January rumor to this effect, Elon Musk’s X — the social media platform formerly known as Twitter — and BetMGM today confirmed they are working together. Financial terms of the deal weren’t revealed,...
FanDuel CFO Reticent About Operator’s Nevada Efforts
In remarks made at his licensing hearing before the Nevada Gaming Control Board (NGCB) on Wednesday, FanDuel CFO David Jennings didn’t reveal much about his employer’s potential plans in the state. Jennings, who has been...
BetMGM Says 2023 Revenue Jumped 36%, Was EBITDA Positive in Second Half
BetMGM said it posted 2023 revenue of $1.96 billion, a 36% year-over-year increase. That put the online sportsbook operator’s top line at the higher end of a previously disclosed forecast of $1.8 billion to $2...
