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Todd Shriber
5664 stories by Todd Shriber
Adelson, Dumont Families Acquire Marquee Dallas Real Estate
By way of their majority acquisition of the Dallas Mavericks, the Adelson and Dumont families took the deed to some pivotal real estate in the Dallas area. As part of the transaction that saw the...
Stake.com to Sponsor Sauber F1 Team
Cryptocurency casino operator Stake.com announced it procured the naming rights for Swiss Formula One team Sauber. For the previous five seasons, the team flew the Alfa Romeo flag. Stake.com will be the team’s primary sponsor...
DraftKings Stock Encounters Key Support Areas
DraftKings (NASDAQ: DKNG) was one of the brightest stories among gaming equities in 2023. But a 7.89% decline this month has the stock flirting with some important support levels. After unveiling unveiling strong 2024 forecasts...
Caesars, MGM Preferred Picks as Las Vegas GGR Soars, Says Analyst
With the good times rolling on the Las Vegas Strip, Caesars Entertainment (NASDAQ: CZR) and MGM Resorts International (NYSE: MGM) could be winning equity ideas for investors in 2024. That’s the take of Macquarie analyst...
Sportsbook Operators Boosted Ad Spending During Football Season
Not surprisingly, U.S. sportsbook operators increased advertising expenditures during the ongoing 2023 football season. From Sept. 1 through Dec. 26, sports betting advertising spending on television jumped 10% to $237.8 million, according to estimates from...
NBA Approves Dallas Mavericks Sale, Team to Remain in Texas, Says Cuban
On Wednesday, the NBA Board of Governors confirmed the sale of a controlling interest in the Dallas Mavericks to the families of Dr. Miriam Adelson and Sivan and Patrick Dumont. Adelson is the widow of...
HG Vora Demands Penn Entertainment Board Seats as Shares Disappoint
HG Vora, a hedge fund with a track record of investing in casino equities, has built an 18.5% stake in Penn Entertainment (NASDAQ: PENN) and is requesting that the gaming company grant it board seats....
New York Casinos Could Rival Las Vegas Strip, Says Light & Wonder Exec
The gaming revenue generated by just three New York City-area casinos could rival or surpass levels seen on the Las Vegas Strip. That’s the take of Howard Glaser, global head of government affairs at Light...
Full House Opens Chamonix, Newest Colorado Casino Hotel
Full House Resorts (NASDAQ: FLL) opened its highly anticipated Chamonix Casino Hotel in Cripple Creek, Colo. on Wednesday. Along with American Place in Waukegan, Ill., Chamonix, named for the French Alps community near the Italy...
Golden Entertainment Could Use Route Sale Cash to Boost Pahrump Casinos
In March of this year, Golden Entertainment (NASDAQ: GDEN) announced the sale of its distributed gaming operations in Montana and Nevada to privately held J&J Ventures Gaming. That transaction, which was recently approved by Nevada...
