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Todd Shriber
5768 stories by Todd Shriber
VICI Properties Credit Grade Could Be Affected by Nongaming Acquisitions
VICI Properties (NYSE: VICI) is the largest domestic owner of casino real estate. But the company’s nongaming acquisitions could affect its corporate credit rating. The Caesars Palace owner is currently rated “BBB-“ by Fitch Ratings...
iGaming Upstarts Can Make Headway, Says Research Firm
Internet casinos are widely viewed as the next growth frontier for the gaming industry, and one with stronger long-term prospects than online sports betting. That indicates there could be room for newer entrants to gain...
IGT Downgraded as Strategic Review Turns Sluggish
Shares of International Game Technology (NYSE: IGT) slumped Thursday after the stock was downgraded by Jefferies. The research firm lowered its rating on the gaming device manufacturer to “hold” from “buy,” while trimming its price...
Entain Officially Adds Critic Ricky Sandler to Board
Shares of Coral owner Entain Plc (OTC: GMVHF) closed higher in UK trading Wednesday after the gaming company officially appointed Eminence Capital founder and critic Ricky Sandler to its board of directors in a nonexecutive...
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...
