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Todd Shriber
5721 stories by Todd Shriber
Churchill Downs Top Gaming Growth Story, Says Analyst
Churchill Downs (NASDAQ: CHDN) is mired in a slump that’s seen the shares drop 16.08% over the past 90 days. But that tumble belies the company’s compelling growth prospects. That’s the take of Stifel analyst...
Bally’s Could Pay $100 Million+ for Trump Bronx Golf Course
The Trump Organization, the business conglomerate controlled by former President Donald Trump’s family, could reap a windfall in the sale of its lease on a Bronx, NY golf course to Bally’s (NYSE: BALY). It was...
26 Capital Faces $1.9 Million Suit from Former Law Firm
The law firm that previously represented 26 Capital (NASDAQ: ADER) is suing the special purpose acquisition company (SPAC) to recoup nearly $2 million in legal fees. Earlier this week, Schulte Roth & Zabel asked Delaware's...
DraftKings, FanDuel Customer Loyalty Dents Omnichannel Thesis
Following the 2018 Supreme Court ruling on the Professional and Amateur Sports Protection Act (PASPA) -- and the subsequent boom in U.S. iGaming and sports wagering -- it was believed that land-based casino operators would...
Tribal Gaming Regulator Chides Caesars, MGM on Ransomware Attacks
In what appears to be a clear instance of kicking them while they’re down, the National Indian Gaming Commission (NIGC) recently took some shots at Caesars Entertainment and MGM Resorts International. The jibes were regarding...
WNBA Superteams Driving Betting Increase
The formation of two WNBA “superteams,” the Las Vegas Aces and the New York Liberty, is among the reasons more bettors are flocking to the women’s basketball league. BetMGM, which is one of the largest...
Entain Woes Could Spur MGM to Consider Another Takeover Bid
The erosion in market capitalization experienced by Entain Plc (OTC: GMVHY) after the gaming company issued a tepid 2023 net gaming revenue (NGR) forecast Monday could invite another takeover offer from MGM Resorts International (NYSE:...
Everi Scores Win in Sightline Payments Patents Case
Everi Holdings' (NYSE: EVRI) Everi Payments unit announced Tuesday that it scored a significant legal victory in a long-running patents case against Sightline Payments Patents. Las Vegas-based Everi said it won five inter-part review proceedings...
Entain Shares Plunge on Tepid iGaming Revenue Forecast
Entain Plc (OTC: GMVHY) is among Monday’s worst-performing gaming equities after the Ladbrokes owner issued a disappointing 2023 net gaming revenue (NGR) forecast, citing softness in online gaming. The company, which owns half of BetMGM,...
26 Capital to Liquidate Following Failed Okada Manila Merger
Jason Ader’s 26 Capital (NASDAQ: ADER) will liquidate after the special purpose acquisition company (SPAC) lost a recent court case related to efforts to merge with Okada Manila. The blank check company announced plans to...
