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Todd Shriber
5664 stories by Todd Shriber
Fantasy Life Raises $2M from NFL Stars Josh Allen, Joe Burrow, Ja’Marr Chase
Fantasy Life, the fantasy sports and betting media property founded by Matthew Berry, reportedly closed a $2 million financing round led by multiple professional athletes and celebrities. Axios broke news of the “friends and family...
Big Ten Mulling Move of Football Title Game to Las Vegas
The rapidly expanding Big 10 Conference is considering moving its football championship game, and Las Vegas is reportedly one of the cities under consideration. The game, which has been staged in Indianapolis since its inception...
Wynn Macau Could Post 2023 EBITDAR of $917M, According to Research Firm
Wynn Resorts’ (NASDAQ: WYNN) Wynn Macau arm could notch 2023 earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) of $917 million, well ahead of previous forecasts. That’s the take of CreditSights,...
ESPN Deal Credit Positive for Penn Entertainment, Says Moody’s
Last week, Penn Entertainment (NASDAQ: PENN) announced it will pay $1.5 billion over 10 years to use ESPN’s "ESPN Bet" brand on its online and retail sportsbooks. That's while granting rights to the unit of...
Caesars, DraftKings Could See Big Savings Following ESPN/Penn Deal
Penn Entertainment’s (NASDAQ: PENN) 10-year, $1.5 billion sports betting partnership with ESPN could provide two rivals with near-term cost savings. The Penn/ESPN pact, which was announced last week, means the sports network will terminate similar...
San Francisco Should Embrace Downtown Casino Says Former Real Estate Executive
Wracked with problems, including rampant homelessness, departing retailers, and public narcotics abuse, downtown San Francisco could be revived with a casino. That’s the take of Stanford Horn, formerly a high-ranking commercial real estate executive with...
Penn Registers 1.25M Shares Portnoy Can Sell, He Says He Won’t
In a regulatory filing with the Securities and Exchange Commission (SEC), Penn Entertainment (NASDAQ: PENN) registered just over 1.25 million shares that Barstool Sports founder David Portnoy can sell in the future. The filing arrived...
WynnBet Latest Sports Wagering Quasi-Casualty, Will Depart Eight States
It’s not a death in the traditional sense, but Wynn Resorts (NASDAQ: WYNN) is dramatically reducing the scope of its WynnBet sports wagering unit, announcing the business will halt operations as soon as possible in...
Hard Rock Lake Tahoe Could Become Golden Nugget in September
On Wednesday, the Nevada Gaming Control Board (NGCB) approved the previously announced sale of the Hard Rock Hotel & Casino Lake Tahoe by Paragon Gaming to Tilman Fertitta’s Fertitta Entertainment Inc. Clearing that regulatory hurdle...
Penn Reportedly ESPN’s Third Choice, Analysts Not Enthusiastic on Partnership
On Tuesday, Penn Entertainment (NASDAQ: PENN) shook the sports wagering space, unveiling a 10-year, $1.5 billion partnership with Walt Disney’s (NYSE: DIS) ESPN to use ESPN Bet branding on its online and brick-and-mortar sportsbooks. Penn...
