4978 stories by Todd Shriber
Pornhub Acquired by Private Equity Shop with Mostly Female Advisory Board
Canadian private equity shop Ethical Capital Partners has made its first deal, announcing the acquisition of Pornhub owner MindGeek. Financial terms of the transaction weren’t disclosed. Luxembourg-based MindGeek is privately held, and Pornhub has an estimated value of $1.5 billion. The company...
Barstool Boss David Portnoy Blasts Biden Silicon Valley Bank Bailout
Count Barstool Sports founder David Portnoy among those irked by President Biden rapidly moving to bail out now-crippled SVB Financial (NASDAQ: SIVB) -- the parent of Silicon Valley Bank (SVB). In an interview with Fox Business on Thursday, Portnoy said Silicon Valley...
Wynn Sees UAE Construction Starting in Weeks, Bullish on Macau
Wynn Resorts (NASDAQ: WYNN) expects that construction on its casino resort on Al-Marjan Island in the United Arab Emirates (UAE) will commence in a matter of weeks, forecasting a 2027 debut. Wynn CFO Julie Cameron Doe made related remarks at the J.P....
MGM Sees 2024 Convention Rebound, Bullish on BetMGM
MGM Resorts International (NYSE: MGM) executives expect a modest decline in Las Vegas Strip convention and meeting business this year, with a more earnest rebound materializing in 2024 and 2025. MGM COO Corey Sanders, and Sarah Rogers, MGM's senior vice president of...
Cantankerous David Portnoy Not Problematic for Penn Entertainment, Says Analyst
Barstool Sports founder David Portnoy is no stranger to controversy. Some might say he even embraces and enjoys it. Fortunately for investors, at least one analyst believes that’s not problematic for Penn Entertainment (NASDAQ: PENN). Last month, the regional casino operator completed...
Caesars 401(k) Participants Can Proceed with Suit Against Russell Investments
A class action suit brought by Caesars Entertainment (NASDAQ: CZR) 401(k) participants against Russell Investments can proceed. That's after a Nevada federal judge ruled the bulk of the complaint has enough merit to move forward. Earlier this week, US District Judge Cristina...
Light & Wonder Considering Australia Stock Listing
Slot machine manufacturer Light & Wonder (NASDAQ: LNW) told investors Wednesday it’s considering a secondary listing of its equity on the Australian Securities Exchange (ASX). That would be in addition to its current primary listing on the Nasdaq. Australia is one of...
Tabcorp Could Eye Bid for PointsBet Aussie Operations
PointsBet (OTC: PBTHF) has long been viewed as a potential takeover target -- sentiment pertaining to both its Australia and US operations. Speculation is now intensifying regarding the former. Citing unidentified sources, the Australian Financial Review reports that Tabcorp held initial talks...
MGM China on Pace to Reach Pre-COVID Mass GGR Before Macau Rivals
MGM China is on pace to see its mass-market gross gaming revenue (GGR) reach pre-coronavirus levels, perhaps as soon as the current quarter. That would make it the first Macau operator to accomplish the feat. In a note to clients on Wednesday,...
Ex-Governor Rick Perry Still Optimistic on Texas Sports Betting Future
Former Gov. Rick Perry (R-TX) remains bullish on the prospects for regulated sports wagering in Texas, noting that if the issue is put to voters, it will pass in resounding fashion. In recent comments on the "World Series of Politics" podcast, the...
