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Todd Shriber
5664 stories by Todd Shriber
Gaming and Leisure, VICI Downgraded on Valuation Concerns
Gaming and Leisure Properties (NASDAQ: GLPI) and VICI Properties (NYSE: VICI), the two publicly traded casino landlords, were downgraded on concerns that their valuations are stretched and that near-term acquisition opportunity is limited. In a...
Insider Trading Duo Profited from Penn Takeover of Score Media
The Securities and Exchange Commission (SEC) recently levied insider trading charges against two men for trading on nonpublic information. A transaction involving Penn Entertainment (NASDAQ: PENN) was one of the deals from which the duo...
Fanatics Founder Rubin Splurges on $50 Million Hamptons Mansion
Fanatics founder Michael Rubin is adding to his portfolio of luxury real estate, having recently acquired a Hamptons mansion for $50 million. Located on East Long Island, the Hamptons has long been the premier summer...
ESPN Reportedly Adds Betting Analyst Kezirian to Layoff List
Sports betting analyst Doug Kezirian may be among the on-air personalities sent packing by ESPN in a new round of budget cuts. Various media outlets reported late Monday that Kezirian and boxing analyst Andre Ward...
DraftKings Stock Charts, Options Activity Could Signal More Upside
In Monday’s abbreviated trading session, DraftKings (NASDAQ: DKNG) stock closed lower by 1.58%. But it’s still higher by 35% over the past 90 days, and 129.59% year-to-date. Impressive numbers to be sure, and those figures...
Macau Concessionaires Reaping Cash Flow Rewards as GGR Recovers
Amid a strong recovery in gross gaming revenue (GGR) in the first half of the year, Macau casino operators are posting solid levels of free cash flow. While June’s GGR figures in the special administrative...
Okada Manila Attempts to Scrap SPAC Deal as 26 Capital Balks
Universal Entertainment and other entities with ties to Okada Manila are attempting to scrap a merger with Capital Acquisition Corp. (NASDAQ: ADER). But Jason Ader’s blank check company is planning on moving forward with the...
Regional Casino Stocks Not Investor Faves, Says Analyst
Shares of casino operators with Las Vegas Strip and Macau exposure are performing well this year, but showings for regional casino stocks are far more tepid. In a new report to clients, Deutsche Bank analyst...
Venetian Macau, Marina Bay Sands Most Profitable Casinos
Venetian Macau and Marina Bay Sands (MBS) in Singapore are the world’s two most profitable casinos -- a status supporting Las Vegas Sands’ (NYSE: LVS) ranking as the largest casino operator by market capitalization. The...
Fanatics Seals Deal for PointsBet US
PointsBet (OTC: PBTHF) announced investors overwhelmingly voted in favor of $225 million all-cash takeover offer for its US operations from Fanatics. At the Australian company extraordinary group meeting (EGM) earlier today, 99.16% of PointsBet shareholders...
