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Todd Shriber
5851 stories by Todd Shriber
Truist: Churchill Downs Regional Assets Eye Buyers, Boyd and Monarch Tipped as Suitors
Churchill Downs (NASDAQ: CHDN) is exploring the sale of nine regional casinos, and equity analysts at Truist Securities say several prospective suitors could emerge as the process advances. Boyd Gaming, Monarch Casino and tribal gaming...
Founders’ Lawsuit Could Force FanDuel Private Equity Investors to Reveal Internal Records
FanDuel co-founder Nigel Eccles and more than 100 co-plaintiffs scored a key procedural victory last week in their long-running lawsuit over the sports betting company’s 2018 buyout. A New York special master ordered that select...
The Sydney Sweeney Effect: Novig Deposits, Downloads Surge Following Actress’s Racy Commercial
In the advertising industry, it’s often said that “sex sells” and that old saying is proving accurate as it relates to Novig’s commercials starring Sydney Sweeney. Actress Sydney Sweeney. Her controversial Novig commercials are paying...
Fanatics CEO Michael Rubin Projects Sports Betting Ad Spend to Reach $7B by 2027
A multi-billion-dollar ad war is brewing in U.S. sports betting, with industry-wide marketing spend projected to reach $7 billion in 2027 as operators fight off rising prediction market rivals, according to Fanatics CEO Michael Rubin....
Melco Resorts Cut to Hold at Texas Capital on Macau Revenue Uncertainty
Shares of Melco Resorts & Entertainment (NASDAQ: MLCO) slipped Friday after the stock was downgraded to “hold” from “buy” by Texas Capital analyst David Bain. Melco Resorts' City of Dream Sri Lanka. The stock slumped...
Underdog Suing Tennessee Over State’s Effort to Enforce Gaming Regulations
Prediction market operator Underdog is suing Tennessee after state regulators issued a cease-and-desist order targeting its sports event contract platform. An Underdog logo. The company is suing Tennessee to protect its prediction market interests there....
Prediction Market Infrastructure Firm Furnace Raises $3.5M Seed Round
Furnace, an infrastructure provider for institutional prediction markets, has emerged from stealth following a $3.5 million seed funding round. Furnace, a tech provider to professional prediction market traders, raised $3.5 million. (Image: Shutterstock) The company’s...
Springfield Blocks MGM’s Attempt to Sell Massachusetts Casino Resort
MGM Resorts International’s legal battle with Springfield, Massachusetts, escalated this week as the city asked a Hampden County Superior Court judge to force the parties' confidential arbitration proceedings into open court. MGM Springfield. The city...
DraftKings DKeX Self-Certifies Protected NBA Player Props Ahead of Season Opener
DraftKings (NASDAQ: DKNG) stock is down 23.5% over the past month, but several Wall Street analysts view the pull-back as an attractive entry point ahead of the company’s third-quarter earnings report Nov. 5. Ahead of...
SportsGrid Up for Sale Amid Declining Revenue
SportsGrid is up for sale. The 24-hour sports wagering network is reportedly working with investment bankers to find a buyer as it navigates a multi-year drop in revenue. The SportsGrid Network studio. The company is...
