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Todd Shriber
5666 stories by Todd Shriber
BetMGM Forecasts Profitability in Second Half of 2023
BetMGM, which is jointly controlled by MGM Resorts International (NYSE: MGM) and Entain Plc (OTC: GMVHY), is in a position to turn profitable on the basis of earnings before interest, taxes, depreciation, and amortization (EBITDA)...
Caesars Ups Term Loan to $2.5B, Wiping Out Some 2024, 2025 Debt
Caesars Entertainment (NASDAQ: CZR) announced late Wednesday that it is upping the size of a previously revealed senior secured term loan facility to $2.5 billion from $1.75 billion -- a move that will help the...
Georgia Voters Back Sports Betting, but Support Fades
Close to half of the voters in Georgia support the legalization of sports wagering in the state. But that’s well below levels seen in 2020. A recent poll by the Atlanta Journal-Constitution indicates 48% of...
MGM COO Corey Sanders Sells $2.4M Worth of Casino Stock
MGM Resorts International (NYSE: MGM) COO Corey Sanders unloaded 60,000 shares of the casino giant’s stock on Monday in a transaction valued at $2.4 million. The gaming executive sold the shares at an average price...
Caesars Stock Offering More Reward, Less Risk, Says Analyst
Following a bullish preview of its fourth-quarter financials and plans to reshuffle debt obligations, Caesars Entertainment (NASDAQ: CZR) is gaining favor among Wall Street analysts. That group includes Stifel’s Steven Wieczynski, who, in a new...
Las Vegas Grand Prix Could Double 2024 Super Bowl Economic Impact
Formula 1’s return to Las Vegas will be a major job creator and add more than $1 billion to the local economy, likely doubling the impact of the 2024 Super Bowl. The Las Vegas Grand...
DraftKings Poised for 2023 Beats, But Caution Warranted
DraftKings (NASDAQ:DKNG) stock is tracking other gaming equities in the early stages of 2023. But some on the sell side, while acknowledging a catalyst-rich story, are neutral on the online sportsbook operator. In a note...
Vornado Could Eye Madison Square Garden Area for New York Casino
Vornado Realty Trust (NYSE:VNO) could be the latest big name to enter the New York City casino competition and may be evaluating a site near Madison Square Garden and Penn Station for a gaming venue....
Fanatics Reportedly in Discussions to Buy BetParx
Fanatics is reportedly in talks to acquire BetParx in an effort to speed its ascent in the US sports wagering space. A letter of intent between the two sides may have been signed. Citing unidentified...
MGM Could Revisit Entain Takeover Following UK Whitepaper Release
The highly anticipated release of the UK government’s Gambling Act whitepaper could set the stage for MGM Resorts International (NYSE: MGM) to revisit a takeover of Entain Plc (OTC: GMVHY). Shares of the Ladbrokes owner...
