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Todd Shriber
5820 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...
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...
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...
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...
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)....
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....
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...
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...
Urban One Activates Put Notice on MGM National Harbor Stake for $145.5 Million
Media company Urban One (NASDAQ: UONE) is parting ways with its stake in MGM National Harbor after having more than tripled its investment in the Oxon Hill, Md. gaming venue. In a Form 8-K filing...
BetMGM Promising $10M for Ever-Elusive Perfect NCAA Tourney Bracket
It's the holy grail of sports wagering, and yes, office pool entry fees are considered bets. What is it? The perfect NCAA Tournament bracket, of course. Should anyone accomplish the highly improbable, though not impossible,...
