4979 stories by Todd Shriber
Caesars, Sands Among Speculative Stocks with Rebound Potential
The S&P 500 is still saddled with year-to-date loss of 13.26%. But the benchmark domestic equity gauge gained 8.32% in July, with contributions from some consumer discretionary names, including casino stocks. Caesars Entertainment (NASDAQ:CZR) and Las Vegas Sands (NYSE:LVS) were among the...
Playtech Scraps Caliente Interactive SPAC Merger Plan
Playtech is abandoning plans to bring Caliente Interactive’s Caliplay unit public in the US. The concept would have been executed via a merger with a special purpose acquisition company (SPAC). Its demise potentially deals another blow to the once-hot territory of gaming...
Silverton Casino Swapping Free Drinks for Elves on Shelves
It’s not yet August. But for those looking to get into the holiday spirit a bit earlier than usual while clearing out some unused decorations, the Silverton Casino-Hotel has an answer. The off-Strip Las Vegas venue is looking for “retired elves” from...
Lottery.com on Brink of Collapse After Raising Going Concern Doubt
On a strong day for the broader market, Lottery.com (NASDAQ:LTRY) shed nearly two-thirds of its value. That's after the gaming company revealed in a regulatory filing it doesn’t have enough capital to survive a year. Shares of the internet lottery provider slumped...
Jackpocket Lottery App Downloads Soar as Mega Millions Jackpot Swells
Newton’s third law states that for every action, there is an equal and opposite reaction. That’s being confirmed by the soaring Mega Million’s jackpot and its impact on Jackpocket, the purveyor of an internet lottery mobile application. Friday night’s Mega Millions draw...
Circa Sports Boosts UFC Betting Limits
Circa Sports is lifting its limits on UFC wagering, including a move to accepting up to $50,000 bets on main events on the day those fights are scheduled. Circa Sports Sportsbook Director Matt Metcalf made the announcement in a Wednesday tweet. Prior...
Horseshoe Casino Brand Making Colorado Debut Friday
Caesars Entertainment’s popular Horseshoe brand makes its debut in Colorado on Friday, marking the transition from Isle Casino Hotel Black Hawk. Caesars’ venue in the Colorado gaming town will be known as Horseshoe Black Hawk. The Nevada-based gaming company announced plans to...
Boyd Shares Cheap, Says Analyst, Eastside Cannery Remaining Shuttered
Shares of Boyd Gaming (NYSE:BYD) jumped 2.51% today. That's after the regional casino operator reported sturdy second-quarter results late Tuesday amid ongoing strength in the Las Vegas locals demographic. Speaking of Boyd’s exposure to its home city, the operator plans to keep...
IGT Amends Credit Facility, Extends Maturity Date
International Game Technology (NYSE:IGT) has announced some added financial flexibility, saying it amended a revolving credit facility, providing access to more capital and a longer maturity date. The lottery operator and slot machine manufacturer also amended its term loan facilities, gaining another...
Underdog Sports Raises $35M at $485M Valuation, Eyes Sports Betting
Underdog Sports, the rapidly growing paid fantasy sports outfit, raised $35 million in a Series B round of financing, valuing the company at $485 million. The Brooklyn-based company, which operates in the daily fantasy sports (DFS) realm, said it plans to use...
