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Todd Shriber
5820 stories by Todd Shriber
Super Group Announces $25M Share Repurchase Plan
Betway parent Super Group (NYSE:SGHC) announced today it will repurchase up to $25 million worth of its common stock over the course of 2023. The company revealed the share repurchase program after the close of...
Formula 1 Betting Las Vegas Grand Prix Can Generate $500M in Sales
Formula One Group (NASDAQ:FWONA) -- the operator of the F1 racing series -- is wagering its November 2023 race in Las Vegas will generate at least $500 million in revenue. Should the series’ first race...
Casino Operators Can Endure Economic Downtown, But Some at Risk
Casino operators and gaming suppliers are positioned to weather a recession -- should one arrive -- but some could be vulnerable to economic contraction. That’s the take of Fitch Ratings, which noted in a recent...
DraftKings Wins Class Action Suit Stemming from SBTech Buy
DraftKings (NASDAQ: DKNG) scored a legal victory Tuesday when a federal court ruled investors didn’t adequately prove claims of impropriety related to the gaming company’s acquisition of technology provider SBTech. Judge Paul Engelmayer of the...
MGM Sued by Ex-Aria Employee Over Vaxx Mandate, Claims Religious Exemption
Matthew Backes, a former food and beverage staffer at Aria Resort & Casino on the Las Vegas Strip, is suing his former employer. He alleges his civil rights were violated because he was terminated by...
‘Coalition For Better Times Square’ Announces Support of Caesars Casino
Amid a spate of looming show closures, the "Coalition For a Better Times Square" is throwing its support behind a controversial casino project in the New York theater district. In a statement released today, the...
MSGE Could Use Tao Sale Cash to Fund Sphere Completion, Says Analyst
Madison Square Garden Entertainment (NYSE: MSGE) is reportedly mulling the sale of Tao Group, proceeds of which could be used to offset ballooning costs tied to the MSG Sphere on the Las Vegas Strip. Earlier...
MGM Upgraded, Penn Downgraded, Wynn Top Idea in Stifel 2023 Gaming Coverage
The early innings of 2023 are bringing about a fresh round of commentary from sell-side analysts, with Stifel’s Steven Wieczynski chiming in on a variety of familiar names. In a new note to clients, Wieczynski...
Queens Civic Congress Against Citi Field Casino Plan
A major civic group in the borough of Queens said it doesn’t want a gaming venue coming to the Willets Point area near Citi Field. That comes just days after New York opened the request...
Publicly Traded Sports Betting Firm Could Go Private in 2023, Says Research Firm
Less than three years removed from a flurry of initial public offerings (IPOs) by companies with ties to the sports betting industry, it’s possible that at least one of those firms goes private this year....
