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Todd Shriber
5670 stories by Todd Shriber
Jackpot Lands $35M in Funding, Investors Include NBA Stars Joel Embiid, James Harden
Jackpot, a provider of internet lottery games, said today it closed a $35 million series A funding round that includes some big-name athletes, team owners, and gaming executives. Jackpot plans to launch operations in the...
Fanatics Founder Michael Rubin Divests Stakes in Philadelphia 76ers, New Jersey Devils
Fanatics founder Michael Rubin announced today he’s selling his interests in the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils. Rubin is divesting his 10% stake in Harris Blitzer Sports & Entertainment, the company...
Caesars Earns Overweight Rating in New JPMorgan Coverage
Shares of Caesars Entertainment (NASDAQ:CZR) are enjoying a modest bounce today. That's after JPMorgan analyst Joseph Greff restarts coverage of the casino operator with a bullish call. In a note to clients, Greff reinstates the...
MGM CFO Jonathan Halkyard Forecasts Additional M&A, Share Buybacks
MGM Resorts International (NYSE:MGM) could participate in more mergers and acquisitions activity and continue buying back its slumping stock, its chief financial officer said at an industry conference. Speaking by phone at the Jefferies Global...
Caesars, Penn National to Be Avoided or Shorted, Says Wells Fargo
Second-quarter earnings season could be challenging for companies across a variety of industries. With casino equities slumping, Wells Fargo is telling clients to avoid or short Caesars Entertainment (NASDAQ:CZR) and Penn National Gaming (NASDAQ:PENN). On...
AGS Gaming Tech Company Bullish on Supreme Court Texas Bingo Ruling
The Supreme Court ruled on Wednesday that Texas cannot block the Ysleta del Sur Pueblo from offering bingo games on its reservation near El Paso. Gaming company AGS (NYSE:AGS) is bullish on the high court’s...
Sands China, Wynn Macau Most Affected by Macau Dividend Rule, Says Bank
Under Macau’s new gaming law, concessionaires need to notify Chief Executive Ho Iat-seng of plans to pay dividends. Credit Suisse analysts say Sands China and Wynn Macau are the operators most affected by that requirement....
LVS Needs to Provide Capital to Sands China, Says Credit Suisse
Las Vegas Sands (NYSE:LVS) needs to provide its Sands China unit with $413 million in cash to come into compliance with Macau’s new gaming laws, according to Credit Suisse. Analysts at the bank say Sands...
Texas Tribe Hits Bingo in Supreme Court Case
The Ysleta del Sur Pueblo, a Texas Native American tribe, scored a Supreme Court victory today in its quest to offer bingo games in the second-largest state. In a 5-4 ruling, the Court said federal...
Wynn Loan to Macau Unit Negative Sign, Others Could Follow, Says Morgan Stanley
Wynn Resorts (NASDAQ:WYNN) extending a $500 million credit revolver to its Wynn Macau unit is a negative sign. But other concessionaires in the world’s largest casino center could follow, according to Morgan Stanley analysts. The...
