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Todd Shriber
5667 stories by Todd Shriber
BetMGM Expands Gift Card Distribution to Grocery, Hardware Stores
BetMGM and its gift card partner TAPPP are unveiling a massive expansion of that progam's gift card distribution network. On Tuesday, the companies said the number of retail stores carrying BetMGM gift cards will “roughly...
Baron Real Estate Fund Adds Sands, Bullish On Other Casino Stocks
The Baron Real Estate Income Fund, one of the best-performing actively managed real estate funds, added shares of Las Vegas Sands (NYSE:LVS) in the first quarter. It remains constructive on several other casino stocks in...
Penn National Analyst Says Share Price Indicates ‘De Minimis Value’ for Digital Gaming
The 61.35% loss incurred by Penn National Gaming (NASDAQ:PENN) stock over the past year places it at a price where the shares reflect “de minimis value” for online gaming operations, according to a sell-side analyst....
Melvin Capital Reveals Stake in MGM Resorts
Gabe Plotkin’s Melvin Capital Management -- one of the hedge funds burned by the early 2021 rally in shares of GameStop (NYSE:GME) -- is trying a different type of gaming equity. The firm’s 13F filing...
Land & Buildings Dumps Caesars, VICI Stakes
Jonathan Litt’s Land & Buildings Investment Management, LLC (L&B) eliminated its gaming equity exposure in the first quarter, dumping stakes in Caesars Entertainment (NASDAQ:CZR) and VICI Properties (NYSE:VICI). The investment firm’s first-quarter 13F filing with...
Jane Lynch Takes Lead In Harrah’s Southern California ‘Funner’ Ad Campaign
“Funner, California” -- the town that serves as the backdrop in Harrah’s Resort Southern California advertising campaigns -- has a new mayor. The tribal gaming venue announced Monday that actor Jane Lynch is the new...
NFL Owner David Tepper’s Hedge Fund Scoops Up Shares of Sands, Wynn Resorts
David Tepper's Appaloosa Management made two additions to its equity portfolio in the first quarter, and both hail from the gaming industry. The hedge fund founded by the owner of the NFL’s Carolina Panthers initiated...
Chris Brown Returning to Drai’s Las Vegas for New Residency
Chris Brown is returning to Las Vegas for a residency at Drai’s on the Strip -- a venue at which he performed during the LIVE concert series in 2015. The Grammy-winning artist’s return to the...
PlayAGS Stock Valuation Disconnected from Strong Fundamentals, Says Analyst
Gaming supplier PlayAGS (NYSE:AGS) is joining related equities to the downside this year. But at least one analyst says retrenchment in the stock belies sturdy fundamentals. Following a meeting with management, Stifel analyst Jeffrey Stantial...
DraftKings Stock Has Double Potential, Says Jefferies Analyst
After shedding more than half its value just this year, DraftKings (NASDAQ:DKNG) is clearly among this year’s worst-performing gaming equities. But that dramatic decline is also encouraging some bullish commentary on the shares. The stock...
