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Todd Shriber
5724 stories by Todd Shriber
Bally’s Stock Surges on $190 Million Dutch Auction Plan
On a day of strength for gaming equities, Bally’s (NYSE:BALY) is standing out. That's after the regional casino operator announced a Dutch auction to repurchase up to $190 million worth of its shares outstanding. In...
Bally’s Creditors Hire Lawyers to Possibly Block Rhode Island Casinos Real Estate Deal
Bally’s (NYSE:BALY) creditors, led by Fidelity, have hired legal counsel in a bid to potentially block the gaming company’s plans to engage in a $1 billion sale-leaseback of its two Rhode Island casinos. It’s believed...
Fanatics Rumored to Be Discussing Tipico Takeover
Fanatics is reportedly in discussions to purchase German sportsbook operator Tipico -- the latest indication the sports apparel and trading cards giant is moving into sports wagering. Citing a pair of unidentified sources familiar with...
Macau Coronavirus Outbreak Could Have Negative Credit Implications
A resurgence of coronavirus cases in Macau could weigh on the already fragile credit profiles of casino operators, says Moody’s Investors Service. On Tuesday, nine new COVID-19 cases were reported in the world’s largest casino...
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...
