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Todd Shriber
5666 stories by Todd Shriber
Melco, Sands Lead Macau Rally on Reports of Shanghai Lockdown Loosening
The Chinese Communist Party (CCP) may be seeing the error of its ways when it comes to its zero COVID-19 policy, and that’s to the liking of Macau gaming equities. Amid a strong day for...
Caesars Low-Quality Stock with Bear Market Rally Potential
Shares of Caesars Entertainment (NASDAQ:CZR) are off 46.72% year-to-date, and the company is one of the most debt-riddled in the gaming industry. So it fits the bill as a low-quality stock in the eyes of...
BetMGM Forecasts 2022 Revenue of $1.3B, Sees US Market Share up to 25%
BetMGM held its Investor Day today, telling analysts it generated about $850 million in revenue last year while forecasting significant top line growth to $1.3 billion in 2022. The 50/50 joint venture between MGM Resorts...
Playtika Mum on Potential Sale, Analysts Pare Price Targets
Shares of Playtika (NASDAQ:PLTK) are surging today despite the company reporting downbeat first-quarter results and not providing an update on a potential sale. In midday trading, the mobile gaming company is higher by 6.15%, stemming...
Floyd Mayweather Prints Mint on Canelo Upset
Floyd “Money” Mayweather knows a little something about boxing. He’s also a devoted sports bettor. That combination proved beneficial last Saturday. The Las Vegas resident, who finished his career with an immaculate 50-0 record, wagered...
Venetian Operator Apollo Reportedly Involved in Financing Musk Twitter Takeover
Private equity firm Apollo Global Management (NYSE:APO), which operates the Venetian integrated resort on the Las Vegas Strip, is rumored to be in talks to contribute financing for Elon Musk’s $44 billion takeover of Twitter...
Everi Soars on $150M Buyback Plan
On a mixed day for gaming equities, Everi Holdings (NYSE:EVRI)is one of the standouts. That's after the slot machine manufacturer and provider of cashless gaming systems reported decent first-quarter results while unveiling a share repurchase...
IAC Hits Home Run on MGM Investment
Gaming stocks of all stripes are tumbling this year amid persistent inflation and rising interest rates, among other macroeconomic headwinds. While MGM Resorts International (NYSE:MGM) isn’t immune from that slump, Barry Diller’s IAC/InterActiveCorp (NASDAQ:IAC) is...
Circa Sports Entering Illinois Via Full House Resorts Partnership
The Illinois sports wagering market will soon welcome one of the industry’s fastest-growing players with the arrival of Circa Sports. Las Vegas-based Circa Sports is entering Illinois through an agreement with regional casino operator Full...
Century Casinos May Pursue More US M&A, Poland Sale Delays Possible
Century Casinos (NASDAQ:CNTY) is open to more domestic acquisitions, though the regional casino operator is likely to encounter delays in its efforts to shed its Casinos Poland unit. The Colorado-based company is in the midst...
