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Todd Shriber
5867 stories by Todd Shriber
Casino Stock Winners Have Free Cash Flow, Online Exposure
Casino stocks are incurring plenty of punishment this year, but some analysts see opportunity in the group. That's particularly among digital gaming names, as well as those generating ample amounts of free cash flow. While...
Red Rock Resorts Shuttering Wild Wild West, Will Redevelop Property
Red Rock Resorts (NASDAQ:RRR) said today it is closing the Wild Wild West Gambling Hall & Hotel. That venue will be demolished in anticipation of future redevelopment. Wild Wild West, which is located at the...
Penn Entertainment Pushed Out of S&P 500
Penn Entertainment’s (NASDAQ:PENN) lengthy share price decline is leading to the stock’s removal from the S&P 500. S&P Dow Jones Indices made the announcement today after the close of US markets, noting the regional casino...
Regional Casinos Get July Boost from Lower Gas Prices
The national average gas price is $3.829 per gallon, according to AAA, well above levels seen in late 2020, but off the highs set earlier this year. Those declines provided some support to regional casinos’...
MGM Says 96 Percent of LeoVegas Investors Accept Takeover Offer
MGM Resorts International (NYSE:MGM) said today that 96% of LeoVegas AB investors voted in favor of the casino operator’s takeover of the Swedish gaming company. The price at which those investors accepted a public tender...
Ontario 2Q GGR Underwhelming, Not Catalyst for Penn Stock, Says Analyst
On Tuesday, Ontario finally updated analysts, investors and market observers on its iGaming and sports betting handle and revenue. The update encompassed the time span since the rollout of those activities in early April. Suffice...
Light & Wonder CEO Transition Applauded By Analyst
Light & Wonder (NASDAQ: LNW) announced late Tuesday that Barry Cottle resigned as chief executive officer and president. He also left the company’s board, with Matt Wilson stepping in as interim CEO -- a change...
Fanatics Could Take Sports Bets by End of 2022, Says Founder
Fanatics -- long rumored to be entering the sports betting business -- could be accepting wagers by the end of this year. In an interview on The Volume with Colin Cowherd, Fanatics founder Michael Rubin...
IGT Reaches Settlement with DoubleDown Interactive, Sees Q3 Charge of $120M
International Game Technology (NYSE:IGT) announced today it reached an agreement in principle to settle legal claims stemming from the Benson v. DoubleDown Interactive LLC litigation. That suit is tied to IGT’s June 2017 sale of...
Golden Nugget Lake Charles Opening New DraftKings Sportsbook
DraftKings is getting a permanent retail sportsbook location at the Golden Nugget Lake Charles. That's slated to open on Thursday, September 1. The new sportsbook, which will be the largest in Louisiana, replaces a temporary...
