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Todd Shriber
5868 stories by Todd Shriber
DraftKings Tops Q2 Sports Betting App Testing, Caesars May Unveil VIP Brand
DraftKings topped rival purveyors of online sports betting mobile applications in a research firm’s second-quarter survey of those products, eking out a win against FanDuel. In the most recent edition of its bi-weekly EKG Line...
Caesars Asset Sale Could Happen in Months, Stock ‘Woefully Undervalued,’ Says Analyst
Caesars Entertainment (NASDAQ:CZR) delivered estimate-beating second-quarter revenue and earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) late Tuesday. Although there wasn’t a specific update on the long-awaited sale of one of...
Melco Mulls Macau Headquarters in Bid to Keep Nasdaq Listing
Melco Resorts & Entertainment (NASDAQ:MLCO) is evaluating moving its headquarters to Macau from Hong Kong in an effort to retain its US equity listing. Citing two unidentified sources with knowledge of the matter, the Financial...
DraftKings, Wynn Pegged as Winners in Massachusetts Sports Betting, Say Analysts
To the delight of bettors in New England’s largest state, Massachusetts finally passed regulated sports wagering right before the end of its 2022 legislative session. Analysts are already identifying potential winners among operators. Boston-based DraftKings...
Treasure Island Owner Phil Ruffin Jetting to Oakland in Bid to Woo A’s
Billionaire financier and Las Vegas casino owner Phil Ruffin is reportedly traveling to Northern California Tuesday in an effort to possibly compel Major League Baseball’s Oakland Athletics to move to Sin City. Ruffin, whose Las...
Bally’s Now Sports Wagering Partner of New York Yankees
Regional casino operator Bally’s is increasing its visibility in New York in a big way, announcing it’s now an official sports betting partner of the New York Yankees. The gaming company’s relationship with the most...
Caesars, Sands Among Speculative Stocks with Rebound Potential
The S&P 500 is still saddled with year-to-date loss of 13.26%. But the benchmark domestic equity gauge gained 8.32% in July, with contributions from some consumer discretionary names, including casino stocks. Caesars Entertainment (NASDAQ:CZR) and...
Playtech Scraps Caliente Interactive SPAC Merger Plan
Playtech is abandoning plans to bring Caliente Interactive’s Caliplay unit public in the US. The concept would have been executed via a merger with a special purpose acquisition company (SPAC). Its demise potentially deals another...
Jackpocket Lottery App Downloads Soar as Mega Millions Jackpot Swells
Newton’s third law states that for every action, there is an equal and opposite reaction. That’s being confirmed by the soaring Mega Million’s jackpot and its impact on Jackpocket, the purveyor of an internet lottery...
Circa Sports Boosts UFC Betting Limits
Circa Sports is lifting its limits on UFC wagering, including a move to accepting up to $50,000 bets on main events on the day those fights are scheduled. Circa Sports Sportsbook Director Matt Metcalf made...
