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Todd Shriber
5828 stories by Todd Shriber
iGaming, Sports Betting Stocks Looking at Trying Earnings Season, Says Analyst
Investors are repudiating gaming stocks this year, and with first-quarter earnings season looming, online casino and sportsbook stocks could be particularly vulnerable to more downside. That’s saying something, because the likes of DraftKings (NASDAQ:DKNG), Penn...
Macau Retains ‘AA’ Credit Rating, Fitch Sees Recovery Gaining Speed
Macau’s rebound is still slow-moving at best. But the special administrative region’s (SAR) strong credit grade remains intact with Fitch Ratings, affirming the world’s largest casino center at “AA” with a “stable” outlook. Fitch’s view...
NFL Biggest Investor in Latest Fanatics Funding Round, MLB Involved, Too
Fanatics’ private market valuation soared to $27 billion last month. That's following a $1.5 billion funding round in which the NFL was the biggest investor. When news of the $27 billion valuation for the privately...
NFL Now Among Biggest Genius Sports Investors
The NFL is now one the largest investors in Genius Sports (NYSE:GENI) after a batch of the league’s equity warrants in the sports betting data provider recently vested. Last week, 4.25 million of the NFL’s...
Fifth Street Gaming Planning First Dedicated Latino Casino in Las Vegas
Fifth Street Gaming (FSG) announced today that it’s refurbishing it's Lucky Club Hotel & Casino in North Las Vegas into a dedicated Latino gaming venue. It will be the first of its kind in the...
Caesars Partners with New York Mets, Plans Lounge at Citi Field
Caesars Entertainment and the New York Mets announced today the gaming company is the official sportsbook partner of the Major League Baseball (MLB) club. News of the agreement arrives in advance of MLB Opening Day,...
Clark County Commission OK’s Las Vegas Strip Closure for NFL Draft
At its Tuesday meeting, the Clark County Commission signed off on a massive closure of part of the Las Vegas Strip related to the upcoming NFL Draft. The commission unanimously voted to shut down traffic...
JACK Entertainment Debuts Free-to-Play Ohio Sports Betting App
Sports betting is legal in Ohio, but it’s not yet live. JACK Entertainment is filling the void, rolling out its free-to-play betJACK mobile app yesterday ahead of the launch of live wagering. JACK Entertainment --...
Light & Wonder Wraps Up Lottery Sale, Aims to Slash Debt, Buyback Stock
Light & Wonder (NASDAQ:SGMS) has completed the previously announced sale of its SG Lottery unit, putting the gaming company on track to go about reducing its debt burden. Previously known as Scientific Games, Light &...
Sands China Can Survive at Least Through 2022 End, Says Company
Sands China, the Macau arm of Las Vegas Sands (NYSE:LVS), said it drew $201 million on a credit revolver last month, providing the gaming company with enough capital to survive through the end of this...
