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Todd Shriber
5828 stories by Todd Shriber
Apollo Looking to Merge Yahoo! Sports with Sportsbook Operator
Apollo Global Management (NYSE:APO) is reportedly holding early stage talks about merging Yahoo! Sports with a sports wagering company. CNBC reported the news earlier today, citing unidentified sources that say the private equity company is...
Las Vegas NBA Rumor Heating Up, Pundit Says LeBron James Could Be Involved
This is supposed to be the year in which Las Vegas learns its fate as a potential home of an NBA franchise. While an official announcement from the league hasn't materialized, one pundit believes the...
IGT Stock Tumbles Despite Solid 2022 Outlook
Shares of International Game Technology (NYSE:IGT) are plunging Tuesday. That's despite the slot machine manufacturer issuing first-quarter and full-year guidance that, at the high end of the ranges, exceeds consensus estimates. In midday trading, IGT...
Bally’s Downgraded as Analyst Sees Investment Cycle Trying Investor Patience
Shares of Bally's (NYSE:BALY) are trading lower to start the week after an analyst downgraded the casino operator. In a note to clients today, Jefferies analyst David Katz lowered his rating on the Rhode Island-based...
IGT Selling Italian Payments Unit for $788M
International Game Technology (NYSE:IGT) announced today its IGT Lottery S.p.A. is selling its Italian proximity payment business to PostePay S.p.A. -- Patrimonio Destinato IMEL -- for $788.31 million. IGT's board of directors approved the transaction,...
Golden Entertainment Graduates to Small-Cap Index
Golden Entertainment (NASDAQ:GDEN) is earning a notable equity index promotion, as the stock is heading toward the S&P SmallCap 600 Index. Standard & Poor's (S&P), one of the largest providers of equity benchmarks, made the...
Resorts World Las Vegas Slow to Find Momentum
Resorts World Las Vegas is taking longer-than-expected to ramp-up, potentially weighing on operator Genting Berhad's hopes to leverage the asset to wring more profits out of the US. The $4.3 billion Resorts World Las Vegas,...
Playtika Stock Surges After Strategic Review Announced, Sale Possible
Shares of Playtika (NASDAQ:PLTK) are soaring in Thursday's after-hours trading session. That's after the mobile gaming company said it's considering strategic alternatives, including a possible sale. The Israeli firm adds it's commencing a process “to...
Sands Completes Las Vegas Asset Sale, Analyst Questions Junk Credit Rating
On Wednesday, Las Vegas Sands (NYSE:LVS) finalized the $6.25 billion sale of its home city assets -- Venetian, Palazzo and Venetian Expo -- positioning the company to invest heavily in Asia. Private equity titan Apollo...
Bally’s Stock Falters as Q4 Results Miss Estimates, International Digital Biz Disappoints
Bally’s Corp. (NYSE:BALY) stock is slumping today after the gaming company's fourth-quarter results fell short of Wall Street estimates due, in large part, to a miss by the operator's international interactive unit. In the October...
