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Todd Shriber
5828 stories by Todd Shriber
Caesars Gets Lift As Analysts Applaud Reduced Digital Spending
On a brutal day for domestic equities, Caesars Entertainment (NASDAQ:CZR) stood out in positive fashion, as investors seemingly cheered the company's plan to significantly limit iGaming and online sports wagering expenditures. Shares of the casino...
Super Group Soars as Preliminary 2021 Results Top Estimates
Shares of Super Group (NYSE:SGHC) are surging Wednesday, after the sportsbook operator provided a glance at its 2021 results, indicating it beat prior forecasts. The newly public gaming company said it generated 2021 net gaming...
Century Casinos Enters Reno with Nugget Sparks Acquisition
Century Casinos (NASDAQ:CNTY) is entering the Reno market through the $195 million acquisition of the Nugget Sparks casino and a 50 percent interest in the real estate company that owns the gaming venue. This will...
Caesars Paring Sports Betting Ad Spending, Still on Pace to Sell Vegas Casino
As it gains more market share and looks to stem related losses, Caesars Entertainment (NASDAQ:CZR) is reducing its traditional media spending. Those funds are aimed at acquiring customers for its burgeoning online sports betting operation....
Bally’s Hires Investment Bank, Law Firm to Mull Standard General Takeover Bid
Bally’s Corp. (NYSE:BALY) announced today it has hired an investment bank and law firm to evaluate a takeover offer. It formed a special committee earlier this month to consider a $38 per share proposal made...
Caesars Bringing Harrah’s Brand to Florida in Rename of Isle Casino Pompano Park
Caesars Entertainment is bringing the storied Harrah's brand to Florida as it renames Isle Casino Pompano Park later this year. The gaming company said the venue will be known as Harrah’s Pompano Beach in the...
Golden Entertainment Gushes Cash Flow
Last week, Golden Entertainment (NASDAQ:GDEN) reported consensus-beating fourth-quarter revenue. But some analysts believe the real story for the Strat operator is a burgeoning free cash flow (FCF) story that could prompt elevated shareholder rewards. On...
Golden Entertainment Offers Cash Flow, Capital Return Potential, According to Analyst
Quietly one of this year's best-performing gaming equities, Golden Entertainment (NASDAQ:GDEN) is soaring again today. That's after a sell-side analyst issued a bullish report on the Strat owner. In late trading, shares of Golden are...
S&P Cuts Las Vegas Sands Credit Rating to Junk on Lethargic Macau Recovery
Standard & Poor's (S&P) stripped Las Vegas Sands (NYSE:LVS) of its investment-grade credit rating, citing a slow recovery in Macau this year. The ratings agency lowered its grades on LVS and the operator's Sands China...
Wynn Selling Encore Boston Harbor Property Assets to Realty Income for $1.7B
Wynn Resorts (NASDAQ:WYNN) is selling the real estate assets of Encore Boston Harbor to Realty Income (NYSE:O) for $1.7 billion -- the equivalent of a 5.9 percent cap rate. In the latest sale-leaseback deal in...
