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Todd Shriber
5664 stories by Todd Shriber
Churchill Downs, Penn National Earn ‘Buy’ Ratings as Berenburg Starts Coverage
Berenberg analyst Zachary Silverberg initiates coverage of several gaming stocks today, revealing bullish views on a quartet of well-known names in the group. The analyst is constructive on lottery and gaming technology providers, such as...
DraftKings, Polygon Team Up on Blockchain Accord
DraftKings (NASDAQ:DKNG) is forging deeper into the cryptocurrency space, announcing today that it's partnering with Polygon to support debuts on non-fungible tokens (NFTs) on DraftKings Marketplace. DraftKings Marketplace recently launched and features “curated NFT drops...
GAN in Spotlight Following Aristocrat Deal for Playtech
Late Sunday, Australian gaming machine Aristocrat Technologies announced it's purchasing rival Playtech in a $3.71 billion transaction. That values the target at a 58 percent premium to where it closed last Friday. At least one...
Aristocrat Acquiring Playtech, Deal Values Target at $3.71B
Aristocrat Technologies, one of the world's largest makers of gaming machines, is acquiring rival Playtech for 680 pence ($9.35) in cash -- a 58.4 percent premium to the target's Oct. 15 closing price. The offer...
Derek Stevens Refutes DraftKings/Circa Takeover Rumor in Twitter Kerfuffle
Circa Sports founder and CEO Derek Stevens took to Twitter earlier today to refute speculation his company is for sale, calling the rumor “pure BS.” In highlighting tidbits from the firm's most recent sports betting...
GAN Stock Climbs After Company Issues Bullish Revenue Outlook
GAN Ltd. (NASDAQ:GAN) stock is soaring Friday after the gaming technology provider issued bullish revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) guidance. Up more than four percent in midday trading on volume...
DraftKings Invests in SPAC Merging with Vivid Seats
DraftKings (NASDAQ:DKNG) announced today it's providing private investment in public equity (PIPE) to Horizon Acquisition Corp. (NYSE:HZAC) -- the special purpose acquisition company (SPAC) merging with online ticket marketplace Vivid Seats. Todd Boehly's Eldridge Industries,...
Rush Street Interactive Uses Social Casino to Enter Canada
Rush Street Interactive (NYSE:RSI) is leveraging its social casino brand, CASINO4FUN, to enter the Canadian market. The gaming company said it plans to roll out live money online casinos and sportsbooks in Canada in the...
Genting Pours Another $150M into Resorts World Catskills Parent
Genting Malaysia is allocating another $150 million to Empire Resorts, the financially ailing unit that controls one of the operator's New York casinos. In a recent filing with Malaysian securities regulators, Genting said it agreed...
Domestic Gaming Equities Preferable to Macau Fare, Says Research Firm
At this point, it's stating the obvious. But domestic gaming equities are the way to go over Macau equivalents, according to one research firm. Price action confirms as much. Year-to-date, two of the worst-performing gaming...
