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Todd Shriber
5664 stories by Todd Shriber
888 Holdings, Flutter Favored Among UK Sports Betting Stocks
888 Holdings (OTC:EIHDF) is one of the sports betting stocks earning praise from research firm Investec, which favors the recently acquisitive gaming name over rival Entain Plc (OTC:GMVHY). In new coverage of 888, Investec rates...
DoubleDown Stock Could Be Near Double in the Making
Social casino operator DoubleDown Interactive (NASDAQ:DDI) went public earlier this month. While the stock is trading slightly below its initial public offering (IPO) price, it's drawing some early optimism in the analyst community. In a...
ARK Invest Continues Buying DraftKings, Genius Sports
Cathie Wood's ARK Investment Management remains bullish on DraftKings (NASDAQ:DKNG) and Genius Sports (NYSE:GENI) and is adding to stakes in those sports betting stocks. Wood is also using pullbacks to add to those positions. For...
Scientific Games Selling OpenBet to UFC’s Endeavor Group for $1.2B
Scientific Games (NASDAQ:SGMS) is selling its OpenBet sports wagering business to Endeavor Group Holdings, Inc. (NYSE:EDR), the parent company of the Ultimate Fighting Championship (UFC), for $1.2 billion in cash and equity. Under the terms...
DraftKings Could Be Pursuing Entain for Technology, Putting MGM in Tough Spot
DraftKings' (NASDAQ:DKNG) pursuit of Entain Plc (OTC:GMVHY) could be centered around acquiring the target's technology capabilities, potentially putting MGM Resorts International (NYSE:MGM) on the prowl for its own sports wagering tech stack. That idea is...
Macau Stock Investors Ponder SOE Specter, Golden Week Restrictions
Shares of Macau casino operators trading in the US are soaring Monday on a day of strength in the broader gaming complex. But investors remain jittery amid coronavirus restrictions ahead of the October Golden Week...
Blackstone Selling Cosmopolitan Las Vegas for $5.65B in Lucrative Asset Trade
Blackstone (NYSE:BX) is selling Cosmopolitan of Las Vegas for $5.65 billion, meaning the private equity behemoth nearly tripled its investment on the Strip venue seven years after acquiring it. As was widely expected, MGM Resorts...
Wynn CEO Maddox Says Macau Will Rebound, Sees Strong Demand
Wynn Resorts (NASDAQ:WYNN) and competitors are facing a variety of regulatory and coronavirus-related headwinds in Macau. But CEO Matt Maddox remains optimistic on the outlook for the world's largest casino center. In a Thursday interview...
ESPN Could Be Eyeing Rush Street Interactive Acquisition
The sports betting consolidation rumor mill continues chugging along, turning up fresh speculation that ESPN could be considering a bid for Rush Street Interactive (NYSE:RSI). Sports merchandise giant and aspiring sportsbook operator Fanatics was recently...
Scientific Games Will Retain Minority Stake in SG Lottery IPO
Scientific Games (NASDAQ:SGMS) said that if an initial public offering (IPO) for its SG Lottery unit materializes, it will sell the majority of that equity to outside investors. In late June, the gaming equipment maker...
