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Todd Shriber
5664 stories by Todd Shriber
Einhorn’s Greenlight Capital Exits Betway SPAC
Greenlight Capital, the hedge fund run by financier and poker player David Einhorn, sold its stake in special purpose acquisition company (SPAC) Sports Entertainment Acquisition Corp. (NYSE:SEAH) in the second quarter. Sports Entertainment is serving...
Boyd, Caesars, Red Rock Top JPMorgan Casino Stock List
JPMorgan released a broad look at the gaming industry today, highlighting Boyd Gaming (NYSE:BYD), Caesars Entertainment (NASDAQ:CZR) and Red Rock Resorts (NASDAQ:RRR) as its top three ideas among the casino stocks it rates “overweight.” Each...
Las Vegas Sands Stock So Bad, It May Actually Be Good, Says Strategist
Down 33 percent year-to-date, Las Vegas Sands (NYSE:LVS) stock isn't just one of the worst-performing gaming equities. Residing more than 40 percent below its 52-week high, it's the only member of the S&P 500 with...
Yokohama Casino Effort Will Move Ahead with Genting Likely Winner, Says Bank
Amid swirling controversy over the fate of a gaming venue in Yokohama, at least one investment bank believes an integrated resort will come to life in Japan's second-largest city. It sees Genting Singapore as the...
Bally’s Continues Acquisition Binge in Telescope Deal
Bally's (NYSE:BALY) is continuing its acquisitive ways, announcing earlier today the purchase of Telescope Inc. Financial terms of the deal weren't disclosed. Privately held Telescope provides “fan engagement services” for live events, interactive livestreams, and...
Entain Forecasts Up To 25% Share of $32B North American iGaming, Sports Betting
Entain Plc (OTC:GMVHY), half owner of the BetMGM business, said at its Investor Day today it's aiming for 20 percent to 25 percent of the North American internet casinos and online sports wagering markets. The...
DraftKings Nevada Entry Possible Following Golden Nugget Online Acquisition
DraftKings (NASDAQ:DKNG) could eventually make its long-awaited move into Nevada sports wagering following the purchase of Golden Nugget Online Gaming (NASDAQ:GNOG) announced earlier this week. On Monday, the sportsbook operator said it's acquiring Tilman Fertitta's...
DraftKings/Golden Nugget Deal Draws Mostly Positive Response from Analysts
On Monday, DraftKings (NASDAQ:DKNG) announced the acquisition of online casino operator Golden Nugget Online Gaming (NASDAQ:GNOG) for $1.56 billion in equity. It's DraftKings' largest purchase since becoming a freestanding public company in April 2020. It...
SciPlay Forms Committee to Consider Scientific Games Takeover Offer
Social casino developer SciPlay Corp. (NASDAQ:SCPL) said its board of directors formed a special committee to evaluate a takeover offer presented last month by former parent company Scientific Games (NASDAQ:SGMS). On July 15, Scientific Games...
FanDuel Has 45% of US Online Sports Betting in Q2, Forecasts 2023 Profit
Flutter Entertainment (OTC:PDYPY) delivered results for the first half of 2021 today, providing separate data for its US operations for the first time. The numbers affirmed the strength of FanDuel in the US online sports...
