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Todd Shriber
5738 stories by Todd Shriber
ARK Invest Adds Nearly $61M of DraftKings Stock Across Three Funds
Cathie Wood's ARK Investment Management continues embracing DraftKings (NASDAQ:DKNG). The growth fund manager gobbled up $60.6 million worth of the sportsbook operator's shares on Tuesday, Aug. 24. The New York-based fund manager known for taking...
MGM Could Make Run at Skillz and Flutter, Says Report
Sportsbook operator Flutter Entertainment (OTC:PDYPY) and mobile games provider Skillz (NYSE:SKLZ) are possible takeover targets as consolidation looms over the fast-growing iGaming and sports wagering industries. FanDuel parent Flutter and Skillz, a company that's been...
Scientific Games Buys Sideplay Entertainment, Bolstering iLottery Offerings
Scientific Games (NASDAQ:SGMS) is acquiring Sideplay Entertainment in an effort to add to its roster of internet lottery offerings. Financial terms of the deal for closely held Sideplay weren't disclosed, nor did a statement issued...
Penn National Bringing Barstool Sportsbook to New Jersey Next Week
Penn National Gaming (NASDAQ:PENN) popped nearly four percent on Friday. That was amid speculation that the company's Barstool Sportsbook app launched in quiet, partial fashion in New Jersey this week. There was expectation that an...
Super Group Posts $762.6M in First Half Sales, Expects SPAC Deal in Q4
Super Group said it generated net gaming revenue of $762.6 million in the first six months of the year. The comapny is the parent of the online betting firm Betway. The gaming operator added its...
WynnBET Bringing Wynn Rewards to iGaming, Sports Betting Platform
Wynn Resorts is bringing its customer loyalty program to WynnBET, the operator's online casino and sports wagering platform. Wynn Rewards will be integrated into the fast-growing internet wagering offering so patrons can earn rewards points...
FanDuel, Sportradar Extend Data Deal Through 2028
Sportsbook operator FanDuel and data provider Sportradar today announced they are extending their partnership. Sportradar is the selected data or odds provider to the gaming company through 2028. Financial terms of the pact weren't disclosed,...
Playstudios One of Worst-Performing De-SPACed Companies Over Past Year
Social casino developer Playstudios (NASDAQ:MYPS) became a publicly traded entity following a merger with a special purpose acquisition company (SPAC). It's one of the worst-performing members of an expansive group that opted to go public...
Macau Casino Equities Slide to Five-Year Lows as August Visitation Tumbles
A basket of Macau casino stocks slumped to the lowest levels in five years today. That's after a research firm said August gross gaming revenue (GGR) and visitation are trending well below July levels amid...
Caesars, Penn National Among Best-Performing Stocks Since COVID-19 Market Bottom
From its coronavirus-induced trough on March 23, 2020 through Aug. 17, 2021, the S&P 500 doubled, marking one of the swiftest bear-to-bull market shifts on record. A pair of well-known gaming equities are among the...
