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Todd Shriber
5781 stories by Todd Shriber
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...
Corvex Management Boosts MGM Stake to 15.67 Million Shares
Keith Meister's Corvex Management upped its position in MGM Resorts International (NYSE:MGM) during the second quarter. The hedge fund controlled by the MGM board member now owns 15.67 million shares of the largest operator on...
Sportradar Opts for Traditional IPO After SPAC Deal Fizzles
Sports betting data provider Sportradar AG filed plans today with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). The Form F-1 filing was revealed just over two months after the Swiss...
GAN Defended by Analysts Following Post-Earnings Plunge
GAN Ltd. (NASDAQ:GAN) stock is being taken to the woodshed today. That's after the gaming technology provider's second-quarter earnings per share missed Wall Street estimates. After the close of US markets Monday, GAN said it...
Sightline Payments Hits $1B Valuation, Becomes Nevada’s First Fintech Unicorn
Sightline Payments, a provider of cashless gaming solutions, has eclipsed a private market valuation of more than $1 billion, making the company Nevada's first fintech “unicorn.” “Unicorn” is financial parlance for closely held companies with...
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...
