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Todd Shriber
5738 stories by Todd Shriber
MGM Could Ready Another Bid for Entain as Six-Month Restriction Period Ends
July 19 is a potentially important date in the relationship between MGM Resorts International (NYSE:MGM) and Entain Plc (OTC:GMVHY). That's the first day the US casino behemoth can make another offer for its partner on...
Penn National Stock Among Best Covered Call Ideas, Says Bank of America
Slumping Penn National Gaming (NASDAQ:PENN) stock is among 10 names Bank of America recommends as top near-term covered call ideas. Covered calls are an options strategy also known as call writing, or call selling, in...
Tabcorp Keno, Lottery Unit Worth up to $9.2 Billion, Says J.P. Morgan
Tabcorp's keno and lottery units, which the Australian gaming company recently said will be spun off, could be worth between $6.97 billion and $9.19 billion, according to J.P. Morgan analysts. Even at the low end...
Scientific Games Sports Betting Unit Draws Interest from Former F1 Manager Jordan
Irish businessman Eddie Jordan, formerly the owner of a Formula One (F1) team bearing his surname, is rumored to be readying a bid for the OpenBet sports betting unit. That division was recently put on...
Bragg Gaming Issues Upbeat Q2 Sales Guidance, Says Nasdaq Listing on Pace for Q3
Canadian gaming technology provider Bragg Gaming (OTC:BRGGF) said earlier this week its second-quarter revenue should surge 23.5 percent on a year-over-year basis. It could also list its shares on the Nasdaq Stock Market sometime in...
Melco Stock Slumping, But Earns Praise as Pandemic Rebound Play
Amid a slow recovery in its marquee market of Macau, one stymied by a recent surge in coronavirus cases throughout Asia, Melco Resorts & Entertainment (NASDAQ:MLCO) is in a funk. While shares of the City...
Las Vegas Sands Could Be Targeting Jacksonville for Florida Casino
Las Vegas Sands is mulling an array of options to bring a casino to Florida, with indications mounting that the effort is likely to focus on Jacksonville. The largest gaming company by market value recently...
IGT Top Pick In Gaming Supplier Stocks, Analyst Sets Q2 Earnings Beats
Gaming supplier stocks are outperforming shares of casino operators and the broader market this year, with International Game Technology (NYSE:IGT) among the names earning praise from analysts. In a note out Wednesday, Macquarie analyst Chad...
AIG Asks Ninth Circuit to Uphold Ruling On Circus Circus COVID-19 Claims
AIG Specialty Insurance Co. is asking the Ninth Circuit Court of Appeals to uphold a US district court's ruling. The lower court ruled that the carrier isn't on the hook to pay coronavirus-related damages to...
Macau Gaming Revenue Trending Higher to Start July
Following a dismal showing in June, gross gaming revenue (GGR) in Macau is off to a strong start in July, according to analysts. In a note out Monday, research firm Bernstein said GGR in the...
