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Todd Shriber
5664 stories by Todd Shriber
DraftKings Drilled, as Trio of Analysts Lower Price Targets
DraftKings (NASDAQ:DKNG) stock is extending what's now a precipitous decline, as at least three analysts today trimmed price forecasts on the sportsbook operator. In early trading Monday, shares of the daily fantasy sports (DFS) provider...
Red Rock Resorts Palms Sale Credit Positive, But No Ratings Upgrade Yet, Says Moody’s
Last week, Red Rock Resorts, Inc. (NASDAQ:RRR) announced the $650 million sale of Palms Casino Resort in Las Vegas to the San Manuel Band of Mission Indians. The move is lauded by Moody's Investors Service....
Apollo Lack of Sportsbook Experience Could Be Hurdle in Tabcorp Bid, Say Analysts
Last week, Apollo Global Management (NYSE:APO) upped its bid for Tabcorp’s betting and media businesses to $3.1 billion. But some analysts believe the private equity firm's dearth of direct sportsbook operational experience could hinder its...
Penn National Analysts Rush to Defend Stock as Slump Intensifies
On Thursday, Penn National Gaming (NASDAQ:PENN) reported better-than-expected first-quarter results, but the stock tumbled more than eight percent. That extends a now-lengthy slide that's seen the regional casino operator shed 18 percent over the past...
Sportradar, SPAC Suitor Lengthen Acquisition Time Line
Sportradar and Horizon Acquisition Corp. II (NYSE: HZON) are reportedly extending negotiations to bring the deal across the finish line. Horizon is the special purpose acquisition company (SPAC) looking to merge with the betting data...
Apollo Makes $3.1 Billion Offer for Tabcorp Assets, Topping Entain Bid
Apollo Global Management (NYSE:APO) is making another run at Tabcorp’s betting and media businesses. It is offering nearly $3.1 billion for the Australian company's sought-after assets, while topping a recently revised bid of $2.7 billion...
ARK Buys Another Seven Million Skillz Shares in Just Three Days
It's in a now-lengthy slump. But Skillz (NYSE:SKLZ) stock has friends in high places -- namely, Cathie Wood's ARK Investment Management. In just the past three trading days, the New York-based money manager and exchange...
Scientific Games Reportedly Considering Australia IPO to Cut Debt
Gaming equipment manufacturer Scientific Games (NASDAQ:SGMS) may be weighing an initial public offering (IPO) on the Australian Stock Exchange (ASX) as an avenue for trimming a massive debt burden. The Las Vegas-based company reportedly engaged...
Caesars Stock Soars on Vegas Recovery, Analysts Rush to Boost Price Targets
Caesars Entertainment (NASDAQ:CZR) stock is higher by six percent in early trading Wednesday, a day after the gaming company delivered a blistering first-quarter earnings report -- one including commentary that Las Vegas is roaring back...
Skillz Ups 2021 Revenue Guidance, Hits Back at Short Reports on Earnings Call
Skillz Inc. (NYSE:SKLZ) raised its 2021 revenue forecast Tuesday, announced a new chief financial officer (CFO), and finally hit back at recent bearish reports against the gaming company. But the shares fell in after-hours trading....
