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Todd Shriber
5738 stories by Todd Shriber
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....
Penn National Stock Bounce to Be Led by Land Casinos, Says Hedgeye Analyst Jordan
Penn National Gaming (NASDAQ:PENN) stock is often seen as a play on the boom of internet casinos and online sports betting. While that's accurate, it could be the company's brick-and-mortar venues that help the shares...
Red Rock Resorts Offloads Palms Casino to San Manuel for $650 Million in Cash
Red Rock Resorts, Inc. (NASDAQ:RRR) said today its Station Casinos unit is selling the Palms Casino Resort in Las Vegas. The buyer for $650 million in cash is the San Manuel Band of Mission Indians,...
Better Collective Bests DraftKings, FanDuel in $240 Million Deal for Action Network
Danish betting analytics provider Better Collective is buying The Action Network for $240 million in cash and equity, extending a growing list of dealmaking between betting companies and media outlets. The Denmark-based company said the...
DraftKings Stock Gets Modest Boost from Cowen Upgrade
DraftKings (NASDAQ:DKNG) stock is trading modestly higher Monday with the help of a sell-side upgrade. Cowen analyst Stephen Glagola boosted his rating on the daily fantasy sports (DFS) provider to “outperform” from “market perform,” while...
Penn National Buys HitPoint Studios, LuckyPoint to Fortify New Gaming Unit
Penn National Gaming (NASDAQ:PENN) has announced the creation of Penn Game Studios (PGS). It is a unit dedicated to developing new online casino games, and a recent acquisition is aimed at bolstering that fresh business....
Caesars Auction of William Hill Betting Shops Likely to Draw 888 Holdings, Apollo
Caesars Entertainment (NASDAQ:CZR) put the finishing touches on its $3.69 billion takeover of William Hill less than two weeks ago. As is widely expected, the gaming giant will soon auction off the British bookmaker's 1,400...
