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Todd Shriber
5664 stories by Todd Shriber
Everi Credit Rating Lifts as Fitch Sees Restored EBITDA Levels in Late 2021
Gaming device manufacturer and FinTech purveyor Everi Holdings (NYSE:EVRI) can return to earnings before interest, taxation, depreciation and amortization (EBITDA) levels last seen prior to the coronavirus pandemic late this year, says Fitch Ratings. The...
MGM Stock Extends Rally as Jefferies Issues ‘Buy’ Rating, Price Target Raised to $50
MGM Resorts International (NYSE:MGM) is extending its bull run Monday, after Jefferies analyst David Katz raised his rating on the stock to “buy” from “hold.” The Katz call comes after the Mandalay Bay operator jumped...
Flutter Mulls FanDuel Spin-Off as Investors Push for DraftKings Valuation
Flutter Entertainment (OTC:PDYPY) is considering spinning out its FanDuel business and listing a portion of that unit on a US exchange. The Irish gaming giant made remarks to that effect today after a report surfaced...
Century Casinos ‘Attractive’ Idea for Margin Expansion, Pent-Up Demand Bets, Says Analyst
Century Casinos (NASDAQ:CNTY) stock surged 9.43 percent on Friday, racing to a new 52-week high. That came a day after the regional gaming company reported fourth-quarter earnings before interest, taxes, depreciation and amortization (EBITDA) that...
Caesars, Penn National Get Big Index Promotion, Heading to S&P 500
Shares of Caesars Entertainment (NASDAQ:CZR) and Penn National Gaming (NASDAQ:PENN) are trading to the upside in Friday's after-hours session. That's on news that the pair of high-flying gaming stocks are heading to the S&P 500....
DraftKings, Penn, Other Sports Betting Stocks Calm Ahead of March Madness
Following some sizable gains earlier in the week, shares of DraftKings (NASDAQ:DKNG), Penn National Gaming (NASDAQ:PENN) and other sports wagering-related stocks are mostly docile in late trading Friday. But with the NCAA Tournament looming, that...
Sands Plans to Spend Some Venetian Sale Cash in Singapore
Las Vegas Sands (NYSE:LVS) will allocate some of the capital generated from its $6.25 billion sale of the Venetian and Sands Expo and Convention Center to Marina Bay Sands (MBS) in Singapore. COO and President...
Matthew Peterson, Architect of $6M Sports Betting Fraud, Gets Eight Years, No Parole
Matthew Peterson, 51, the mastermind behind a $6 million sports wagering scheme, was sentenced to eight years and one month in federal prison without possibility of parole. In levying that punishment on Wednesday, US District...
NeoGames Stock Hits Jackpot After Q4 Results, 2021 Guidance Impress
NeoGames (NASDAQ:NGMS) stock is soaring Thursday after the online lottery operator delivered fourth-quarter results and 2021 guidance that topped consensus estimates in its first earnings report as a public company. Late Wednesday, the Israeli company...
DraftKings Stock Soars After Inclusion in Biggest ARK Fund, Analysts Cheer Investor Day Comments
DraftKings (NASDAQ:DKNG) is on pace for one of its best days since its debut last April as market participants embrace another round of bullish commentary from sell-side analysts and support for the name from a...
