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Todd Shriber
5660 stories by Todd Shriber
DraftKings Slumps After Analyst Issues Rare Lukewarm Rating on Stock
Shares of DraftKings (NASDAQ:DKNG) are lower by 2.50 percent in late trading. The rare tepid rating on the stock is the cause behind the Monday slump. JPMorgan analyst Daniel Politzer initiated coverage of the daily...
Steve Wynn Throws $5 Million at Georgia Senate Contests
Steve Wynn, the exiled former boss of the gaming company bearing his name, is spending big to help Republicans retain a slim majority in the Senate. Wynn dropped $5 million on the two upcoming runoff...
IGT Selling Italian Gaming Device, Sports Betting Units to Apollo Unit for $1.15 Billion
International Game Technology (NYSE:IGT) is selling its Italian digital gaming, gaming machine, and sports wagering operations to Gamenet Group S.p.A for $1.15 billion. Gamenet is a group of affiliated funds run by private equity giant...
FanDuel Spin-Off Talk Gains Steam Following Flutter Buyout of Fastball Stake
Last week, Flutter Entertainment Plc (OTC:PDYPY) said it's paying $4.175 billion to buyout Fastball's 37.2 percent interest in FanDuel. That boosts the Irish gaming company's stake in the daily fantasy sports giant to 95 percent....
Flutter US Growth Plans Won’t Hinder Credit Rating
Flutter Entertainment Plc (OTC:PDYPY) made waves in the sports betting universe on Dec. 3, saying it's paying $4.175 billion to Fastball Holdings LLC to purchase 37.2 percent of FanDuel. It's a move that ups the...
California Card Rooms Notch Legal Victory as Ninth Circuit Court Rejects Tribes Injunction Bid
On Thursday, the US Court for the Ninth Circuit ruled that California tribal gaming companies cannot force their card room rivals to cease offering table games, such as blackjack. In an unpublished opinion, District Judge...
Japan Won’t Tax Casino Winnings of Foreign Gamblers, Says Amari
When integrated resorts eventually open in Japan, the country won't tax winnings accrued by foreign gamblers, says Akira Amari, head of the Liberal Democratic Party's (LDP) Research Commission on the Tax System. Amari made the...
Everi Exudes Share Price Excellence on WinStar CashClub Deal, Analyst Lifts Target
Shares of Everi Holdings (NYSE:EVRI) are soaring Thursday. That's after the company said it will provide its CashClub Wallet cashless gaming solution to WinStar World Casino and Resort in Oklahoma, one of the world's largest...
Los Angeles Card Room Closures Putting Communities on Financial Brink
Following another wave of coronavirus cases in Los Angeles, local card rooms shuttered a second time last week, bringing more financial strain to the towns in which those venues operate. On Tuesday, Los Angeles County...
FanDuel, Private Equity Backers Want Scottish Law Used in Suit, But Judge Unsure
FanDuel and private equity shops KKR and Shamrock Capital are asking New York Supreme Court Justice Andrea Masley to apply Scottish law in a suit brought by founders Nigel and Lesley Eccles and Thomas Griffiths....
