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Todd Shriber
5660 stories by Todd Shriber
Las Vegas Sands Q3 Loss Better than Expected, But Revenue Misses Street Forecasts by $65.84 Million
Las Vegas Sands (NYSE:LVS) posted a third-quarter loss of 74 cents a share, beating Wall Street estimates by five cents. But the operator said revenue was $586 million, missing analysts' projection by $65.84 million. That's...
Eldorado Effect: Caesars Rewards Membership Jumps 20 Percent Thanks to Merger
Eldorado Resorts' takeover of Caesars Entertainment is having tangible benefits in at least one area. The transaction, sealed in July, created a massive influx of new members to the Caesars Rewards loyalty program. In terms...
Macau October GGR Trending Higher, But Motorcycle Grand Prix Probably Canceled
JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged $27.8 million on a daily basis through the first 18 days of October. That's a far cry from pre-coronavirus pandemic levels, but still a marked...
Barstool Sportsbook Quickly Grabs Pennsylvania Share, Analyst Sees Large National Footprint
In September, Pennsylvania notched a record sports betting handle of $462.8 million. This topped the previous high mark set just a month earlier by $100 million. The newest entrant to the state's online sports wagering...
Caesars, Wynn Offer Perks, Including Sports Betting, for Investors, Say Analysts
Caesars Entertainment (NASDAQ:CZR) and Wynn Resorts (NASDAQ:WYNN) are among the gaming names offering investors stout upside potential. While sports betting is all the rage in the industry these days, analysts see more to the stories...
Century Casinos Could Be Next Gaming Winner, Analysts Sees Double Potential
Regional gaming company Century Casinos is on a tear from its March lows, surging nearly 466 percent over that span. But at least one analyst believes the stock has much more upside ahead, particularly if...
BETSPERTS Lands Another Seven-Digit Funding Round, Eyes LinkedIn Status
BETSPERTS, a social media platform focusing on sports betting, said it recently closed its second round of seven-figure venture funding, bringing in several new investors in the process. The Chicago-based company didn't disclose how much...
Playtika Inches Closer to US IPO Valuing Company at $10 Billion
Playtika Holding Corp., a provider of mobile games that was once controlled by Caesars Entertainment (NASDAQ:CZR), is moving closer to a US initial public offering (IPO). It filed related documents with the Securities and Exchange...
Caesars, MGM Sports Betting Exposure Isn’t Fully Appreciated, Says Analyst
Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM) are increasing exposure to the rapidly growing domestic sports betting industry. But one analyst argues that the financial market doesn't yet fully appreciate the operators' growing footprints...
Sportradar Earns Junk Credit Rating from Fitch, Outlook Stable
Sports data provider Sportradar landed a long-term issuer default rating of “B” with a “stable” outlook from Fitch Ratings after the privately held company sold $494.36 million in debt. That senior secured loan issue was...
