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Todd Shriber
5785 stories by Todd Shriber
Playtika Plans $1.6 Billion IPO Valuing Itself at up to $9.4 Billion
Playtika, the Israeli mobile gaming company, updated a Form S-1 filing with the Securities and Exchange Commission (SEC) today. The filing said it plans to sell $1.6 billion worth of equity in a US initial...
International Game Technology Wins Patent for Bitcoin Slot Machine Transactions
Shares of gaming device manufacturer International Game Technology (NYSE:IGT) surged Wednesday. That's after the company won a patent that would allow gamblers to use digital currencies, such as bitcoin, on slot machines. The US Patent...
Snow Lake Capital Presses MGM to Sell 20 Percent of China Business
Sean Ma’s Snow Lake Capital Ltd. is urging MGM Resorts International (NYSE:MGM) to sell 20 percent of the Macau business. They suggest the stake go to a “leading” Chinese consumer internet or travel and leisure...
Maddox Sells 56,000 Shares of Wynn Stock, Cashing Winning Bet on Company Equity
Wynn Resorts (NASDAQ:WYNN) CEO Matt Maddox recently sold about 56,000 shares of the company's stock. Maddox was taking some profits after a tumultuous year in which the gaming name sagged due to the coronavirus pandemic,...
MGM Explains Entain Acquisition Offer, Analyst Calls it ‘Smart, Strategic’
MGM Resorts International (NYSE:MGM) has confirmed it made an $11.06 billion takeover bid for Entain Plc (OTC:GMVHY), its partner on the BetMGM venture, and that the British company turned back the proposal, saying it undervalues...
Las Vegas Sands, Wynn Are Macau Names to Remember Following Forgettable 2020
Last year, the six Macau concessionaires won just $7.53 billion combined, as the coronavirus pandemic forced the worst annual gross gaming revenue (GGR) tally in the special administrative region (SAR) since 2006. But analysts are...
Churchill Downs ‘Irreplaceable Assets’ Driving EBITDA Growth, Says BofA Analyst
Churchill Downs (NASDAQ:CHDN) is setting up to be one of 2021's more compelling names in the gaming space, according to one analyst. In new coverage of the racetrack operator's stock, Bank of America (BofA) analyst...
MGM Proposes $11.06 Billion Entain Takeover, But Target Says That’s Not Adequate
MGM Resorts International (NYSE:MGM) is offering $11.06 billion for Entain Plc (OTC:GMVHY). But the British bookmaker says that's not enough. Reports surfaced Sunday that the Mirage operator is seeking to acquire its partner in the...
Eris Exchange Pitching NFL Futures Contracts, Targeting Sportsbook Hedging Needs
Eris Exchange, LLC (ErisX), the operator of a digital currency exchange and clearinghouse, is asking the Commodity Futures Trading Commission (CFTC) to permit futures contracts tied to NFL games on its bourse. The Chicago-based company...
William Hill Mobile App Debuts in Washington, Can’t Be Used in Fed Buildings
William Hill's mobile betting application is live in the nation's capitol. But it doesn't offer much of the convenience gamblers associate with placing bets via smartphones. DC Lottery approved the William Hill app this month...
