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Todd Shriber
5786 stories by Todd Shriber
DraftKings Announces Massive Secondary Offering, Forecasts Q3 Revenue up to $133 Million
DraftKings (NASDAQ:DKNG) stock is tumbling Monday after the daily fantasy sports (DFS) provider said it's selling 32 million shares of equity to raise capital, and that it expects third-quarter revenue of $131 million to $133...
Betfred Founder Done Considering Competing Offer for William Hill
Betfred founder Fred Done is reportedly considering raining on Caesars Entertainment's (NASDAQ:CZR) parade and making a higher offer for William Hill (OTC:WIMHY). Following a lengthy period of speculation, the Caesars Palace operator last week agreed...
Sports Entertainment Acquisition, SPAC with Possible Gaming Ambitions, Upsizes IPO to $400 Million
Sports Entertainment Acquisition Corp. (NYSE:SEAH.U), a special purpose acquisition company (SPAC), said today it priced 40 million units at $10 apiece, topping the previously estimated size of its initial public offering (IPO). The Florida-based company...
Macau Travel Numbers Improving this Month, Say Analysts
This could finally be the month Macau visitation numbers and gross gaming revenue (GGR) markedly turn for the better, according to industry analysts. But the world's largest casino center still faces challenges. On Thursday, the...
Twin River Paying $120 Million for Jumer’s Casino in Initial Illinois Entry
Twin River Worldwide Holdings (NYSE:TRWH) is purchasing Jumer's Casino & Hotel in Rock Island, Ill. for $120 million in cash, marking the company's first move into the Prairie State. Jumer's has a 40,000 square foot...
Penn National Rallies After Analyst Lifts Price Target to Another Street High
Penn National Gaming (NASDAQ:PENN) is rallying anew today, helped by an impressive financial forecast and more sell-side enthusiasm. In a note to clients today, Rosenblatt Securities analyst Bernie McTernan boosted his price forecast on the...
GAN Backend Boost Makes it Top Online Gaming Idea, Says Analyst
Bolstered by soaring demand for gaming services and technology, GAN Ltd. (NASDAQ:GAN) could be a winning idea for investors as the US online casinos and sports betting industries expand, according to a Wall Street analyst....
Penn National, Other Sports Betting Equities Slide After NFL Reveals Titans Coronavirus Cases
Penn National Gaming (NASDAQ:PENN) and other equities with sports betting exposure retreated Tuesday. That's after the NFL confirmed three Tennessee Titans players and five members of the team's personnel department tested positive for COVID-19. The...
BetMGM Overshadowed Sports Betting Player. Analyst Says It Shouldn’t Be.
BetMGM, the sports betting venture of MGM Resorts International (NYSE:MGM) and GVC Holdings Plc (OTC:GMVHF), enjoys the benefit of one of the gaming industry's most recognizable brands. But it's often overlooked relative to other online...
Caesars, William Hill Acknowledge Takeover Discussions Valuing Bookmaker Near $3.7 Billion
Caesars Entertainment (NASDAQ:CZR) and William Hill (OTC:WIMHY) are reportedly confirming advanced negotiations regarding a takeover of the British sportsbook operator, valuing the company at $3.69 billion. The Caesars Palace operator is reportedly making a cash...
