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Todd Shriber
5786 stories by Todd Shriber
DraftKings Enthusiasm Grows, Another Analyst Forecasts $65
DraftKings' (NASDAQ:DKNG) growth prospects continue luring bullish commentary on Wall Street, with Argus Research analyst John Eade joining the party with a positive view on the sportsbook operator. That's even though he acknowledges a lengthy...
Tekkorp Digital Joining Gaming SPAC Party, Eyes $300 Million IPO
Tekkorp Digital Acquisition is adding to the already brisk pace of special purpose acquisition companies (SPACs) with ties to the gaming industry looking to go public this year. It has revealed in a filing with...
Trip.com Aiding Macau Recovery, Doling out $22 Million in Travel Vouchers
Trip.com (NASDAQ:TCOM), the Chinese online travel reservations provider, is doing its part to help Macau's tourism-dependent economy rebound. They are offering $22 million worth of discounts to residents of mainland China to use when booking...
William Hill Confirms Receiving Apollo, Caesars Takeover Overtures
Shares of William Hill (OTC:WIMHY) are higher by 40 percent in midday trading Friday. That's after the sportsbook operator confirmed private equity firm Apollo Global Management (NYSE:APO) and Caesars Entertainment (NASDAQ:CZR) each approached the UK-based...
DraftKings Could Use Amazon, Netflix Playbook to Garner Dominant Market Share, Says Analyst
DraftKings (NASDAQ:DKNG) could use templates set forth by other well-known growth companies in their early stages as it moves to garner top-two positioning in the burgeoning iGaming and sports betting markets, according to an analyst...
Penn National Capitalizing on Hot Stock with Secondary Offering, Investors Balk
Penn National Gaming (NASDAQ:PENN) slumped Thursday after the company said it's selling 14 million shares of equity. It's a move that will raise capital, but also dilute current investors. On the news, the stock is...
Colorado Sports Betting Continues Hot Streak, August Handle More Than Doubles
August was just the fourth month in which sports wagering was live and legal in Colorado. But the Centennial State is showing it's a force to be reckoned with in the West, as its total...
DraftKings, Penn National Chasten Bearish Traders
Broadly speaking, gaming equities are profitable for short sellers this year, owing in large part to first-quarter slumps prompted by the coronavirus pandemic. But DraftKings (NASDAQ:DKNG) and Penn National Gaming (NASDAQ:PENN) are among the names...
Macau Recovery Depends on Mass Market, VIPs ‘Under Pressure,’ Says Credit Suisse
Rebound hopes for Macau's still ailing gaming industry lie squarely with mass market players, as tighter regulatory controls potentially crimp VIPs, according to Credit Suisse. Beijing is cracking down on junkets and money transfer channels...
Barstool Sportsbook Trounces App Download Marks Held by DraftKings, FanDuel
Despite just a single state launch, Penn National Gaming's (NASDAQ:PENN) Barstool Sportsbook app throttled records previously held by rivals DraftKings and FanDuel. The much-ballyhooed sports betting platform, a collaboration between Penn National and Barstool Sports, had...
