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Todd Shriber
5786 stories by Todd Shriber
Las Vegas Sands, MGM, Other Gaming Stocks Pounded Amid Renewed COVID-19 Fears
Gaming equities are following broader markets lower Monday, as investors fret about the potential of another wave of coronavirus cases in the US. Specific to travel and leisure stocks, Wall Street is growing pensive regarding...
HG Vora Buys $149 Million William Hill Stake, Stokes Sale Chatter
HG Vora Capital Management, an activist hedge fund with long-running experience in gaming equities, has reportedly bought 5.1 percent of William Hill's shares outstanding (OTC:WIMHY). The deal, valued at nearly $149 million, fuels speculation the...
Barrett Leads SCOTUS Nominee Race, Lagoa Contending, Say Betting Markets
Amy Coney Barrett is the front-runner to replace the late Ruth Bader Ginsburg on the Supreme Court of the United States (SCOTUS). But the Seventh Circuit Court of Appeals judge could be credibly challenged by...
Macau, US Regionals Leaving Vegas Behind in Gaming Recovery
Gaming companies' coronavirus recovery efforts hinge largely on geographic exposure. Those relying on the Las Vegas Strip are likely to lag rivals with significant Asia-Pacific or domestic regional footprints, according to Fitch Ratings. With a...
MGM Dented by Another Downgrade, Analyst Sees Vegas Volatility
It's been a week of downgrades for MGM Resorts International (NYSE:MGM). The stock suffered its second lower revision in three days Wednesday, with the Las Vegas Strip looking like the primary culprit. In a note...
Wynn Resorts Stuck in Neutral Amid Macau VIP Risk, Says Analyst
Shares of Wynn Resorts (NASDAQ:WYNN) are lower by more than two percent Wednesday after Roth Capital analyst David Bain downgraded the gaming operator, citing, among other factors, risk in the marquee Macau market. In a...
Barstool Sportsbook Launches in Pennsylvania with Data, Tips from GTG Network
Penn National Gaming's much-ballyhooed Barstool Sportsbook is live in Pennsylvania today, and the betting platform debuts featuring data and trend analysis, courtesy of GTG Network. Australia-based GTG parses trillions of data sets across an array...
Las Vegas Sands, SJM Holdings Seen Gaining Macau Market Share
With new gaming and lodging offerings soon coming online, Sands China and SJM Holdings could gain market share from rival Macau operators, say analysts. The world's largest gaming center is still struggling with the effects...
DraftKings Draws Applause as Analysts Fawn Over ESPN Agreement
DraftKings (NASDAQ:DKNG) stock is trying to extend a rally that started Monday, fueled by news of a wide-ranging agreement with ESPN. Today, sell-side analysts are chiming in on the deal, stoking elevated activity in the...
Score Media Wins Toronto Stock Exchange Promotion, Shares Surge
Score Media and Gaming, the operator of theScore and theScore Bet, said today its stock is graduating from the Toronto Venture Exchange to the more traditional Toronto Stock Exchange (TSE). Score's shares currently listed on...
