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Todd Shriber
5655 stories by Todd Shriber
Montana Lottery Says 142 Businesses Sports Betting Ready, Still Eyeing Early March Launch, $1,000 Max Bet Policy in Place
The Montana Lottery Commission said 142 businesses across the state now have sports betting licenses, but it will be a little while longer before they can take action from gamblers. The lottery continues installing sports...
Eldorado Procures Maryland Approval For Caesars Takeover, Expects Deal Will Finalize Early Q2
Eldorado Resorts, Inc. (NASDAQ:ERI) has landed another state regulatory approval in its quest to acquire rival Caesars Entertainment Corp. (NASDAQ:CZR), as the Maryland State Lottery & Gaming Control Agency said Thursday it's signing off on...
FanDuel Creators Cry Foul in KKR, Shamrock Suit, Private Equity Firms Sing Different Tune
Founders and early stage employees and funders of daily fantasy sports (DFS) giant and sportsbook operator FanDuel are continuing a legal challenge against KKR and Shamrock Capital. They are alleging those firms left the company's...
Eldorado Resorts Remains Analyst Favorite as Company Sees More Caesars Levers to Pull
Eldorado Resorts, Inc. (NASDAQ:ERI) continues to be a favored name among Wall Street analysts, as the regional gaming company closes in on finalizing its $17.3 billion takeover of Caesars Entertainment (NASDAQ:CZR), a deal expected to...
Coronavirus Crushes Casino Stocks, MGM, Wynn Resorts Approach 52-Week Lows
Travel and leisure stocks are getting pounded Thursday amid concerns that the novel coronavirus will spread in the US. The fears are being exacerbated by a confirmed case in California involving a patient that did...
Caesars Entertainment Shaping up Nicely in 2020 Supported by Sin City
In what could be its final earnings reports as a standalone company, Caesars Entertainment Corp. (NASDAQ:CZR) didn't offer up much in the way of specific estimates. But management appears enthusiastic about Las Vegas, a sentiment...
Century Casinos Pleasant Surprises Brewing Amid US Focus, UK Divestment
Century Casinos (NASDAQ:CNTY) is gaining favor among analysts, as the company turns its focus to the US and looks to rid itself of a lagging UK property. Entering 2019, the company had just two US...
Macau Gaming Revenue: Awful This Month, Not Much Better in March, Say Analysts
Macau casinos reopened last week after being shuttered for 15 days because of the novel coronavirus outbreak. But analysts are forecasting epic declines in gross gaming revenue (GGR) for February and March. Although gaming properties...
Boyd Gaming Garners More Bullish Commentary, But Not Enough to Stem Big Decline
Shares of Boyd Gaming (NYSE:BYD) are lower by more than six percent in midday trading, as gaming stocks are following the broader market lower amid intensifying fears that the COVID-19 virus is getting worse and...
Citadel Advisors, Others Break From Hedge Fund Pack, Short Sports Betting Stocks
With headlines touting the growth of the US sports betting market emerging on a regular basis, it would appear risky to bet against the related equities. But that's exactly what some hedge funds are doing....
