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Todd Shriber
5655 stories by Todd Shriber
Red Rock Trims 2025 Spending Plans by $25M, Stock Soars on Q2 Results
Company forecasting $325 million to $375 million in 2025 spending That’s down $25 million from prior estimates Stock surged after Red Rock posted its best quarter in its almost 50-year history Shares of Red Rock...
Caesars Touts Digital Strength as Las Vegas Casinos Lag
Company says Q2 was one of the best stretches yet for digital business Revenue at Las Vegas Strip casinos declined, but regional sales rose Shares of Caesars Entertainment (NASDAQ: CZR) declined in Tuesday’s after-hours session...
Fanatics Making iGaming, Sports Betting Inroads, Says Analyst
Fanatics chipping away at larger operators Promotional intensity is high, says analyst One of the prime examples of a duopoly in Corporate America is the one possessed by DraftKings (NASDAQ: DKNG) and Flutter Entertainment’s (NYSE:...
BetMGM Ups 2025 Guidance After Strong 1H, Sees $2.7 Billion in Sales
Online sportsbook operator has boosted guidance multiple times this year Expects a minimum of $2.7 billion in 2025 revenue BetMGM has again raised its 2025 financial guidance. On Tuesday, the operator said it expects a...
Golden Entertainment Stock Sports Golden Discount, Says Analyst
“Boring is not bad” as it relates to Golden stock, says analyst Las Vegas locals visitation remains robust Down about 7% year-to-date, Golden Entertainment (NASDAQ: GDEN) is lagging other operators with Las Vegas locals exposure,...
Betsperts Boosts Golf Betting Exposure With Fantasy National Buy
Two companies are golf betting/fantasy leaders Deal reached after Mayo reacquired Fantasy National Popularity of golf betting is rising Betsperts Golf, one of the leading providers of analytics and insights for golf bettors and fantasy...
Bally’s Targeting August to Bring $250M Chicago IPO to Market
Updated SEC filing indicates offering could roll out next month Previously controversial share sale still being reviewed by SEC Race-based requirement has been stripped Bally’s once controversial $250 million Chicago initial public offering (IPO) is...
Kalshi, Musk’s xAI Strike Deal Bringing Prediction Markets to Grok
Kalshi reaches deal with xAI two months after premature announcement Partnership includes using Grok for analysis of prediction markets News emerges after social media platform struck deal with Polymarket Prediction markets operator Kalshi and Elon...
Churchill Downs Unveils New $500 Million Buyback Plan
Share repurchase program announced in conjunction with Q2 results Replaces buyback plan announced in March Shares of Churchill Downs (NASDAQ: CHDN) are pointing higher Thursday after the gaming company reported mixed second-quarter results late Wednesday....
Some Sports Bettors Skip Bills, Including Rent, to Fund Wagers
U.S. News survey indicates some sports bettor are financially imperiled Bad habits include skipping bill payments, including rent, to fund wagers Some bettors are accumulating debt due to their wagering habit There’s financial downside to...
