Main menu
Todd Shriber
5655 stories by Todd Shriber
Kentucky Derby Betting Sets Record, EBITDA Slightly Off 2024 Pace
Churchill Downs said all-sources Kentucky Derby betting set another record TwinSpires’ handle also notched all-time highs Sovereignty won the 151st edition of the “run for the roses” Despite poor weather and what some analysts are...
Legal Group Touts Victory in Bally’s Chicago IPO Saga
Group sued Bally’s, Chicago over exclusion of white men from planned casino IPO Casino operator recently updated IPO prospectus to be race-neutral A conservative legal group representing the plaintiff in a suit against Bally’s (NYSE:...
Red Rock Details $120M Durango Expansion, Unveils Special Dividend
Says Durango on pace to be one of its “highest-margin properties” Expansion includes 25,000 square feet of new casino space Operator declared special dividend of $1 per share Shares of Red Rock Resorts (NASDAQ: RRR)...
Layup Looks to Combine Parlays with Saving Money
Company offers unique spin on parlay betting with a savings kicker Deposits are saved, not wagered Bettors love parlays, but the real winners in those long odds wagers are sportsbook operators. A financial technology (fintech)...
Sporttrade, with State Licenses in Tow, Asks CFTC for National Approval
Sports prediction market seeking permission to operate nationally It’s the first sports-only derivatives shop to seek such approval To avoid what it describes as potential “irreparable harm,” sports betting exchange operator Sporttrade is asking the...
Bet365 Reportedly in Talks on Sale at $12 Billion Valuation or IPO
Company is said to be holding talks with US bankers Options include an IPO or asset sales Bet365 is rumored to be holding talks with US investment bankers regarding a possible sale of the gaming...
MGM to Repurchase $2 Billion in Stock After Feasting on Shares in Q1
Casino operator announces new $2 billion repurchase program Says it bought back 15 million shares in the first quarter MGM Resorts International (NYSE: MGM) will remain a dedicated buyer of its stock with the largest...
LVS Selling Notes to Refi $500M in Debt, Possibly Repurchase Stock
Casino operator will refinance $500 million of old debt Some proceeds could be used to buy back stock Offering not officially priced as of yet Las Vegas Sands (NYSE: LVS) filed a prospectus with the...
Penn Entertainment Admits ESPN Bet is Disappointing
CEO Jay Snowden admits to sports betting disappointment in letter to investors Company looking for ways to “unlock full value” of ESPN relationship Penn Entertainment’s (NASDAQ: PENN) ESPN Bet sports betting brand isn’t where the...
Caesars CEO Says Monetization of Digital Unit Still on the Table
Caesars boss says digital unit performing well, but it’s not reflected in share price Options for monetization still possible, but he stopped short of saying “spin-off” Caesars Entertainment (NASDAQ: CZR) delivered first-quarter results late Tuesday...
