5359 stories by Todd Shriber
DraftKings Investor Could Spark the Stock, Says Analyst
DraftKings holds its investor on Monday The stock is down 44.22% over the past year and 30.82% year-to-date Analyst says prediction markets commentary could be catalyst for shares With the stock down nearly 31% since the start of the year, Monday’s investor...
Bally’s Acquires Bronx Casino Land for $156.6 Million
Bally’s buys 16 acres on which a casino hotel will be built The land is part of acreage currently occupied by a golf course Company plans to spend $4 billion on Bronx casino project Bally’s reportedly now has control of 16 acres...
Churchill Downs Won’t Allow Prediction Markets Access to Kentucky Derby
Company says prediction markets need its consent to offer Derby event contracts Gaming firm hasn’t agreed to provide that authorization and doesn’t appear willing to When the Kentucky Derby takes place on Saturday, May 2, don’t expect to see event contracts tied...
Caesars Considering Buyout Bids, Including One From Tilman Fertitta
Caesars stock surged late Thursday amid reports multiple bidders are eyeing the company One of the prospective buyers is rumored to be Tilman Fertitta Other Las Vegas casino stocks moved higher in sympathy On the back of a late-day rally, shares of...
VICI Properties Mum on Caesars Regional Casino Negotiations
Casino REIT didn’t have much to say regarding talks with tenant Caesars VICI CEO says company is looking for “win-win” solution Weakness at Caesar regional casinos has been a problem for VICI stock Perhaps disappointing investors in both companies, VICI Properties’ (NYSE:...
Louisiana Purchase: Bally’s Buys Boyd Shreveport Casino
Boyd is selling Sam's Town Hotel & Casino in Shreveport, to Bally’s Financial terms not disclosed Deal expected to close in third quarter Boyd Gaming (NYSE: BYD) said today it reached an agreement to sell the Sam's Town Hotel & Casino in...
DriveWealth Adding Kalshi Event Contracts to Brokerage Platform
DriveWealth operates a business-to-business brokerage platform It’s integrating Kalshi event contracts so users of its platform can offer those derivatives to clients Prediction market behemoth Kalshi and brokerage firm DriveWealth are teaming up to bring Kalshi event contracts to the financial technology...
Kalshi Cracks Down on Insider Trading in Mr Beast Prediction Market
Prediction market operator is clamping down on insider trading One case involved an editor working for social media star MrBeast Another involved the California gubernatorial race Kalshi wants market participants and regulators to know it takes allegations of insider trading seriously, with...
Prediction Markets Not Displacing Sportsbooks, Says Fidelity Portfolio Manager
The manager of the Fidelity Select Leisure Portfolio is constructive on the US sports wagering industry The mutual fund holds shares of DraftKings and Flutter Entertainment Portfolio manager says prediction markets panic is an “overly simplistic” view While there’s more to the...
New York Fed Study Links Sports Betting Expansion to Falling Credit Scores
Federal Reserve Bank of New York highlights negative personal finance trends for some bettors in sports wagering-adjacent states Adverse outcomes include a downturn in credit scores and slight upticks in delinquencies Data implies that bettors in a non-legal state are willing to...
