5133 stories by Todd Shriber
DraftKings Sold at Least $100M in Stock, According to SEC
Stock sale could be tied to recently announced Railbird acquisition Regulatory document indicates DraftKings sold “over $100 million” of equity DraftKings (NASDAQ: DKNG) appears to be have sold of over $100 million worth of stock, according to a new regulatory filing. A...
Gambler R.J. Cipriani Scores Legal Win in Resorts World Las Vegas Case
Ninth Circuit Court sends case against Resorts World back to lower court Appellate court says district court “abused discretion” in application of legal estoppel Case against former executive Sibella was dismissed R.J. Cipriani, a well-known gambler, scored a win in a lengthy...
Winklevoss Twins’ Crypto Exchange Eyeing Prediction Markets Entry
Gemini Space Station, the brothers’ cryptocurrency exchange, is reportedly looking to get into the prediction markets fray The company recently went public and applied for designated contract market (DCM) status in May Its prediction markets launch could be imminent Gemini Space Station...
Crypto.com, Robinhood Launching Entertainment Event Contracts
Brokerage firms make announcements within a day of each other Crypto. Com is partnering with Hollywood.com Robinhood continues expansion of prediction markets menu Crypto.com and Robinhood Markets (NASDAQ: HOOD) are betting entertainment and pop culture event contracts will be gain traction with...
DraftKings, Flutter Drubbed by Bank of America Downgrades
DraftKings, Flutter extend declines on Bank of America downgrades Bank sees bumpy hold patterns emerging Analyst also mentions tax risks Shares of sportsbook giants DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) extended recent weakness on Tuesday after Bank of America (BofA)...
Caesars Downgraded, Waning Confidence in Casino Growth, Says Analyst
Slumping stock downgraded by Jefferies Confidence in land-based casino growth is “low,” says analyst Caesars could be forced to raise capital Already mired in a lengthy slump, shares of Caesars Entertainment (NASDAQ: CZR) faltered anew on Tuesday after a sell-side analyst downgraded...
In US Return, Polymarket Taking Fee Fight to Kalshi
Polymarket poised to have lower trading costs than rival Kalshi It’s not clear if the fee schedule will be a permanent fixture Polymarket aiming to be live in the US by the end of November Prediction markets operator Polymarket is readying a...
Red Rock Stock Pullback May Be Buying Opportunity, Says Analyst
Stock endured a brutal October Pullback makes it more attractive on valuation Red Rock is one of the top growth stories among casino stocks, says analyst Red Rock Resorts (NASDAQ: RRR) stock endured a dismal October, retreating more than 10% -- a...
VICI Admits Caesars Regional Casinos Lease Has Been ‘Overhang’
Landlord admit issues with Caesars regional casino master lease are among factors weighing on its stock REIT mentions possibility of acquiring Caesars Convention Center on Las Vegas Strip Says its working with Caesars resolutions to regional lease concerns Shares of VICI Properties...
Resorts World NY Ups Casino MTA Forecast to $2.5 Billion
Queens casino expects to send $2.5 billion in taxes to MTA over the next four years That exceeds the $1.8 billion in MTA contributions expected from three downstate casinos Higher forecast attributed to Resorts World New York’s debut date as a traditional...
