Areas of Expertise
5079 stories by Todd Shriber
Sands Earnings Could Be Lifted by Singapore Casino Expansion
Marina Bay Sands’ $8 billion expansion could be accretive to operator’s earnings That would allow Las Vegas Sands to reduce leverage, says Moody’s Las Vegas Sands (NYSE: LVS) recently commenced an $8 billion expansion of its Marina Bay Sands casino resort in...
Flutter Branding Provides Buffer in Prediction Markets Fight
Flutter’s brand advantages, including FanDuel, “intact” amid rise of prediction markets Analyst cites international exposure, strong balance sheet as other favorable factors With investors fretting about the intersection of football and prediction markets, shares of Flutter Entertainment (NYSE: FLUT) are off 15.72%...
Polymarket Taking Bets on Possible DraftKings Prediction Markets Acquisition
Polymarket has a market on DraftKings potentially buying Railbird It calls for traders to wager on a deal being announced or not by October 31 DraftKings (NASDAQ: DKNG) is feeling prediction markets heat and Polymarket knows it. So much so that the...
Caesars an Undervalued Stock to Buy in Q4, Says Morningstar
Caesars stock has been drubbed this year and its Q4 start is ugly Morningstar says the shares are undervalued and worth owning in the fourth quarter Amid slumping Las Vegas Strip visitation, shares of Caesars Entertainment (NASDAQ: CZR) are off 26.24% year-to-date....
NYSE Owner ICE Invests $2 Billion in Polymarket at Valuation of Up to $10 Billion
Polymarket's valuation soars to $9 billion to $10 billion Exchange operator is investing $2 billion in Polymarket at a preinvestment valuation of $8 billion ICE owns the New York Stock Exchange Prediction markets operator Polymarket’s valuation swelled as high as $10 billion...
DraftKings Prediction Markets Entry Could Soon Materialize, Says Analyst
DraftKings considering variety of prediction market avenues, news could soon emerge, says Jefferies analyst State regulators loom large in that equation With DraftKings (NASDAQ: DKNG) stock down 16% over the past week and September hold likely to disappoint amid a spate of...
Sharp Alpha Unveils New $150M Fund Targeting Online Betting, Sports, More
Firm is looking to deploy $150 million in capital over the next two years Company is targeting stakes in online entertainment and wagering entities Sharp Alpha has previously invested in betting companies Sharp Alpha said it closed a new investment vehicle after...
DraftKings Has ‘Significant Downside,’ Could Tumble to $14, Says Short Seller
Spruce Point estimates stock could fall another 35% to 60% Short seller says analysts are reluctant to lower earnings estimates on DraftKings DraftKings, other gaming companies forced to wait as prediction market litigation plays out DraftKings (NASDAQ: DKNG) is on pace to...
Sports Betting Proliferation Bad for Society, Says Pew Poll
Americans are increasingly negative on sports betting expansion Despite gloomy perceptions, 22% of respondents bet on sports in past year When Missouri joins the party later this year, sports betting will be legal in 39 states, Puerto Rico, and Washington, DC, but...
Kalshi Could Leverage Soaring Valuation as Acquisition Currency
Rumors suggest Kalshi is pursuing a $5 billion valuation Company could use equity as currency for sports betting-related acquisitions Kalshi is believed to have approached a sports-centric rival in recent weeks Last month, reports surfaced that prediction markets Goliath Kalshi is considering...