5488 stories by Todd Shriber
Bally’s Tops Off $1.7B Chicago Casino, Sees Spring 2027 Opening
Bally’s says its permanent Chicago casino hotel has been topped off Regional casino operator says the venue is on pace to open in spring 2027 The $1.7 billion is the company’s most expensive to date Bally’s oft-criticized and, in the eyes of...
Kalshi Adjusts Ag Commodities Trading Hours Amid Industry Concern
Event contracts on the platform typically trade 24/7 Kalshi agreed to move its agriculture commodities trading hours to match those of traditional exchanges The prediction market operator unveiled a dedicated commodities hub last month Kalshi, the largest US prediction market operator, agreed...
Analyst: Caesars Takeover Valuation Suggests MGM is Undervalued at $60
Caesars' rumored takeover price suggests MGM’s true fair value is closer to $60 a share—a nearly 50% premium over current market prices. The market is deeply discounting the gaming giant, offering a rare opportunity for investors. This conservative estimate completely leaves out...
Eilers & Krejcik: Kalshi Reaches Top 5 in U.S. Sports Betting
Kalshi reached an estimated $2 billion in March handle-equivalent volume, making it the fourth-largest U.S. operator by handle-per-adult. The prediction market platform is now operating at a larger scale than several major, established national sportsbooks, including BetMGM and Caesars. While its volume...
Penn Entertainment Board Structure Challenged by Unite Here Union
Unite Here is calling on Penn Entertainment to declassify its board elections. The union is requesting that all board seats become subject to annual elections rather than multi-year staggered terms. The proposal is expected to be a focal point at the company’s...
The Ultimate Portfolio Hedge? Why Wall Street Is Racing to Launch Election Prediction Funds
SEC filings indicate Roundhill and GraniteShares could roll out political prediction market ETFs in the coming days The Roundhill filing indicates an effective date of May 5 while GraniteShares filings show May 8 The funds will hold event contracts tied to Democrat...
New Orleans Scores $103M Lifeline: How a Huge Casino Rent Deal is Saving the City’s Budget
The city is taking an upfront payment of $103 million on nine years of rent on Caesars New Orleans An institutional investor is buying that portion of the lease The other 23 years on the lease term aren’t affected Facing a critical...
Rush Street’s Casino Pivot Pays Off: How iGaming is Insulating RSI from the Prediction Market Boom
Rush Street Interactive isn’t feeling a prediction markets squeeze Its focus on iGaming is a big reason why The company says it’s catering to different clients Fresh off a record-smashing Q1 and a massive guidance hike, Rush Street Interactive (NYSE: RSI) watched...
Takeover Silence Speaks Volumes: Analysts Weigh in on the Battle for Caesars
No official updates from Caesars management on the $7 billion buyout speculation. Despite management's silence, M&A rumors remain the primary driver of investor attention. Analysts maintain a positive outlook, pointing to hidden value within the brand's digital and Las Vegas segments. True...
Rush Street Interactive Shares Soar on Record Revenue and Raised 2026 Guidance
The company raised its 2026 revenue outlook to $1.49 billion to $1.54 billion It now expects EBITDA of $230 million to $250 million RSI also easily beat first-quarter estimates Shares of Rush Street Interactive (NYSE: RSI) surged by nearly 20% in after-hours...
