5359 stories by Todd Shriber
UK Sportsbook Midnite Raises $35M in Funding Round Led by Raine
The gaming company raised $35 million in a Series C capital raise. Four previous investors also participated. Raine has extensive gaming investing experience. Midnite, a fast-growing UK-based online casino and sportsbook operator, said it raised $35 million in a Series C funding...
Goldman Sachs Hints at Prediction Markets Entry
CEO David Solomon met with leaders of two large prediction market companies He calls prediction markets “super interesting” He says the Wall Street bank has a team evaluating how the company can get involved Goldman Sachs (NYSE: GS), the largest Wall Street...
J&J Gaming Boosts Midwest Footprint in Midwest Amusements Deal
Distributed gaming operator makes big addition in its home region Midwest Amusements has more than 420 gaming devices across three states Distributed gaming company J&J Gaming said Thursday that it's acquiring Midwest Amusements LLC -- a transaction that bolsters the buyer’s Midwest...
Caesars Stock Trades at Historically Low Valuation, Says Analyst
The downtrodden stock is showing signs of life Analyst says lower-end Las Vegas leisure trends are stabilizing Interest rate cuts could boost the shares Following a dismal showing in 2025, Caesars Entertainment (NASDAQ: CZR) stock is up 6% to start 2026, and...
Interactive Brokers Sees 2026 Elections Boosting Prediction Markets
Brokerage house runs the popular ForecastEx prediction market. Company sees another boom sparked by 2026 midterm elections. Interactive Brokers (NASDAQ: IBKR), the company behind the ForecastEx prediction market, believes 2026 midterm elections will drive increased event contract activity. In an interview with...
Prediction Markets Have Sports Pricing Problems
A new report suggests prediction markets aren’t offering bettors improved prospects relative to what they get at standard sportsbooks Bettors’ effective costs are higher on most prediction markets Point was widely discussed over the course of the 2025 NFL season With sports...
Playtika to Cut Staff by 15%, Incur Charges up to $15 Million
Mobile gaming company says it will slash staff by 15% Expects to reinvest cost savings in growth initiatives Shares of Playtika (NASDAQ: PLTK) traded lower early Wednesday after the mobile gaming company said it will reduce its workforce by 15%, incurring costs...
Two Former Congressmen Join Prediction Markets Lobbying Group
Democrat Patrick Maloney joining as president and CEO Republican Patrick McHenry on board as a senior advisor The Coalition for Prediction Markets (CPM), the newly formed lobbying group for that budding industry, said Tuesday that two former congressmen are joining the coalition....
AGA, IGA Press Congress on Prediction Markets Sports Bets
Gaming trade groups say sports event contracts are “indistinguishable” from legal sports betting They say the prediction markets industry is exploiting inaction by the CFTC The American Gaming Association (AGA) and the Indian Gaming Association (IGA) are urging Congress to take action...
MGM Stock Downgraded on Lingering Las Vegas Casino Issues
Stock downgraded as analyst sees weak leisure demand trumping strong group calendar Analyst expects Strip EBITDAR to decline this year Says MGM needs to improve customer value proposition Shares of MGM Resorts International (NYSE: MGM) faltered Tuesday after a sell-side analyst downgraded...
