5445 stories by Todd Shriber
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...
Leveraged DraftKings ETF Closing After Just Seven Months on the Market
The leveraged ETF surprisingly failed to gain a following It has just $492,800 in assets under management It will be shuttered in March One of the first leveraged exchange-traded funds (ETFs) focusing exclusively on DraftKings (NASDAQ: DKNG) is heading to the ETF...
DraftKings Job Cuts: Why the Boston-Based Sportsbook Leader is Expected to Save $30M Annually
DraftKings is restructuring some roles, resulting in layoffs An analyst estimates the moves, potentially prompted by AI, could save the company approximately $30 million per year It’s the second round of layoffs at the gaming company, with the first occurring in 2023...
Prediction Markets Evolving Beyond Gambling, On Pace for $10B in Revenue
Citizens reiterates call for prediction markets to reach $10 billion in revenue by 2030 Research firm says industry is evolving beyond “consumer-oriented gambling technology” Sees pathways to improved institutional access Prediction market revenue is scaling alongside volume, indicating the nascent industry is...
Penn Adds Three Directors, Ends Proxy Fight with HG Vora
Regional casino operator is adding three directors That move increases the size of the board to 11 from eight It also ends a proxy battle with HG Vora Penn Entertainment (NASDAQ: PENN) today announced the appointment of three new directors, expanding the...
