5588 stories by Todd Shriber
Report: MGM May Be Readying Another Entain Takeover Bid
Speculation is rife that MGM may be working with private equity companies on a bid for Entain It’s possible those finance companies may be interested in acquiring Entain on their own Entain is MGM’s partner on the hugely successful BetMGM joint venture...
Minnesota Could Be Next Stop for CFTC in Prediction Market Legal Fights
The CFTC is actively pursuing litigation against states suing prediction markets There’s speculation Minnesota is on the watch list Minnesota is pushing through anti-prediction markets legislation Federal regulators are dialing up the pressure on states that restrict prediction markets—and Minnesota appears to...
FanDuel CEO Amy Howe Departs in Shock Move as Prediction Markets Pressure and Slowing Growth Send Flutter Shares Tumbling
After nearly five years at the helm, Amy Howe’s tenure as the face of FanDuel has come to an abrupt end. Internal reports are swirling that Howe was forced out by parent company Flutter as the brand struggles to fend off new...
Rush Street Interactive Insiders Selling Stock, Company Adds $100M Buyback Plan
Three Rush Street Interactive insiders are selling up to 11.5 million shares The gaming company will absorb some of that supply by repurchasing $30 million of that equity The operator also announced a new $100 million share buyback plan Shares of Rush...
Report: Middle East Conflict Prompts Wynn to Consider Delaying UAE Casino Opening
Wynn Resorts is reportedly considering delaying the opening of its UAE casino resort due to the ongoing US/Iran war The $5.1 billion property is scheduled to open in the first quarter of 2027 Wynn Al Marjan Island will be the first regulated...
Las Vegas Sands Capitalizes on Credit Upgrade with $1B Bond Sale
ThS&P recently boosted its rating on the casino operator to BBB from BBB- That’s one of the highest grades among gaming companies Las Vegas Sands is selling $1 billion debt Las Vegas Sands’ (NYSE: LVS) credit rating was recently lifted to BBB...
Why Prediction Markets Are Still Ruled by Everyday Traders
80%+ of Polymarket users traded under $10,000 in Q1. Only a fraction of a percent reached six-figure volumes. Category expansion is now the primary lever for user growth. While prediction markets aim to attract institutional and whale capital, retail market participants continue...
Report: SEC Stalling Launches of Prediction Markets ETFs
Proposed ETFs were slated to debut this week. The SEC wants clearer details on fund operations and risk disclosures. Firms await approval to bring over 20 prediction market funds to market. The U.S. Securities and Exchange Commission (SEC) has reportedly delayed the...
Texas Capital: Melco Resorts Has Levers to Pull to Drive Shareholder Value
Shares of Melco Resorts are down 27.54% year-to-date Analyst says company has multiple avenues for creating shareholder value Those include a possible acquisition by the Hong Kong-listed parent Melco Resorts & Entertainment (NASDAQ: MLCO) shares are down 27.54% this year, but the...
Churchill Downs Stock Slips on Mixed Kentucky Derby Handle Report
All-sources Derby Week handle set a new record But handle for the Derby Day slate declined So did handle for the Run for the Rose itself Shares of Churchill Downs (NASDAQ: CHDN) slipped on Monday after a mixed wagering report for the...
