5133 stories by Todd Shriber
DraftKings Q3 Earnings Could Be Pinched by NFL Results, Says Analyst
Rough NFL start could weigh on DraftKings Q3 EBITDA There’s positivity around the operator’s parlay mix and structural hold Just two weeks into the 2025 NFL season and it’s becoming apparent that DraftKings (NASDAQ: DKNG), and likely its rivals, are reliving a...
Caesars Times Square Casino Rejected by Advisory Committee
The $5.4 billion Times Square casino proposal didn’t receive the needed two-thirds vote to move on to state regulators Vote marks the end for Caesars Palace Times Square Caesars Palace Times Square won’t come to life after a community advisory committee (CAC)...
Caesars, MGM Most Shorted Consumer Cyclical Stocks in August
Caesars, MGM favorite targets of short sellers in August Overall bearish bets against casino stocks declined last month Short sellers sank their teeth into Caesars Entertainment (NASDAQ: CZR) and MGM Resorts International (NYSE: MGM) last month, making the two casino equities the...
Bally’s Selling Rhode Island Casino for $735 Million, Will Lease Back Property
Property is one of two Rhode Island casinos operated by Bally’s The company previously executed a similar transaction with its Tiverton casino Gaming and Leisure Properties is buying the property and it will lease it back to Bally’s Bally’s is selling the...
Congress, SCOTUS Action Needed for Prediction Markets Clarity
Legal expert says Congress or the Supreme Court may need to act to bring clarity to prediction markets debate An alternative is states issuing uniform rulings Clarity could benefit gaming companies over yes/no exchanges It could take congressional action, a ruling by...
Super Group Stock Soars as Africa Bets Hit
It’s one of this year’s best-performing gaming stocks despite leaving the US market Africa supports the investment thesis Already one of this year’s best-performing equities, Super Group (NYSE: SGHC) landed a new fan Monday when a well-known sell-side analyst initiated coverage of...
Sports Betting Doesn’t Lead to Bankruptcies, Lower Credit Scores, Says Study
Study runs counter to previous ones showing declining consumer credit in OSB states PPI says credit scores rose slightly in “early adopter” states Regulated online sports betting (OSB) isn’t driving increased bankruptcy filings and declining credit scores in the states that permit...
Polymarket Mulling Capital Raise at $9 Billion Valuation, Kalshi at $5 Billion
Reports indicate Polymarket is considering raising capital at $9 billion valuation That’s well in excess of the $1 billion valuation at its last funding round Rival Kalshi is said to be mulling raising capital at a $5 billion valuation Prediction market behemoths...
Slips Rolls Out AI-Powered P-to-P Prediction Markets
Peer-to-Peer betting app company wades into prediction markets fray It’s an expansion of company’s Heads Up and Pools offerings Slips, the company behind a social gaming-infused peer-to-peer wagering application, announced it is rolling out prediction markets powered by artificial intelligence (AI). The...
MGM Director Meister Slightly Trims Stake in Casino Stock
MGM board member sold 242,000 shares of gaming stock this week His hedge fund Corvex Management still owns nearly 5.39 million MGM shares Keith Meister, the hedge fund manager who’s a member of the board of directors at MGM Resorts International (NYSE:...
