5564 stories by Todd Shriber
Jay-Z and Caesars’ $5 Billion NYC Casino Site Facing ‘Murky’ Future After Credit Downgrade
The building is owned by SL Green Times Square casino bid was rejected last year Site is already reeling from mass layoffs at broadcaster CBS ahead of Paramount/ Skydance merger Financial pressure is mounting at 1515 Broadway after a credit downgrade hit...
‘Political Insider Trading’: Kalshi Suspends 3 Candidates for Betting on Their Own Elections
Kalshi says two Democrats and one Republican traded on themselves on the platform, something which is prohibited under its rules A Democrat Senate candidate in Virginia says he traded on himself to prove a point The prediction market Kalshi has issued five-year...
Pritzker Issues Immediate Ban: State Workers Blocked from Prediction Market Bets
Illinois governor signs executive order prohibiting trading on nonpublic information Ban pertains to state employees, political appointees and members of agencies and boards California recently adopted a similar policy Gov. J.B. Pritzker banned Illinois state employees from betting on prediction markets today,...
Churchill Downs Strikes $85M Deal for Preakness Rights in Massive Triple Crown Power Play
Churchill Downs is buying Preakness Stakes intellectual property rights Buyer using cash on hand and an existing credit facility to fund the deal Transaction scheduled to close after this year’s running of the race In a historic move for American horse racing,...
Fitch: Resorts World NYC Well-Positioned to Weather Global Energy Price Spikes
Regional casino isn’t as dependent on air travel as other Genting venues Venue is expected to roll out table games later this year Oil surged Monday as President Trump signaled an end to the ceasefire this Wednesday, leaving the Strait of Hormuz...
Caesars Stock Jumps: Is a Massive $34-Per-Share Buyout Coming?
Caesars stock rose Monday on a report that takeover talks with Tilman Fertitta are ongoing A 45-day exclusivity period between the two sides recently expired Fertitta reportedly offered $32 a share for the casino operator Caesars Entertainment (NASDAQ: CZR) stock popped 2%...
Analyst: Bally’s Inviting More Risk Than Reward With Evoke Deal
Bally’s confirmed it’s in talks to potentially acquire Evoke Analyst says integration could be a “distraction” Risk-reward “skewed slightly negative” for Bally’s Bally’s has confirmed it is in talks to acquire struggling Evoke (EIHDF), though one analyst is already sounding alarms over...
Report: Polymarket Eyeing $400M Capital Injection
The prediction market operator is reportedly in discussion to raise $400 million at a $15 billion valuation That’s below rival Kalshi’s $22 billion estimated value Polymarket recently raised $600 million from Intercontinental Exchange Polymarket, which lays claim to being the world’s largest...
Bally’s Reportedly Close to Acquiring William Hill Owner Evoke
A deal could be announced in the coming days Evoke is under significant financial duress Bally’s reportedly has preferred bidder status UPDATE: April 20, 7am: Evoke PLC has confirmed it is in discussions with Bally's Intralot media speculation linking it with a...
VICI Properties in the Crosshairs: Why Activist Investors Are Circling the Gaming REIT
The casino owner is among the stocks appearing on those held by a swap broker Analyst speculates that the broker may be the go-to choice for activists looking to discreetly build positions in various companies No activist investor has overtly declared interest...
