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Todd Shriber
5694 stories by Todd Shriber
Benchmark Initiates Boyd Gaming with Buy Rating, $100 Target as M&A Loom
Analysts believe Boyd Gaming is perfectly positioned to cash in as a wave of merger-and-acquisition (M&A) activity sweeps the casino industry As rival casinos consolidate, Boyd’s highly coveted portfolio of Las Vegas Locals properties will...
Morgan Stanley: Avoid Macau Casino Stocks as Gaming Revenue Growth Grinds to a Halt
Macau casino stocks look cheap, but Morgan Stanley warns investors against rushing in while regional growth stalls The firm trimmed its 2026 Macau gaming revenue growth expectations to 5.3%, flagging expected lethargy in the second...
Report: UK Tax Pressure Forces Ladbrokes Owner Entain to Weigh Central Europe Exit
Entain is looking to defray costs related to U.K. gaming tax increases, according to multiple media reports The Central and Eastern European unit is EBITDA-positive Speculation suggests Entain could sell its stake in the business...
Citizens: DraftKings’ Prediction Market Venture Could Fuel $10B–$14B in Enterprise Value
Analyst sees massive prediction market opportunity for DraftKings Estimates event contracts could generate as much as $1.3 billion in revenue for the company by 2030, depending on market share A 30% share of the market...
Report: Prediction Market Kalshi Mulls Long-Term IPO After $22B Valuation Surge
Kalshi reportedly considering an initial public offering (IPO) It’s believed that won’t happen until late next year or early 2028 The company was recently valued at $22 billion Kalshi, the largest regulated prediction market in...
Schwab Joins Prediction Market Party, But Sports and Politics Aren’t on the Agenda
Charles Schwab is entering the prediction market business with yes/no derivatives on the S&P 500 Index The US brokerage firm is partnering with Cboe Global Markets Sports event contracts not part of the equation Charles...
Churchill Downs’ $85M Preakness Bid Thwarted by Maryland
The state of Maryland is exercising its right to buy the intellectual property rights of the Preakness Stakes Churchill Downs previously bid $85 million for those assets The state merely matched the gaming company’s offer...
DraftKings Prediction Volume Spikes 90% as World Cup Ignites Platform
The ongoing World Cup has driven an 87% surge in trading volume on the DraftKings Predictions platform since the tournament kicked off The global soccer event is serving as a massive customer acquisition vehicle, with...
GOP Rep. Steil Introduces Trump-Backed Bill to Ban Lawmakers From Prediction Markets
Steil, a Wisconsin Republican, introduces a provision to ban members of Congress and their families from trading political event contracts The proposal has the support of President Trump and House Speaker Mike Johnson Some political...
Stifel: Kalshi Commands 90% of U.S. Prediction Market, But Rivals Are Closing In
Kalshi continues holding dominant share of US prediction markets Regulated prediction volume jumped 21% to $20.4 billion in May DraftKings, Polymarket and others adding to already ultra-competitive landscape, with more parties looking to join in...
