5446 stories by Todd Shriber
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...
GLPI Unlikely to Fully Finance Bally’s Bronx Casino
The REIT is interested in participating in providing financing for the Bronx casino It acknowledges Bally’s may have other financing options Gaming & Leisure is Bally’s primary landlord Gaming and Leisure Properties (NASDAQ: GLPI) is interested in providing financing for Bally’s $4...
States Likely to Keep Scoring Legal Wins Against Prediction Markets, Says TD Cowen
Bank says states positioned to continue legal success against prediction markets even with CFTC getting involved Kalshi scored a legal win in Tennessee this week TD Cowen believes Crypto.com Nevada case will advance to SCOTUS Kalshi won a preliminary injunction in Tennessee...
DraftKings, Flutter Among Top Consumer Cyclical Stocks to Buy, Says Morningstar
Both stocks are undervalued, says research firm Morningstar sees prediction markets gaining 3% of US online gaming market share by 2030 Analyst says DraftKings’ leading position in the US could be durable over the long-term Shares of sportsbook Goliaths DraftKings (NASDAQ: DKNG)...
Kalshi Scores Legal Win in Tennessee, Judge Rules Sports Event Contracts Are Swaps
Kalshi scores win in federal suit against Tennessee regulators Judge rules sports event contracts are swaps under Commodities Exchange Act Ruling arrives a month after judge issued a temporary restraining order against the state Following a lengthy losing streak in court, Kalshi...
Illinois Advances Bill to Prevent Chicago Sports Betting Tax Hike
House committee moves bill to block Chicago sports betting tax increase If passed, it’d confirm that gaming tax power rests with state lawmakers Illinois raised sports betting taxes in 2024 and 2025 Illinois lawmakers may have finally met a tax increase they...
Boyd Gaming Back with Another Dividend Hike
Boyd Gaming is raising its quarterly dividend by more than 10% Marks fourth consecutive dividend hike Las Vegas locals segment underpins fundamental outlook Boyd Gaming (NYSE: BYD) said today it is boosting its quarterly dividend to 20 cents a share from 18,...
Michigan Most Likely State to Raise iGaming, Sports Betting Taxes in 2026
Trio of states proposed raising gaming taxes this year Michigan viewed as most likely to do so, according to a research firm Whitmer is seeking Illinois-style sports betting tax scheme as well as increased iGaming levies To this point in the 2026...
Caesars Says ‘No’ to Prediction Markets…For Now
CEO Reeg says prediction markets are gambling Says company won’t participate in the industry in the current regulatory environment He’s open to it down the road if more regulatory clarity emerges Count Caesars Entertainment (NASDAQ: CZR) as a “no” and a hard...
Kalshi, Tradeweb Team Up to Expand Institutional Access to Prediction Markets
Tradeweb is also taking a stake in Kalshi The two companies will explore “an institutional-focused portal for event contracts” Partnership could bolster Kalshi’s footprint among institutional traders Tradeweb Markets (NASDAQ: TW), which runs electronic markets for a variety of financial instruments, and...
