5315 stories by Todd Shriber
Penn Justified in Reducing Board Size, Says Legal Committee; Vora Wanted to Sell Company
Legal committee says casino operator made “informed” decision to reduce board size That move resulted in a lawsuit by hedge fund HG Vora The special litigation committee is independent A special litigation committee formed by Penn Entertainment’s (NASDAQ: PENN) board of directors...
CNN Reaches Deal with Trump-Advised Kalshi
It’s the first major media partnership for Kalshi Reports surfaced on day it was confirmed Kalshi raised $1 billion Donald Trump Jr. is an adviser to Kalshi Cable network CNN and Kalshi reportedly have reached an agreement that will lead to prominent...
Accel Buys Nevada Route Operations in Earnings-Boosting Deal
Accel Entertainment is acquiring Nevada route operation assets of Dynasty Games Buyer says deal will lift 2026 earnings Accel Entertainment (NYSE: ACEL) said today its Century Gaming Technologies Nevada unit is acquiring the route operation assets of Dynasty Games, boosting its footprint...
Cathie Wood’s ARK Invests in Kalshi
Famed growth investor’s firm participated in Kalshi’s latest funding round The ARK Venture Fund now holds a stake in the prediction markets operator Kalshi isn’t the fund’s only prediction markets-related holding Cathie Wood’s ARK Investment Management announced that its an investor in...
Bally’s NYC Casino Win a $115 Million Victory for Trump, Company Could Sell Tropicana Rights
Bally’s recommended for one of three downstate casino licenses Should it win one of those permits, it will owe the Trump Organization $115 million Regional casino operator wants to build a $4 billion gaming venue in the Bronx Bally’s (NYSE: BALY) inched...
Blackstone Divests CityCenter Las Vegas Stake to Realty Income for $800M
Private equity firm acquired CityCenter real estate in 2021 The REIT is acquiring a preferred equity interest It’s Realty Income’s third casino deal and second with Blackstone Blackstone’s (NYSE: BX) Blackstone Real Estate Income Trust (BREIT) and Realty Income (NYSE: O) announced...
VICI Could Consider Lowering Rent on Caesars Regional Casinos, Says Analyst
REIT could mull lowering rent on Caesars regional casinos Analyst says rent is probably a bit too high A potential deal could involve the sale of a casino or other real estate Like the sword of Damocles, the regional master lease accord...
FanDuel Predicts: Ins and Outs of New Prediction Markets Entrant
FanDuel, CME rolling out sports event contracts this month FanDuel Predicts, a standalone app, will be available in states where FanDuel doesn’t offer traditional sports betting Some analysts believe FanDuel will rapidly become a prediction markets leader FanDuel Predicts, the prediction markets...
Macau Casino Stocks Could Rally Again in 2026
Macau casino stocks rally following better-than-expected November GGR report 2026 could be another good year for the group if GGR estimates prove too conservative Shares of Macau casino stocks surged Monday, extending what’s been an impressive 2025 rally following an estimate-beating November...
Kalshi Facing Class Action Suit Over Shady Sports Betting Practices
Plaintiffs in national class action believe Kalshi’s claims about superior odds compared to traditional sportsbooks are dubious Suit says Kalshi clients are actually betting against the house, dispelling notion of a purported peer-to-peer model Litigation claims Kalshi ran afoul of laws in...
