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Todd Shriber
5694 stories by Todd Shriber
Stifel: Diller Likely Has to Bid Higher for MGM to Get Deal Done
Analyst says there’s “less internal support” for MGM takeover offer than the bid to acquire Caesars MGM shares trade above Diller’s offer price, implying investors expect a revised bid There’s downside risk should offer be...
JP Morgan: MGM’s Japan Casino Asset Alone Worth $19 Per Share
JPMorgan estimates that MGM Osaka could add up to $31 per share in long-term value once fully operational Analysts cite Singapore’s highly lucrative Marina Bay Sands as the closest structural blueprint for Osaka’s revenue potential...
Stifel: Penn May Be a Winner as Casino M&A Heats Up
Recent high-profile takeover bids for rivals Caesars and MGM support a highly favorable "valuation floor" for Penn Entertainment stock While not a buyer for whole companies, Penn could selectively buy specific regional casino properties that...
Flutter To Exit London Listing as New York Becomes Primary Market
Flutter Entertainment will pull its shares from the London Stock Exchange in August News comes about two years after the company made New York its primary listing venue New York will be the gaming stock’s...
Study: Americans Traded Up to $34B on Banned Offshore Prediction Markets
The Coalition for Prediction Markets (CPM) estimates that U.S. residents have traded up to $34 billion on illegal, unregulated offshore platforms Group estimates that figure could quadruple by 2030 Polymarket accounts for the bulk of...
New Jersey to Scrutinize Fertitta’s $17.6 Billion Caesars Bid
New Jersey regulators have already pledged to review the proposed acquisition Other state regulators are likely to follow suit The combined company would control four Atlantic City casinos New Jersey regulators have pledged to examine...
CFTC Takes Aim at Event Contracts Linked to Terrorism, War
First proposed CFTC rule aimed specifically at prediction markets 45-day public comment period will follow publication of the proposal Trump has pledged to implement broader prediction-market regulations In its first proposed rule aimed specifically at...
FanDuel Predicts Expands Event Contracts Through Crypto.com Deal
Through a partnership with Crypto.com, FanDuel Predicts is expanding its event contract offering Deal includes addition of entertainment and sports event contracts Partnership will run through Crypto.com’s OG Prediction Markets FanDuel Predicts, the prediction-market arm...
Tax Policy Center: Prediction Markets Could Ding State Wagering Revenue
Prediction markets are pulling bettors away from traditional gaming, threatening state tax revenue Highly exposed sports-betting states face the sharpest potential budget deficits Lawmakers are already shifting policy, with state-level prediction market taxes gaining momentum...
DraftKings Shares Surge as May Prediction Market Volume Jumps
DraftKings said its prediction market volume surged 24% month-over-month in May On an annualized basis, that’s a 34% increase Investors liked the news, sending the stock higher Shares of DraftKings (NASDAQ: DKNG) rallied on Tuesday...
