5359 stories by Todd Shriber
Red Rock Stock Could Be Boosted by Boomers, Big Beautiful Bill
It’s one of 2025’s best-performing casino stocks Baby boomer wealth, One Big Beautiful Bill, could propel the shares again in 2026 Durango expansion seen as contributing factor to potential 2026 upside Up nearly 37% since the start of 2025, Red Rock Resorts...
DraftKings Predictions Live in 38 States, Including California, Texas
The sportsbook giant launched its prediction markets platform on Friday It’s available in 38 states, including some where sports betting isn’t permitted, such as California, Georgia, and Texas Trades will be cleared through a CME Group exchange, not through Railbird DraftKings (NASDAQ:...
Bally’s Owner Standard General Could Make Run at CNN
Report suggests a Warner Bros. Discovery investor reached out to Soo Kim about potentially acquiring that company’s cable networks, including CNN. Kim founded Standard General, the hedge fund that owns Bally’s. The money manager is well-versed in the media industry. Talk about...
Illinois Sports Betting Tax Resulting in Fewer Bets, More Revenue for State
Illinois' per-bet tax is leading to reduced betting and more revenue for the state Other states unlikely to follow suit, says research firm Acknowledging the data should be consumed with grains of salt, a research firm points out that since Illinois implemented...
Rep. Hamadeh Says CNN/Kalshi Deal Threatens ‘Market Integrity, National Security’
CNN and Kalshi announced a partnership earlier this month Arizona congressman presses CFTC for answers on the deal Says CNN has a history of “partisan manipulation” Earlier this month, CNN and Kalshi announced that they’re teaming up, marking the first major media...
Coinbase Latest Big Brokerage Name to Enter Prediction Markets
Widely expected announcement arrived Wednesday. Cryptocurrency brokerage firm said it’s partnering with Kalshi. Coinbase is also adding stocks and tokenized assets to its platform. As was widely expected, cryptocurrency broker Coinbase Global (NASDAQ: COIN) announced Wednesday it’s pushing into prediction markets via...
Wynn UAE Casino Could Be Company’s Biggest Profit Driver
Wynn Al Marjan Island could eventually become biggest profit contributor to parent company, say CBRE analysts Venue could generate up to $230 million in annual licensing fees UAE casino could become the largest fee contributor in the Wynn portfolio Wynn Al Marjan...
Robinhood Leans Into Parlays, er, Combos in Prediction Markets Push
Robinhood discussed “prediction markets reimagined” at Tuesday event. Sports event contracts were front-and-center. Company unveiled new and upcoming parlay, player prop offerings. At a Tuesday investor event, Robinhood Markets (NASDAQ: HOOD) discussed “prediction markets reimagined” with sports event contracts, including parlays, seemingly...
Tribal Casino Leaders Push for Increased Oversight of Prediction Markets
At least one tribal gaming leader says sports betting through predictions violates laws He says the CFTC and the Commodities Exchange Act (CEA) don’t shield prediction markets from those violations A California tribal gaming leader is pushing for congressional action As prediction...
Las Vegas Sands Rating, Price Target Lifted by Goldman Sachs
Analyst says Marina Bay Sands has momentum Expects Sands to buy back $2 billion worth of shares Goldman analyst is also bullish on Wynn Resorts Already one of 2025’s best-performing casino stocks, Las Vegas Sands (NYSE: LVS) received some added support Monday...
