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Todd Shriber
5695 stories by Todd Shriber
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...
Report: Flutter’s FanDuel Lays Off ‘Several Hundred’ Employees
An internal company email explicitly confirms the staff reductions The headcount cuts arrive just a month after the departure of FanDuel CEO Amy Howe and are reportedly the third such cuts in less than a...
Pansy Ho Sells $140M in MGM Shares, Liquidating Stake in U.S. Parent’s Casino Stock
Ho remains the chairperson and a core shareholder of Macau casino operator MGM China Holdings Ltd The $140 million sale concludes a multi-year wind-down of her personal position in the U.S. corporate parent The final...
EDGE Markets Secures $29.2M Series A to Launch Prediction Market Banking Rails
The New York-based alternative fintech firm secured a $29.2 million Series A funding round led by prominent venture firm CoinFund The capital will fund the rollout of real-time deposit and payment rails designed specifically for...
Rush Street Interactive Set to Join S&P SmallCap 600 Index
The gaming stock is joining the widely followed small-cap gauge The stock more than doubled over the past year It’s actually a mid-cap stock as its market value is $6.08 billion Shares of Rush Street...
Casino Union UNITE HERE Urges Congress to Ban Sports Prediction Markets, Citing Threat to Jobs
The UNITE HERE union is calling on Congress to outlaw sports prediction contracts as the landmark crypto-focused CLARITY Act inches toward a floor vote Industry analysts warn that the pending crypto framework could inadvertently legitimize...
Robinhood Shifts World Cup Betting Volume to In-House ‘Rothera’ Exchange in Blow to Kalshi
Robinhood announced it will direct some World Cup event contracts through Rothera, its own prediction market That could affect the contract volume the company sends to partner Kalshi Rothera is a partnership between Robinhood and...
Penn Entertainment Faces Board Accountability Shake-Up as Key Proxy Firms Endorse Union Proposal
A nationwide labor union is pushing Penn shareholders to support declassification of the board Two major proxy advisory firms back the union’s proposal Penn’s annual meeting is on June 16 A labor union advocating that...
Accel Entertainment Buys Louisiana Truck Stop Casino
Accel is buying the Rice Palace Truck Stop Casino in Crowley, La. Deal fits with buyer’s geographic diversification efforts Accel says transaction is “accretive” Distributed gaming operator Accel Entertainment (NYSE: ACEL) said today (June 3)...
Texas Capital: Boyd Gaming Could Be Player for Caesars Assets Following Fertitta Takeover
Boyd Gaming is positioned to scoop up some casinos Caesars may sell according to analyst David Bain Boyd has ample “dry powder,” says Texas Capital analyst Management is “disciplined” and growth pipeline is “underappreciated” Boyd...
