5316 stories by Todd Shriber
Polymarket IPO Chatter Heats up Following Kraken Filing
Report suggests prediction market, crypto exchange have similarities Rumors recently surfaced Polymarket could raise capital at a valuation of up to $15 billion On Wednesday, cryptocurrency exchange operator Kraken filed a Form S-1 registration statement with the Securities and Exchange Commission (SEC),...
Casinos Driving Improving Indian Country Economies, Says Census Bureau
Poverty level tumbled following 1990s tribal casino expansion Tribal casinos increase employment, wages for people of all races, says study Congress passed the Indian Gaming Regulatory Act (IGRA) in 1988, paving the way for massive casino expansion on tribal lands in the...
Dana White Wants Netflix Special Where He Bets $30 Million at a Vegas Casino
White wants to do a Netflix show where he bets $1 million a hand on baccarat at a Las Vegas casino The UFC CEO’s gambling exploits are well-documented UFC CEO Dana White wants to leverage the league’s relationship with Netflix to get...
Wynn Macau, UAE Exposure Support Long-Term Stock Outlook
Wynn is one of this year’s best-performing casino stocks Geographic diversification is a big reason why It’s also the lone bright spot on the Las Vegas Strip Shares of Wynn Resorts (NASDAQ: WYNN) are up 39.61% year-to-date, easily making it one of...
Bally’s Colorado Casino Workers Cleared to Join Teamsters Union
Bally’s, Teamsters reach neutrality agreement Accord paves way for workers at Black Hawk, Colo. casinos to join union Those properties represent three of the operator’s four casinos in Colorado Bally’s and the International Brotherhood of Teamsters announced they reached a neutrality agreement,...
VICI Hit with Downgrade on Caesars Regional Casino Concerns
Caesars regional casino lease prompts downgrade of landlord Wells Fargo also voiced concern about softness in Las Vegas, regional markets Research firm mentioned dearth of “fee simple” deals Shares of VICI Properties (NYSE: VICI) slumped Tuesday after Wells Fargo downgraded the casino...
Resorts World Wants New York to Reevaluate Casino Tax Scheme
Resorts World New York wants the state to reconsider its offer to pay higher taxes Operator may ask the state to lower the tax rate imposed on it It could also push for higher levies on rival venues After offering to pay...
Harvard Endowment Makes Big Move Into Flutter Entertainment Stock
Big Ivy League endowment has big bet on big betting stock It appears to be a new position Endowment manager owns at least one other gaming name Harvard Management Company, the manager of the Ivy League university’s endowment, owns shares of FanDuel...
Hedge Funds Cut Casino Holdings, DraftKings Hit by Another Sell-Off
One well-known investor reduced his stake in Penn Entertainment Another trimmed his MGM position DraftKings was dropped outright by another hedge fund Form 13F filing season is now in full swing and the documents are confirming some well-known hedge fund managers are...
AQR’s Cliff Asness Hints the Hedge Fund May Enter Sports Betting
Billionaire investor said hedge fund could examine sports betting He admitted to cynicism regarding online sports wagering He didn’t elaborate on how AQR could get involved AQR Capital Management, the hedge fund co-founded by Cliff Asness, is mulling entry into the world...
