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Todd Shriber
5638 stories by Todd Shriber
Bally’s Reaches $1.7B Chicago Casino Milestone, Eyes Spring 2027 Opening
Bally's reached the final phase of construction on its riverfront casino site. The $1.7 billion project is expected to create 3,000 jobs and boost local revenue. The site will include a 500-room hotel, a theater,...
Kalshi Restricts Ag Commodities Trading Hours Amid Industry Backlash
Event contracts on the platform typically trade 24/7 Kalshi agreed to move its agriculture commodities trading hours to match those of traditional exchanges The prediction market operator unveiled a dedicated commodities hub last month Kalshi,...
Analyst: Caesars Takeover Valuation Suggests MGM is Undervalued at $60
Caesars' rumored takeover price suggests MGM’s true fair value is closer to $60 a share—a nearly 50% premium over current market prices. The market is deeply discounting the gaming giant, offering a rare opportunity for...
Eilers & Krejcik: Kalshi Reaches Top 5 in U.S. Sports Betting
Kalshi reached an estimated $2 billion in March handle-equivalent volume, making it the fourth-largest U.S. operator by handle-per-adult. The prediction market platform is now operating at a larger scale than several major, established national sportsbooks,...
Penn Entertainment Board Structure Challenged by UNITE HERE Union
UNITE HERE is calling on Penn Entertainment to declassify its board elections. The union is requesting that all board seats become subject to annual elections rather than multi-year staggered terms. The proposal is expected to...
The Ultimate Portfolio Hedge? Why Wall Street Is Racing to Launch Election Prediction Funds
SEC filings indicate Roundhill and GraniteShares could roll out political prediction market ETFs in the coming days The Roundhill filing indicates an effective date of May 5 while GraniteShares filings show May 8 The funds...
New Orleans Scores $103M Lifeline: How a Huge Casino Rent Deal is Saving the City’s Budget
The city is taking an upfront payment of $103 million on nine years of rent on Caesars New Orleans An institutional investor is buying that portion of the lease The other 23 years on the...
Rush Street’s Casino Pivot Pays Off: How iGaming is Insulating RSI from the Prediction Market Boom
Rush Street Interactive isn’t feeling a prediction markets squeeze Its focus on iGaming is a big reason why The company says it’s catering to different clients Fresh off a record-smashing Q1 and a massive guidance...
Takeover Silence Speaks Volumes: Analysts Weigh in on the Battle for Caesars
No official updates from Caesars management on the $7 billion buyout speculation. Despite management's silence, M&A rumors remain the primary driver of investor attention. Analysts maintain a positive outlook, pointing to hidden value within the...
Rush Street Interactive Shares Soar on Record Revenue and Raised 2026 Guidance
The company raised its 2026 revenue outlook to $1.49 billion to $1.54 billion It now expects EBITDA of $230 million to $250 million RSI also easily beat first-quarter estimates Shares of Rush Street Interactive (NYSE:...
