5135 stories by Todd Shriber
PrizePicks Could Be Positioning Itself for Sale, Valuation May Be $2 Billion
DFS operator’s move to PVP model could be attractive to suitors Online betting firms could kick to the tires on PrizePicks Rival Underdog Fantasy’s recent valuation could be boon for PrizePicks Daily fantasy sports (DFS) operator PrizePicks has largely shifted to a...
Rio Las Vegas Lands $176.5 Million CPACE Loan
Peachtree Group provides $176.5 million in financing to Rio casino hotel There’s been unsubstantiated chatter about venue’s financial health Dreamscape Companies, the operator of the Rio Hotel & Casino, procured a $176.5 million Commercial Property Assessed Clean Energy (CPACE) loan from Peachtree...
DraftKings Could Buy Back $18 Billion of Stock Over 10 Years, Says Analyst
DraftKings is a product, technology leader in iGaming/sports betting industry Company could be a massive buyer of its own shares over the next decade DraftKings (NASDAQ: DKNG) could be a major buyer of its shares over the next 10 years, potentially retiring...
Peppermint Hippo Las Vegas Owner Could Become Public Company
In deal with Tradewinds Universal, Peppermint Hippo could become publicly traded gentlemen’s club stock Peppermint Hippo operates two Las Vegas gentlemen’s clubs In a unique deal that could make another cabaret operator available to public investors, Tradewinds Universal, Inc. (OTCID: TRWD) said...
Robinhood Rolls Out College Football, NFL Prediction Markets
Announcement arrives ahead of college football’s week zero Robinhood has a partnership with prediction markets operator Kalshi Robinhood Markets (NASDAQ: HOOD) announced Tuesday its Robinhood Derivatives, LLC (RHD) unit will offer prediction markets on the NFL and college football, potentially escalating competition...
Shohei Ohtani Interpreter’s Bookie Narcs on Friend for Lighter Fed Sentence
Matt Bowyer provided feds with information on his colleague and friend, Damien LeForbes Bowyer is said to have acted as though he wasn’t implicating LeForbes Bowyer was facing up to five years in prison, but received a sentence of 15 months for...
MGM Most Added Consumer Cyclical Stock by Hedge Funds in Q2
13F filings indicate MGM was a hedge fund favorite in Q2 It was the most added consumer cyclical equity by those money managers MGM Resorts International (NYSE: MGM) was the most added consumer discretionary stock by hedge funds in the second quarter,...
Hard Rock Queens Casino Has ‘Good Shot’ at Approval, Says State Senator
State senator says Cohen/Hard Rock bid has credible shot of approval Project is viewed as a leading contender for one of three downstate permits Politician opposes casinos in Manhattan A plan by Steven Cohen and Hard Rock International to bring a casino...
Circa, ESPN Bet Move to Minimums on Illinois Sports Bets
Moves in response to state’s recent tax increase on sports betting Circa’s $10 minimum is the largest announced to date Circa Sports and ESPN Bet joined a pack of rivals in announcing new minimums on sports wagers placed in Illinois, marking the...
Modo Casino Sponsoring No. 77 Car for Quartet of NASCAR Races
Modo is a social casino operator Company will be primary sponsor of the No. 77 car for four races Modo Casino and Spire Motorsports announced the gaming company will sponsor Carson Hocevar’s No. 77 car for four NASCAR races this year, starting...
