5588 stories by Todd Shriber
Playtika Stock Soars as Company Announces Strategic Review
It’s the second time in four years the company announced a strategic review The mobile games developer hired Morgan Stanley to lead the effort Playtika cut staff earlier this year Playtika (NASDAQ: PLTK) shares surged on April 6 after the Israeli gaming...
Sands Downgraded By Jefferies Amid Premium Mass Push in Macau
Jefferies downgrades Las Vegas Sands to “hold” from “buy” Analyst says company’s near-term earnings profile lost some luster He reduced his price target on the stock by 15% Shares of Las Vegas Sands (NYSE: LVS) traded lower on April 6, after market...
Robinhood Success Could Stir Sportsbook/Brokerage M&A
Robinhood super app approach could spur similar moves in the sports betting space That could include gaming operators examining smaller digital brokers as possible takeover candidates Wallet value on the Robinhood super app is far higher than on traditional sports betting platforms...
Jeffries Analyst: Casino Landlords Among REIT Dividend ‘Hall of Famers’
Gaming and Leisure and VICI are among Jefferies’ REIT dividend hall of famers The duo appear on the research firm’s Elite Eight of real estate payout stocks GLPI advanced to the Final Four Borrowing some NCAA Tournament and other sports-related phrases, Jefferies...
Sensor Tower: Kalshi’s Rise Could Stoke Mid-Tier Sportsbook M&A
Kalshi experienced a boom in Q1 monthly active users, reports Sensor Tower Sportsbooks, including some large ones, lost ground Mid-tier sportsbook operators could consider combinations to protect market share Kalshi added monthly active users (MAUs) at a brisk pace in the first...
CFTC Sues Illinois Over State’s Plan to Regulate Prediction Markets
It’s the first time the feds have sued a state relating to prediction markets regulation Federal preemption is a cornerstone of the commission’s case against the state The CFTC wants the court to rule that federal laws supersede state gaming regulations The...
Analyst: DraftKings May Have Q1 Tailwinds But 2026 Guidance Reachable
A pair of upsets may have provided some relief for DraftKings Analyst lifts Q1 EBITDA estimate to $154 million Says company’s full-year guidance is attainable The NCAA's March Madness Tournament is likely to have a neutral impact on DraftKings’ (NASDAQ: DKNG) first-quarter...
Jefferies Analyst: Prediction Markets Likely Facing SCOTUS Loss in 2027
Jefferies analyst breaks down four scenarios in which Kalshi could notch losses in Supreme Court losses He ranks the risks of Kalshi losing those cases as “medium,” “high” and “very high” He adds the high court is likely to hear prediction market...
JPMorgan CEO Hints at Caveated Prediction Markets Entry
JPMorgan Chase CEO Jamie Dimon says bank is mulling prediction markets entry If that happens, the bank will not offer political or sports event contracts He says there are a lot of other event contracts the bank could avoid JPMorgan Chase CEO...
Diller’s IAC bolsters its MGM stake with $37m share deal
IAC recently boosted its MGM stake by one million shares Barry Diller’s company already owned about 23% of the casino giant The two latest transactions cost a combined $37.22 million Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC) recently upped its stake in MGM Resorts...
