5134 stories by Todd Shriber
Bally’s Wraps Up Chicago IPO, 1,800 Investors Participated
Regional casino operator closes Chicago IPO Majority of participating investors hail from the city Bally’s said it closed its Chicago initial public offering (IPO), the first of what could be multiple placements aimed at generating capital for the operator’s $1.7 billion casino...
3G Capital Departs DraftKings, Tepper Exits Wynn
Hedge fund eliminates its DraftKings stake It was a small investment, just 70K shares at the end of Q2 Shares of DraftKings (NASDAQ: DKNG) ticked slightly lower in Thursday’s after-hours session perhaps due in part to a regulatory filing indicating 3G Capital...
Sports Parlays Should Be Among Next Frontiers for Prediction Markets, Says Venture Investor
Sports parlays are described as high-frequency, high-leverage events for prediction markets Those companies aren’t yet offering such wagers Moneyline bets are seen as low leverage with smaller market outcome value If there’s one thing that could intensify the growing competition between prediction...
Einhorn Boosts Penn Entertainment Stake in Big Way
Hedge fund manager significantly increased stake in casino stock in Q2 Move comes after firm boosted Penn position in Q1 For the second consecutive quarter, David Einhorn’s DME Capital Management increased its stake in regional casino operator Penn Entertainment (NASDAQ: PENN). A...
Zero Edge Founder Kim Facing DOJ Fraud Charges
Internet casino founder allegedly gambled away investors’ money He wagered on Shuffle and lost investors’ cash on various crypto exchanges Richard Kim, the founder of cryptocurrency casino Zero Edge, is facing securities and wire fraud charges brought by the Department of Justice...
Red Rock Bonds Enticing on Las Vegas Casino Strength, Says Research Firm
Red Rock corporate bonds are supported by strength in the Las Vegas locals segment Research firm highlights North Fork management accord as potential catalyst Shares of Red Rock Resorts (NASDAQ: RRR) are higher by nearly 35% year to date, easily good for...
New ETFs Offer Leveraged Bets on DraftKings Stock
New ETFs aims to deliver 200% of the daily returns of DraftKings stock These ETFs could prove popular with risk-tolerant retail traders For traders seeking amplified near-term gains on heavily traded DraftKings (NASDAQ: DKNG) stock, there’s a pair of new exchange-traded funds...
Penn Draws Analyst Praise Following Joliet Casino Debut
Penn hosted Tuesday investor event at its revamped Joliet, Ill. casino Venue was previously a riverboat casino It’s one of Penn’s four major capital projects Penn Entertainment (NASDAQ: PENN) opened the doors to the Hollywood Casino in Joliet, Ill. Monday, ending a...
Novig Raises $18 Million in Series A Funding Round
Five investors participated in capital raise Novig operates a peer-to-peer sports prediction market Novig, the operator of a US peer-to-peer sports prediction market, announced it raised $18 million in a Series A funding round, the latest sign institutional investors are willing to...
Melco Resorts Could Solidify Premium-Mass Share with New Projects
New projects could be catalysts for resurgent stock Research firm sees Melco shares as undervalued Buoyed by a rebound in Macau gross gaming revenue (GGR), shares of Melco Resorts (NASDAQ: MLCO) are higher by almost 51% year to date, but that doesn’t...
