5588 stories by Todd Shriber
Sportsbooks Slashing Post-Super Bowl Promo Spending
February promotional spending is down dramatically in at least six states Post-Super Bowl pruning is typical, but 2026 declines are large Just two operators increased promotional expenditures last month With football being the most wagered on sport in the US, it’s not...
Codere Online May Be Buyout Target Amid Parent Company Takeover Rumors
Spanish media reports suggest Codere Group is a takeover target That could stoke buyout interest in Codere Online Prospective buyers of Codere Group could look to simplify the corporate structure Amid speculation that Codere Gaming (CG) is positioning itself for a sale,...
Massachusetts Dem Bans Staff from Using Prediction Markets
Moulton is the first member of Congress to take such action The ban applies to all of his staffers, including those working in the Massachusetts district he represents He says prediction markets “are playgrounds for corrupt insiders” Rep. Seth Moulton (D-MA) is...
Penn Poised for Improving Finances in 2026, Says Credit Analyst
Revamping of multiple regional casinos helps the outlook So does an improving picture for the company’s digital gaming unit Lease-adjusted leverage currently resides at 7x In somewhat quiet fashion, shares of Penn Entertainment (NASDAQ: PENN) are up nearly 16% over the past...
New York City Casinos Seen Posting up to $5.6B in Annual Revenue
Research firm says that’s the bull case scenario for the three licensees The bulk of that estimate is based on gaming revenue with some contributions from non-gaming sources The base case scenario is $4.7 billion in annual revenue The three New York...
Robinhood Sees Prediction Markets Evolving Beyond Sports
Brokerage firm aiming to be a prediction markets leader Company could build-out prediction platform with wider-ranging institutional capabilities Analyst says international expansion could be in the cards Robinhood Markets (NASDAQ: HOOD) is aiming to be a prediction markets while expanding its yes/no...
Kalshi Expands Insider Trading Rules With Athlete, Politician Screens
The prediction market operator is expanding its insider trading protocols Those include “preemptive” athlete and politician screening The move comes as senators attempt to ban sports event contracts Kalshi, the largest prediction market operating in the US, announced a sweeping set of...
Caesars Takeover Could Spark New Wave of Casino Deals, Says Analyst
If a Caesars takeover happens, it could be “the first of many” in the casino industry, says Truist analyst Jonas Due to Caesars being a high-profile operator, boards at other gaming companies may be compelled to weigh takeovers Caesars has been bought...
Retail Traders Lose Out to ‘Sharks’ on Prediction Markets, Says Analyst
Fresh data confirm that retail traders on prediction markets are losing more than sports bettors Sharp bettors are utilizing prediction markets to their advantage Crossover players aren’t valuable sportsbook clients, says analyst New data confirm that retail prediction markets traders fare worse...
Betting Stocks Rally on Senate Bill Aiming to Halt Sports Prediction Markets
Shares of DraftKings, Flutter, and rivals popped on Monday on news of a Senate bill that would prohibit sports event contracts The bill will reportedly be introduced by a Democrat and a Republican, confirming bipartisan support During football season, some experts said...
