5359 stories by Todd Shriber
Leveraged DraftKings ETF Closing After Just Seven Months on the Market
The leveraged ETF surprisingly failed to gain a following It has just $492,800 in assets under management It will be shuttered in March One of the first leveraged exchange-traded funds (ETFs) focusing exclusively on DraftKings (NASDAQ: DKNG) is heading to the ETF...
DraftKings Job Cuts: Why the Boston-Based Sportsbook Leader is Expected to Save $30M Annually
DraftKings is restructuring some roles, resulting in layoffs An analyst estimates the moves, potentially prompted by AI, could save the company approximately $30 million per year It’s the second round of layoffs at the gaming company, with the first occurring in 2023...
Prediction Markets Evolving Beyond Gambling, On Pace for $10B in Revenue
Citizens reiterates call for prediction markets to reach $10 billion in revenue by 2030 Research firm says industry is evolving beyond “consumer-oriented gambling technology” Sees pathways to improved institutional access Prediction market revenue is scaling alongside volume, indicating the nascent industry is...
Penn Adds Three Directors, Ends Proxy Fight with HG Vora
Regional casino operator is adding three directors That move increases the size of the board to 11 from eight It also ends a proxy battle with HG Vora Penn Entertainment (NASDAQ: PENN) today announced the appointment of three new directors, expanding the...
GLPI Unlikely to Fully Finance Bally’s Bronx Casino
The REIT is interested in participating in providing financing for the Bronx casino It acknowledges Bally’s may have other financing options Gaming & Leisure is Bally’s primary landlord Gaming and Leisure Properties (NASDAQ: GLPI) is interested in providing financing for Bally’s $4...
States Likely to Keep Scoring Legal Wins Against Prediction Markets, Says TD Cowen
Bank says states positioned to continue legal success against prediction markets even with CFTC getting involved Kalshi scored a legal win in Tennessee this week TD Cowen believes Crypto.com Nevada case will advance to SCOTUS Kalshi won a preliminary injunction in Tennessee...
DraftKings, Flutter Among Top Consumer Cyclical Stocks to Buy, Says Morningstar
Both stocks are undervalued, says research firm Morningstar sees prediction markets gaining 3% of US online gaming market share by 2030 Analyst says DraftKings’ leading position in the US could be durable over the long-term Shares of sportsbook Goliaths DraftKings (NASDAQ: DKNG)...
Kalshi Scores Legal Win in Tennessee, Judge Rules Sports Event Contracts Are Swaps
Kalshi scores win in federal suit against Tennessee regulators Judge rules sports event contracts are swaps under Commodities Exchange Act Ruling arrives a month after judge issued a temporary restraining order against the state Following a lengthy losing streak in court, Kalshi...
Illinois Advances Bill to Prevent Chicago Sports Betting Tax Hike
House committee moves bill to block Chicago sports betting tax increase If passed, it’d confirm that gaming tax power rests with state lawmakers Illinois raised sports betting taxes in 2024 and 2025 Illinois lawmakers may have finally met a tax increase they...
Boyd Gaming Back with Another Dividend Hike
Boyd Gaming is raising its quarterly dividend by more than 10% Marks fourth consecutive dividend hike Las Vegas locals segment underpins fundamental outlook Boyd Gaming (NYSE: BYD) said today it is boosting its quarterly dividend to 20 cents a share from 18,...
