5079 stories by Todd Shriber
Cathie Wood Buys Battered DraftKings Stock Across Three ARK ETFs
Wood’s firm is a longtime DraftKings investor She bought over 500K shares of the sports betting stock across three of her ETFs Stock is on an eight-day losing streak DraftKings (NASDAQ: DKNG) is on a now well-documented slide. If it settles lower...
Gaming and Leisure Properties paga $184 millones por el hipódromo-casino (racino) de Nuevo México
La compañía adquiere los activos inmobiliarios de Sunland Park Racetrack & Casino (un racino, es decir, un hipódromo con casino) Gaming and Leisure paga $183.75 millones con una tasa de capitalización del 8.2% Gaming and Leisure Properties (NASDAQ: GLPI) anunció este miércoles...
DraftKings, Flutter Earnings Estimates Lowered, Prediction Markets Aren’t Culprit
Analyst trims DraftKings, Flutter earnings forecasts to Street lows NFL outcomes, not prediction markets, cited as reason for downward revisions Shares of DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) have been volatile in recent days, with much of the downside in...
Gaming and Leisure Properties Paying $184 Million for New Mexico Racino Real Estate
Casino REIT is acquiring the real estate of Sunland Park Racetrack & Casino Gaming and Leisure is paying $183.75 million at a cap rate of 8.2% Gaming and Leisure Properties (NASDAQ: GLPI) announced Wednesday that it's buying the real estate assets of...
Sports Betting Stocks’ Kalshi-Induced Slides Overblown, Say Analysts
DraftKings, Flutter, others tumbled today on reports of elevated volume on Kalshi Parlays coming to the prediction market didn’t help matters It’s possible Kalshi volume is being double-counted, says one analyst Sports betting stocks were walloped Tuesday as investors were spooked by...
Bally’s Lands Increased Credit Facility Following Rhode Island Casino Sale
Gaming company said it has approval to increase credit facility to $510 million Creditors also approved sale-leaseback transaction on Rhode Island casino Bally’s announced Tuesday that it secured a commitment to increase its borrowing capacity on a revolving credit facility (RCF) maturing...
Robinhood Mulls Going Global with Prediction Markets
News arrives after broker said Q3 event contracts volume spiked Company held talks with relevant UK regulator After realizing rapid prediction markets success in the US, Robinhood Markets (NASDAQ: HOOD) is looking to bring event contracts to its clients in other parts...
DraftKings, Flutter Slump as Kalshi Volume Spikes
Sports betting stocks dive on news of Kalshi volume surge Customer-friendly outcomes aren’t helping matters Shares of Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), the operators of the two largest domestic online sportsbooks, tumbled Tuesday on reports of soaring volume on...
Kalshi Volume Beats Election Day, Robinhood Handles 2B+ Event Contracts in Q3
Due in large part to NFL contracts, Kalshi volume broke Election Day record Robinhood says it passed four billion even contracts handled with more than half processed in current quarter Historically, football season has been a boon for sportsbook operators. This year,...
Penn Entertainment Stock Could Be Lifted by New Projects, Sports Betting
Regional casino enhancements could boost shares Analyst sees interactive wagering, including ESPN Bet, contributing to bull case In somewhat quiet fashion, Penn Entertainment (NASDAQ: PENN) is higher by 10.46% over the past 90 days. At least one analyst believes the regional casino...
