5445 stories by Todd Shriber
Billionaire Kenneth Dart Grows Flutter Entertainment Stake To Over 20%
The heir to the Dart Container fortune has been steadily buying Flutter stock He’s been buying as the stock declines and as some insiders sold Dart’s stake in the FanDuel owner is built through total return swaps Kenneth Dart, the heir to...
MGM and IAC Reach Voting Agreement Over Influence And Board
Barry Diller’s IAC and MGM Resorts reached a voting agreement under which the media company’s influence will be limited in certain circumstances In exchange, IAC is guaranteed two board seats IAC owns approximately 23% of MGM shares Barry Diller’s IAC/InterActiveCorp (NASDAQ: IAC)...
New Study Suggests 84% of Polymarket Traders Aren’t Profitable
That’s worse than a prior study indicating 70% of the prediction market’s traders lose money New study says just 2% of Polymarket traders have made more than $1,000 Less than a third of a percent made more than $10,000 Various studies indicate...
Kalshi Data Will Be Featured on Fox Cable Channels
Kalshi scores another high-level media partnership Its prediction markets data will be featured on multiple Fox cable outlets Another Murdoch-owned media company has an agreement with Polymarket Fox Corp. (NASDAQ: FOXA) and Kalshi announced today, April 7, that the prediction market operator’s...
MGM Stock Risk/Reward Points to Upside, Says Analyst
Las Vegas Strip growth likely to be a second half story That growth can be achieved without a resurgence among value customers Analyst says MGM’s digital, regional casino and Macau businesses are healthy MGM Resorts International (NYSE: MGM) stock is higher by...
Flutter Stock Called an Undervalued Consumer Cyclical Name
The stock is off 51% in 12 months It trades a deep to discount to a research firm’s fair value estimate Analyst sees compelling long-term outlook With the stock off 50.91% over the past year, it might be difficult for some market...
Kalshi Lands 3 Trump-Appointed Judges in Ninth Circuit Case
It’s a consolidated case also involving Crypto.com and Robinhood The case is those prediction market operators’ appeal on a Nevada court ruling declaring event contracts to be a form of betting Kalshi scored a big win today in the Third Circuit Court...
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...
