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Todd Shriber
5798 stories by Todd Shriber
Prediction Markets’ Rise Not Impetus for Texas to Legalize Sports Betting
California and Texas have long been viewed as the “golden geese” of the domestic online sports betting industry. The two most populous states remain off-limits to sportsbooks, but prediction markets are operating in those jurisdictions,...
MGM Now an Execution Story With Takeover Bid Off the Table
On volume that’s already more than triple the daily average, shares of MGM Resorts International (NYSE: MGM) are off more than 10% today after Barry Diller’s People Inc. (NASDAQ: PPLI) confirmed late Wednesday it withdrew...
Diller Pulls MGM Takeover Bid, Casino Stock Tumbles
Shares of MGM Resorts International (NYSE: MGM) plunged in after-hours trading Wednesday (Sept. 23) after Barry Diller’s People Inc. (NASDAQ: PPLI) yanked the $18 billion go-private acquisition offer it floated on June 1. People Inc....
Caesars Investors Overwhelmingly Vote in Favor of $17.6B Fertitta Takeover Offer
It’s official. Caesars Entertainment (NASDAQ: CZR) and Tilman Fertitta’s Fertitta Entertainment Inc. (FEI) are heading to the altar in a $17.6 billion takeover approved by the former’s shareholders. Caesars Palace Las Vegas. The operator's investors...
Trump Portfolio Trims Gaming Exposure with Caesars, RSI Share Sales
President Trump’s money managers conducted more than 1,100 equity transactions in July, including a modest sale of Caesars Entertainment (NASDAQ: CZR) stock. President Donald Trump. He sold a few casino stocks in July. (Image: Getty)...
DraftKings CEO Says NFL Handle Up, Prediction Markets ‘Huge Growth Story’
In handle terms, DraftKings (NASDAQ: DKNG) is off to a strong start in the 2026 NFL season and prediction markets are an interesting piece in the company’s broader investment puzzle, according to the company's CEO...
Caesars Responds to Shareholder Demand Letter Ahead of Takeover Vote
A party believed to be a Caesars Entertainment (NASDAQ: CZR) investor has issued a demand letter seeking access to certain financial records ahead of the meeting at which shareholders will vote on Tilman Fertitta’s proposed...
Survey finds 35% of Bettors Reduce Sportsbook Use Due to Prediction Markets
The competition between prediction markets and sportsbooks is intense and there is some evidence that the former is encroaching on the latter’s customer base, according to a new survey. Bettors at a sportsbook. Some say...
Prediction Market Volume Could Rise to $10T by 2035 as Sports Share Declines
Prediction market volume could soar to $10 trillion per year by 2035, compounding at a staggering annual rate of 70%, according to new research by Bernstein analysts. A Polymarket billboard. Bernstein estimates prediction market volume...
Stifel: Rush Street Interactive Has ‘Scarcity Value’ in Growing iGaming Market
Following a 7.42% single-day drop, Rush Street Interactive (NYSE: RSI), previously one of this year’s hottest gaming stocks, is down 14.71% over the past month—a pullback at least one analyst calls a buying opportunity. The...
