5359 stories by Todd Shriber
Red Rock Resorts Stock Entering S&P Small-Cap Index
Casino stock entering widely followed small-cap index. Promotion is tied to another gaming name. Shares of Red Rock Resorts (NASDAQ: RRR) rallied Friday on news the casino stock will soon enter the S&P SmallCap 600 Index. Interestingly, that promotion is somewhat tied...
Penn Stock Upgraded Following ESPN Bet Departure
Analyst says ESPN Bet was an “overhang” on Penn stock New price target implies upside of almost 50% He says under-performance following the news is surprising Shares of Penn Entertainment (NASDAQ: PENN) are again pointed lower Friday -- a day after the...
DraftKings to Fill ESPN Bet Void
Penn Entertainment announced it's terminating its relationship with ESPN following disappointing performance DraftKings will step into the role previously occupied by Penn The ESPN Bet app is expected to stay alive, supported by DraftKings odds and technology. Following news that Penn Entertainment...
DraftKings Sold at Least $100M in Stock, According to SEC
Stock sale could be tied to recently announced Railbird acquisition Regulatory document indicates DraftKings sold “over $100 million” of equity DraftKings (NASDAQ: DKNG) appears to be have sold of over $100 million worth of stock, according to a new regulatory filing. A...
Gambler R.J. Cipriani Scores Legal Win in Resorts World Las Vegas Case
Ninth Circuit Court sends case against Resorts World back to lower court Appellate court says district court “abused discretion” in application of legal estoppel Case against former executive Sibella was dismissed R.J. Cipriani, a well-known gambler, scored a win in a lengthy...
Winklevoss Twins’ Crypto Exchange Eyeing Prediction Markets Entry
Gemini Space Station, the brothers’ cryptocurrency exchange, is reportedly looking to get into the prediction markets fray The company recently went public and applied for designated contract market (DCM) status in May Its prediction markets launch could be imminent Gemini Space Station...
Crypto.com, Robinhood Launching Entertainment Event Contracts
Brokerage firms make announcements within a day of each other Crypto. Com is partnering with Hollywood.com Robinhood continues expansion of prediction markets menu Crypto.com and Robinhood Markets (NASDAQ: HOOD) are betting entertainment and pop culture event contracts will be gain traction with...
DraftKings, Flutter Drubbed by Bank of America Downgrades
DraftKings, Flutter extend declines on Bank of America downgrades Bank sees bumpy hold patterns emerging Analyst also mentions tax risks Shares of sportsbook giants DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) extended recent weakness on Tuesday after Bank of America (BofA)...
Caesars Downgraded, Waning Confidence in Casino Growth, Says Analyst
Slumping stock downgraded by Jefferies Confidence in land-based casino growth is “low,” says analyst Caesars could be forced to raise capital Already mired in a lengthy slump, shares of Caesars Entertainment (NASDAQ: CZR) faltered anew on Tuesday after a sell-side analyst downgraded...
In US Return, Polymarket Taking Fee Fight to Kalshi
Polymarket poised to have lower trading costs than rival Kalshi It’s not clear if the fee schedule will be a permanent fixture Polymarket aiming to be live in the US by the end of November Prediction markets operator Polymarket is readying a...
