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Todd Shriber
5695 stories by Todd Shriber
Penn Entertainment Stock Jumps on Regional Casino Strength
Penn posted a surprise first-quarter profit on broad-based regional casino strength Investors appear to like the operator’s 2026 guidance The interactive division continues to lose money, but it's making progress Penn Entertainment (NASDAQ: PENN) stock...
Jay-Z and Caesars’ $5 Billion NYC Casino Site Facing ‘Murky’ Future After Credit Downgrade
The building is owned by SL Green Times Square casino bid was rejected last year Site is already reeling from mass layoffs at broadcaster CBS ahead of Paramount/ Skydance merger Financial pressure is mounting at...
‘Political Insider Trading’: Kalshi Suspends 3 Candidates for Betting on Their Own Elections
Kalshi says two Democrats and one Republican traded on themselves on the platform, something which is prohibited under its rules A Democrat Senate candidate in Virginia says he traded on himself to prove a point...
Pritzker Issues Immediate Ban: State Workers Blocked from Prediction Market Bets
Illinois governor signs executive order prohibiting trading on nonpublic information Ban pertains to state employees, political appointees and members of agencies and boards California recently adopted a similar policy Gov. J.B. Pritzker banned Illinois state...
Churchill Downs Strikes $85M Deal for Preakness Rights in Massive Triple Crown Power Play
Churchill Downs is buying Preakness Stakes intellectual property rights Buyer using cash on hand and an existing credit facility to fund the deal Transaction scheduled to close after this year’s running of the race In...
Fitch: Resorts World NYC Well-Positioned to Weather Global Energy Price Spikes
Regional casino isn’t as dependent on air travel as other Genting venues Venue is expected to roll out table games later this year Oil surged Monday as President Trump signaled an end to the ceasefire...
Caesars Stock Jumps: Is a Massive $34-Per-Share Buyout Coming?
Caesars stock rose Monday on a report that takeover talks with Tilman Fertitta are ongoing A 45-day exclusivity period between the two sides recently expired Fertitta reportedly offered $32 a share for the casino operator...
Analyst: Bally’s Inviting More Risk Than Reward With Evoke Deal
Bally’s confirmed it’s in talks to potentially acquire Evoke Analyst says integration could be a “distraction” Risk-reward “skewed slightly negative” for Bally’s Bally’s has confirmed it is in talks to acquire struggling Evoke (EIHDF), though...
Report: Polymarket Eyeing $400M Capital Injection
The prediction market operator is reportedly in discussion to raise $400 million at a $15 billion valuation That’s below rival Kalshi’s $22 billion estimated value Polymarket recently raised $600 million from Intercontinental Exchange Polymarket, which...
Bally’s Reportedly Close to Acquiring William Hill Owner Evoke
A deal could be announced in the coming days Evoke is under significant financial duress Bally’s reportedly has preferred bidder status UPDATE: April 20, 7am: Evoke PLC has confirmed it is in discussions with Bally's...
