5218 stories by Todd Shriber
Hard Rock Queens Casino Has ‘Good Shot’ at Approval, Says State Senator
State senator says Cohen/Hard Rock bid has credible shot of approval Project is viewed as a leading contender for one of three downstate permits Politician opposes casinos in Manhattan A plan by Steven Cohen and Hard Rock International to bring a casino...
Circa, ESPN Bet Move to Minimums on Illinois Sports Bets
Moves in response to state’s recent tax increase on sports betting Circa’s $10 minimum is the largest announced to date Circa Sports and ESPN Bet joined a pack of rivals in announcing new minimums on sports wagers placed in Illinois, marking the...
Modo Casino Sponsoring No. 77 Car for Quartet of NASCAR Races
Modo is a social casino operator Company will be primary sponsor of the No. 77 car for four races Modo Casino and Spire Motorsports announced the gaming company will sponsor Carson Hocevar’s No. 77 car for four NASCAR races this year, starting...
BetMGM, DraftKings Gaining Ground on FanDuel, Says Research Firm
As measured by Q2 net gaming revenue (NGR) growth, rivals outpaced FanDuel FanDuel dealing with tough comparisons Its Q2 net revenue margin beat competitors FanDuel is the US iGaming and online sports betting leader, but it may ceding some ground to competitors,...
Bally’s Wraps Up Chicago IPO, 1,800 Investors Participated
Regional casino operator closes Chicago IPO Majority of participating investors hail from the city Bally’s said it closed its Chicago initial public offering (IPO), the first of what could be multiple placements aimed at generating capital for the operator’s $1.7 billion casino...
3G Capital Departs DraftKings, Tepper Exits Wynn
Hedge fund eliminates its DraftKings stake It was a small investment, just 70K shares at the end of Q2 Shares of DraftKings (NASDAQ: DKNG) ticked slightly lower in Thursday’s after-hours session perhaps due in part to a regulatory filing indicating 3G Capital...
Sports Parlays Should Be Among Next Frontiers for Prediction Markets, Says Venture Investor
Sports parlays are described as high-frequency, high-leverage events for prediction markets Those companies aren’t yet offering such wagers Moneyline bets are seen as low leverage with smaller market outcome value If there’s one thing that could intensify the growing competition between prediction...
Einhorn Boosts Penn Entertainment Stake in Big Way
Hedge fund manager significantly increased stake in casino stock in Q2 Move comes after firm boosted Penn position in Q1 For the second consecutive quarter, David Einhorn’s DME Capital Management increased its stake in regional casino operator Penn Entertainment (NASDAQ: PENN). A...
Zero Edge Founder Kim Facing DOJ Fraud Charges
Internet casino founder allegedly gambled away investors’ money He wagered on Shuffle and lost investors’ cash on various crypto exchanges Richard Kim, the founder of cryptocurrency casino Zero Edge, is facing securities and wire fraud charges brought by the Department of Justice...
Red Rock Bonds Enticing on Las Vegas Casino Strength, Says Research Firm
Red Rock corporate bonds are supported by strength in the Las Vegas locals segment Research firm highlights North Fork management accord as potential catalyst Shares of Red Rock Resorts (NASDAQ: RRR) are higher by nearly 35% year to date, easily good for...
