5315 stories by Todd Shriber
Bally’s Selling Rhode Island Casino for $735 Million, Will Lease Back Property
Property is one of two Rhode Island casinos operated by Bally’s The company previously executed a similar transaction with its Tiverton casino Gaming and Leisure Properties is buying the property and it will lease it back to Bally’s Bally’s is selling the...
Super Group Stock Soars as Africa Bets Hit
It’s one of this year’s best-performing gaming stocks despite leaving the US market Africa supports the investment thesis Already one of this year’s best-performing equities, Super Group (NYSE: SGHC) landed a new fan Monday when a well-known sell-side analyst initiated coverage of...
Sports Betting Doesn’t Lead to Bankruptcies, Lower Credit Scores, Says Study
Study runs counter to previous ones showing declining consumer credit in OSB states PPI says credit scores rose slightly in “early adopter” states Regulated online sports betting (OSB) isn’t driving increased bankruptcy filings and declining credit scores in the states that permit...
Slips Rolls Out AI-Powered P-to-P Prediction Markets
Peer-to-Peer betting app company wades into prediction markets fray It’s an expansion of company’s Heads Up and Pools offerings Slips, the company behind a social gaming-infused peer-to-peer wagering application, announced it is rolling out prediction markets powered by artificial intelligence (AI). The...
MGM Director Meister Slightly Trims Stake in Casino Stock
MGM board member sold 242,000 shares of gaming stock this week His hedge fund Corvex Management still owns nearly 5.39 million MGM shares Keith Meister, the hedge fund manager who’s a member of the board of directors at MGM Resorts International (NYSE:...
Kalshi Yanks Charlie Kirk Bets, Polymarket Debuts US Civil War Market
Prediction markets respond to death of conservative activist Kalshi pulls markets related to Kirk’s political future Polymarket launches trading on possibility of another civil war Kalshi responded to the death of conservative activist and commentator Charlie Kirk by pulling betting markets related...
California Class Action Suit Against FanDuel Dropped…For Now
Plaintiff voluntarily temporarily withdraws suit filed in July Could be a sign a settlement is in the works The plaintiff in a California class action suit against FanDuel has voluntarily withdrawn his complaint, indicating that at least for now, the gaming company...
Prediction Markets Could Be Next Big Crypto Use Case, Says Coinbase
Some prediction markets are already heavily rooted in crypto The trend is catching the attention of venture capitalists Coinbase says prediction markets are among “the most visible crypto use-cases” Coinbase Global (NASDAQ: COIN) sees prediction markets such as Kalshi and Polymarket expanding...
MGM CEO Hornbuckle Surprised Company Hasn’t Won UAE Casino License
MGM is building a $2.5 billion nongaming resort in Dubai Wynn Resorts holds UAE’s only casino permit MGM Resorts International (NYSE: MGM) CEO Bill Hornbuckle is astounded regulators in the United Arab Emirates (UAE) have yet to approve a second casino license....
Caesars Digital Worth More Than Entire Company, Says Analyst
Even at low multiples, Caesars Digital is worth significantly more than the entire company, says analyst iGaming segment is gaining market share Fate of operator’s digital arm has been widely speculated Caesars Entertainment (NASDAQ: CZR) sports a market capitalization of $5.28 billion,...
