5359 stories by Todd Shriber
Penn Entertainment Stock Could Be Lifted by New Projects, Sports Betting
Regional casino enhancements could boost shares Analyst sees interactive wagering, including ESPN Bet, contributing to bull case In somewhat quiet fashion, Penn Entertainment (NASDAQ: PENN) is higher by 10.46% over the past 90 days. At least one analyst believes the regional casino...
DraftKings, NBCUniversal Ink Expansive Advertising Agreement
Sportsbook operator says it’s one of its biggest media deals to date DraftKings will be featured across a variety of NBC sports broadcasts, including Super Bowl LX DraftKings (NASDAQ: DKNG) and NBCUniversal announced a wide-ranging advertising agreement Monday that will bring the...
Bally’s Bronx Casino Bid Has Deep Adams, Trump Ties
Developer Steve Witkoff has White House ties and is a Bally’s consultant He suggest Mayor Adams consider becoming a US ambassador The mayor’s campaign chair also has a role at Bally’s Bally’s quest to bring a casino to the Bronx reaches to...
VICI Could Be Interested in Six Flags Real Estate, Says Investor
Jonathan Litt’s Land & Buildings is pushing Six Flags to spin off real estate holdings Investor believes VICI Properties could be a potential buyer Casino landlord is adding to nongaming holdings Jonathan Litt’s Land & Buildings Investment Management, LLC (L&B) is pushing...
MGM’s Empire City Advances in New York Casino Race
***UPDATE*** By a 5-0 vote, a Queens community advisory committee (CAC) approved Resorts World New York’s bid to convert that slots-only venue into a Las Vegas-style casino, making that the second New York gaming venue to advance in the process. It has...
Chicago Sports Betting Tax Could Compound Illinois Bettors’ Woes, Says SBA
Intra-city tax increase isn’t official, but task force says it could raise significant revenue If approved, levy would be on top of Illinois’ already high OSB taxes SBA says it will encourage bettors to wager with unlicensed books Illinois already has some...
Young Bettors Likely to Be Crypto, Stock Speculators, Too, Says TransUnion
Gen Z and millennial bettors are more likely to have crypto trading apps Many bettors are looking for “big payoffs” in the stock market, too Younger bettors increasingly embrace online sports wagering, are tepid on casino visits Gen Z and millennials are...
Robinhood Prediction Markets Biz on Pace for $200 Million in Revenue
Analyst estimate is based on September volume of $2.6 billion Analyst says Robinhood customers account for up to 35% of Kalshi volume on any given day Robinhood Markets’ (NASDAQ: HOOD) move into football prediction markets is already paying dividends for the company...
Brightstar Lottery Stock Has Multiple Growth Levers, Says Analyst
iLottery, international contracts could bolster case for the stock Analyst sees “improving setup,” says Italy concerns may be overstated In quiet fashion, shares of Brightstar Lottery (NYSE: BRSL) are higher by almost 33% over the past 90 days, and at least one...
Allwyn Buying Majority Stake in PrizePicks Valuing DFS Firm at $2.5 Billion
Swiss lottery operator buying 62.3% of DFS giant Deal includes initial cash payment of $1.6 billion, placing enterprise value of $2.5 billion on PrizePicks That exceeds latest valuation estimate on PrizePicks PrizePicks, which says it’s the largest daily fantasy sports (DFS) company...
