5134 stories by Todd Shriber
Wynn Corporate Bonds Supported by Buoyant UAE Casino Outlook
Wynn Resorts has junk credit ratings, but research firm sees opportunity with some of the issuer’s corporate debt Positive outlook supported in part by UAE casino hotel The three major ratings agencies apply junk grades to Wynn Resorts (NASDAQ: WYNN) corporate credit...
Kalshi Bettors Backing Socialist Mamdani Over Cuomo in NYC Mayoral Contest
New Yorkers heading to polls today to decide city’s next mayor Rapid shift on Kalshi shows bettors believe Mamdani will win Democratic nomination over former Gov. Cuomo In the first big political test for the accuracy of prediction markets since the 2024...
Coinbase Scammer Gambled at Crypto Casinos, Bought Rolexes
Investigator reveals culprit allegedly stole $4 million in Coinbase scam Bad actor gambled away some of the money at crypto casinos He also bought luxury items, including Rolex watches Christian “Daytwo” Nieves, allegedly the architect of a $4 million fraud enterprise that...
Penn, Red Rock Among Casino Stocks Favored by JPMorgan
Analyst Daniel Politzer starts coverage on batch of casino stocks and others Sees smaller ESPN Bet losses, new projects helping Penn shares Penn Entertainment (NASDAQ: PENN) and Red Rock Resorts (NASDAQ: RRR) are among the casino stocks drawing accolades in new coverage...
Weak NBA Finals Ratings Could Dent Sportsbook Operator Earnings
2025 Finals were among lowest-rated for the NBA in recent memory Series between two small city teams could be drag on sportsbook operator earnings The 2025 edition of the NBA Finals was exciting with the series going the maximum seven games while...
EXCLUSIVE: Resorts World Could Push for Vegas NBA Arena
Resorts World Las Vegas rumored to be interested in bidding for NBA arena North Strip casino hotel has over 42 acres of unused land NBA expansion could be in flux following Lakers sale Resorts World Las Vegas, the $4.3 billion casino hotel...
Sportradar Stock Not Getting the Software Respect it Deserves
Sports betting data provider meets software industry “Rule of 40” criteria, but stock isn’t treated as such, says analyst Share price doesn’t reflect growth of in-game betting or potential for the biggest states to legalize sports wagering Shares of Sportradar (NASDAQ: SRAD)...
DraftKings Starts Political Action Committee
Gaming company forms PAC focusing on federal and state candidates Move could be in response to latest Illinois tax increase DraftKings has already been an active political donor DraftKings (NASDAQ: DKNG) filed with the Federal Election Commission (FEC) to start its first...
DraftKings ‘Circumspect’ on Prediction Markets, Says Analyst
Analyst comments arrive amid rumors of a deal between FanDuel, Kalshi DraftKings pulled related regulatory application in April Amid increasing fervor regarding the competitive threat posed by prediction markets to sportsbook operators, DraftKings (NASDAQ: DKNG) appears to be among the gaming companies...
DraftKings CEO on Illinois Tax Hike: ‘Crazy How it All Went Down’
DraftKings boss calls latest Illinois tax hike “ill conceived” Company recently announced it will apply a fee of 50 cents per bet in the state DraftKing (NASDAQ: DKNG) co-founder and CEO Jason Robins is none too pleased with Illinois’ latest sports betting...
