5447 stories by Todd Shriber
Harvard Endowment Makes Big Move Into Flutter Entertainment Stock
Big Ivy League endowment has big bet on big betting stock It appears to be a new position Endowment manager owns at least one other gaming name Harvard Management Company, the manager of the Ivy League university’s endowment, owns shares of FanDuel...
Hedge Funds Cut Casino Holdings, DraftKings Hit by Another Sell-Off
One well-known investor reduced his stake in Penn Entertainment Another trimmed his MGM position DraftKings was dropped outright by another hedge fund Form 13F filing season is now in full swing and the documents are confirming some well-known hedge fund managers are...
AQR’s Cliff Asness Hints the Hedge Fund May Enter Sports Betting
Billionaire investor said hedge fund could examine sports betting He admitted to cynicism regarding online sports wagering He didn’t elaborate on how AQR could get involved AQR Capital Management, the hedge fund co-founded by Cliff Asness, is mulling entry into the world...
Illinois Sports Bets Plunge by 5 Million as Operators Respond to Higher Taxes
Trade group backing sportsbooks says per-bet fees are leading to fewer wagers Handle did not decrease; it rose year over year Operators imposed per-bet fees and minimums in response to tax increase The Sports Betting Alliance (SBA) of Illinois, a trade association...
Cboe Makes Prediction Market Move, Leaves Sports Out for Now
Exchange operator is the latest to enter prediction markets arena. Sports event contracts aren’t in the cards. Cboe prediction platform expected to launch in the coming months. Cboe Global Markets (BATS: CBOE) is planning to roll out its own prediction markets platform,...
Polymarket Becomes Official Prediction Market of UFC
Polymarket now exclusive, official prediction market of UFC and Zuffa Boxing Adds to growing list of marquee deals for Polymarket Hardly a day goes by without Polymarket announcing a new deal or partnership with a sports league or well-known brand, with Thursday...
Golden Entertainment Investor Says Buyout Offer ‘Woefully Inadequate’
Everbay Capital calls Sartini-led buyout “opportunistic” Says offer exploits recent weakness in Golden's stock price Investor believes Golden’s board is forcing shareholders to accept a raw deal Golden Entertainment (NASDAQ: GDEN) CEO Blake Sartini’s $30 a share offer to take the casino...
CME and FanDuel Launch New Event Contracts With Sports Twist in December
The companies announced a joint venture in August. FanDuel Predicts app will launch in December. App will feature sports event contracts in states where sports wagering isn’t permitted. CME Group (NASDAQ: CME) and FanDuel said today their previously announced prediction markets partnership...
Penn Entertainment CEO Buys $500K Worth of Casino Stock
Penn CEO Snowden buys stock following post-earnings dip He bought 34,700 shares, boosting his holdings to more than 1.11 million Investors remain critical of stock’s performance under his leadership Penn Entertainment (NASDAQ: PENN) CEO Jay Snowden took advantage of a post-earnings decline...
eToro in Talks with Kalshi, Polymarket as it Eyes Prediction Markets
Brokerage firm says it’s in talks with prediction markets giants Says futures market expansion provides infrastructure for event contracts Sees some intersection with cryptocurrency eToro Group (NASDAQ: ETOR) could be preparing to join the ranks of brokerage houses in the prediction markets...
