5218 stories by Todd Shriber
Sports Betting Taxes Boons for State Coffers, Says Census Bureau
Sports betting tax revenue more than quadrupled since 2021 It’s approaching $1 billion on a national level In New York, taxes on sports betting account for nearly 1% of all taxes collected Online sports betting generates plenty of criticism, but it’s been...
Kalshi Cases Likely Heading to SCOTUS, the Question is When
Kalshi and other prediction markets are engaged in legal battles with multiple states Lawyer believes resolution via SCOTUS is the likely outcome It could be several years before the high court hears the case Kalshi, Robinhood Markets (NASDAQ: HOOD), and other participants...
Fox Not Looking to Get Into Sports Betting, Says CFO Tomsic
FOX Bet was shuttered in 2023 Media company has option to acquire 18.6% of FanDuel It also owns $900 million worth of Flutter Entertainment equity Fox Corporation (NASDAQ: FOX) is one of the biggest names in US sports broadcasting and streaming, but...
Bally’s to Sell Rhode Island Casino Property in Q1 After Landing $1.1B in Financing
Sale of Twin River Lincoln Casino real estate expected in Q1 after Bally’s lands new financing Private credit firms lending casino operator $1.1 billion Some of the proceeds could be used for New York casino project Earlier today, Bally’s announced it amended...
Monarch Casino Inching Closer to Finding Acquisition Target, Says Analyst
Regional casino operator is frequently attached to M&A rumors, but hasn’t made a deal Company is known to be highly selective when it comes to evaluating acquisitions It’s unlikely to buy a casino in Nevada Monarch Casino & Resort (NASDAQ: MCRI) is...
Caesars, MGM to Benefit from 2026 Middle-Income Rebound, Says Goldman Sachs
Two casino stocks are among nearly 40 stocks Goldman Sachs sees rebounding in 2026 as middle-income consumers bounce back The Las Vegas duo have struggled this year Bank sees steadier macroeconomic backdrop supporting consumer cyclical names It’s been a disappointing year for...
Wynn Price Targets Lifted on UAE Casino Opportunities
Analysts boost Wynn price target following UAE investor day One analyst says UAE casino resort could be worth $21 a share to stock price Calls Wynn UAE setup “compelling” Following its analyst tour/investor day in the United Arab Emirates (UAE) last week,...
Bet365 Promo Spending Soars in Reach for US Market Share
Bet365's sports betting promotional spending is soaring while rivals pull back Company’s promo spending as percentage of GGR is highest in the US Operator is attempting to gain market share in this country At a time when rivals are reining in online...
Accel Entertainment Balance Sheet Lauded, Shares Undervalued, Says Analyst
Analyst initiates coverage of distributed gaming company with bullish views Price target implies upside of more than 20% Shares are undervalued, says analyst Shares of distributed gaming company Accel Entertainment (NYSE: ACEL) are down slightly this year, but at least one analyst...
Venetian Pacing Toward Record Year Amid Las Vegas Tourism Slump
Another example of casinos that cater to high-end customers finding success as mid-tier venues struggle Venetian CEO Nichols says a “deep dive” on fees, costs is being conducted Property is operated by Apollo Global Management The Venetian Resort Las Vegas is pacing...
