5488 stories by Todd Shriber
Wisconsin Just Legalized Sports Betting—And Now It’s Launching a Legal War on Prediction Markets
Wisconsin Department of Justice is suing five prediction market operators The state claims those platforms offer illegal sports wagering The suit was unveiled just two weeks after the state approved a tribal sports betting bill The Wisconsin Department of Justice (DOJ) has...
BetHog Secures $10M War Chest to Scale AI-Powered Live Dealers Across Global Online Casinos
BetHog was co-founded by FanDuel founder Nigel Eccles Six investors participated in the financing round Company has now raised $16 million BetHog, the crypto-casino co-founded by FanDuel founder Nigel Eccles, has raised $10 million in Series A funding to launch an AI-powered...
Churchill Downs Shares Rise as Kentucky Derby Expected to Generate Extra $20M in Earnings
Gaming company forecasts year-over-year Kentucky Derby EBITDA increase of $15 million to $20 million CEO Bill Carstanjen says Derby Week 2026 expected to outpace last two years CFO Marcia Dall confident in growth forecast After posting record Q1 earnings, Churchill Downs (NASDAQ:...
Penn Entertainment Stock Jumps on Regional Casino Strength
Penn posted a surprise first-quarter profit on broad-based regional casino strength Investors appear to like the operator’s 2026 guidance The interactive division continues to lose money, but it's making progress Penn Entertainment (NASDAQ: PENN) stock surged Thursday after the largest operator of...
Jay-Z and Caesars’ $5 Billion NYC Casino Site Facing ‘Murky’ Future After Credit Downgrade
The building is owned by SL Green Times Square casino bid was rejected last year Site is already reeling from mass layoffs at broadcaster CBS ahead of Paramount/ Skydance merger Financial pressure is mounting at 1515 Broadway after a credit downgrade hit...
‘Political Insider Trading’: Kalshi Suspends 3 Candidates for Betting on Their Own Elections
Kalshi says two Democrats and one Republican traded on themselves on the platform, something which is prohibited under its rules A Democrat Senate candidate in Virginia says he traded on himself to prove a point The prediction market Kalshi has issued five-year...
Pritzker Issues Immediate Ban: State Workers Blocked from Prediction Market Bets
Illinois governor signs executive order prohibiting trading on nonpublic information Ban pertains to state employees, political appointees and members of agencies and boards California recently adopted a similar policy Gov. J.B. Pritzker banned Illinois state employees from betting on prediction markets today,...
Churchill Downs Strikes $85M Deal for Preakness Rights in Massive Triple Crown Power Play
Churchill Downs is buying Preakness Stakes intellectual property rights Buyer using cash on hand and an existing credit facility to fund the deal Transaction scheduled to close after this year’s running of the race In a historic move for American horse racing,...
Fitch: Resorts World NYC Well-Positioned to Weather Global Energy Price Spikes
Regional casino isn’t as dependent on air travel as other Genting venues Venue is expected to roll out table games later this year Oil surged Monday as President Trump signaled an end to the ceasefire this Wednesday, leaving the Strait of Hormuz...
Caesars Stock Jumps: Is a Massive $34-Per-Share Buyout Coming?
Caesars stock rose Monday on a report that takeover talks with Tilman Fertitta are ongoing A 45-day exclusivity period between the two sides recently expired Fertitta reportedly offered $32 a share for the casino operator Caesars Entertainment (NASDAQ: CZR) stock popped 2%...
