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Todd Shriber
5695 stories by Todd Shriber
Penn Poised for Improving Finances in 2026, Says Credit Analyst
Revamping of multiple regional casinos helps the outlook So does an improving picture for the company’s digital gaming unit Lease-adjusted leverage currently resides at 7x In somewhat quiet fashion, shares of Penn Entertainment (NASDAQ: PENN)...
New York City Casinos Seen Posting up to $5.6B in Annual Revenue
Research firm says that’s the bull case scenario for the three licensees The bulk of that estimate is based on gaming revenue with some contributions from non-gaming sources The base case scenario is $4.7 billion...
Robinhood Sees Prediction Markets Evolving Beyond Sports
Brokerage firm aiming to be a prediction markets leader Company could build-out prediction platform with wider-ranging institutional capabilities Analyst says international expansion could be in the cards Robinhood Markets (NASDAQ: HOOD) is aiming to be...
Kalshi Expands Insider Trading Rules With Athlete, Politician Screens
The prediction market operator is expanding its insider trading protocols Those include “preemptive” athlete and politician screening The move comes as senators attempt to ban sports event contracts Kalshi, the largest prediction market operating in...
Caesars Takeover Could Spark New Wave of Casino Deals, Says Analyst
If a Caesars takeover happens, it could be “the first of many” in the casino industry, says Truist analyst Jonas Due to Caesars being a high-profile operator, boards at other gaming companies may be compelled...
Retail Traders Lose Out to ‘Sharks’ on Prediction Markets, Says Analyst
Fresh data confirm that retail traders on prediction markets are losing more than sports bettors Sharp bettors are utilizing prediction markets to their advantage Crossover players aren’t valuable sportsbook clients, says analyst New data confirm...
Betting Stocks Rally on Senate Bill Aiming to Halt Sports Prediction Markets
Shares of DraftKings, Flutter, and rivals popped on Monday on news of a Senate bill that would prohibit sports event contracts The bill will reportedly be introduced by a Democrat and a Republican, confirming bipartisan...
5% Federal Sports Betting Tax Could Raise Nearly $100B, Says Policy Group
The federal tax on sports wagering is just 0.25% today If it was raised to 5%, it’d generate $97 billion in revenue over a decade At 5%, it’d be the fifth-largest federal excise tax Plenty...
Kalshi Facing Temporary Nevada Ban Following Court Ruling
Nevada court issues 14-day temporary restraining order against Kalshi The order bars from Kalshi from offering entertainment, political and sports event contracts in the state It’s the first time a state has forced a prediction...
Regional Casino Consumers Proving Resilient as Gas Prices Surge, Says Analyst
Even consumers on the low end are showing strength Analyst likes Churchill Downs, Penn Entertainment The national average gas price is $3.91 per gallon, according to AAA The conflict in Iran sent the national average...
