5359 stories by Todd Shriber
PrizePicks Could Be Positioning Itself for Sale, Valuation May Be $2 Billion
DFS operator’s move to PVP model could be attractive to suitors Online betting firms could kick to the tires on PrizePicks Rival Underdog Fantasy’s recent valuation could be boon for PrizePicks Daily fantasy sports (DFS) operator PrizePicks has largely shifted to a...
Rio Las Vegas Lands $176.5 Million CPACE Loan
Peachtree Group provides $176.5 million in financing to Rio casino hotel There’s been unsubstantiated chatter about venue’s financial health Dreamscape Companies, the operator of the Rio Hotel & Casino, procured a $176.5 million Commercial Property Assessed Clean Energy (CPACE) loan from Peachtree...
DraftKings Could Buy Back $18 Billion of Stock Over 10 Years, Says Analyst
DraftKings is a product, technology leader in iGaming/sports betting industry Company could be a massive buyer of its own shares over the next decade DraftKings (NASDAQ: DKNG) could be a major buyer of its shares over the next 10 years, potentially retiring...
Peppermint Hippo Las Vegas Owner Could Become Public Company
In deal with Tradewinds Universal, Peppermint Hippo could become publicly traded gentlemen’s club stock Peppermint Hippo operates two Las Vegas gentlemen’s clubs In a unique deal that could make another cabaret operator available to public investors, Tradewinds Universal, Inc. (OTCID: TRWD) said...
Robinhood Rolls Out College Football, NFL Prediction Markets
Announcement arrives ahead of college football’s week zero Robinhood has a partnership with prediction markets operator Kalshi Robinhood Markets (NASDAQ: HOOD) announced Tuesday its Robinhood Derivatives, LLC (RHD) unit will offer prediction markets on the NFL and college football, potentially escalating competition...
Shohei Ohtani Interpreter’s Bookie Narcs on Friend for Lighter Fed Sentence
Matt Bowyer provided feds with information on his colleague and friend, Damien LeForbes Bowyer is said to have acted as though he wasn’t implicating LeForbes Bowyer was facing up to five years in prison, but received a sentence of 15 months for...
Circa, ESPN Bet Move to Minimums on Illinois Sports Bets
Moves in response to state’s recent tax increase on sports betting Circa’s $10 minimum is the largest announced to date Circa Sports and ESPN Bet joined a pack of rivals in announcing new minimums on sports wagers placed in Illinois, marking the...
BetMGM, DraftKings Gaining Ground on FanDuel, Says Research Firm
As measured by Q2 net gaming revenue (NGR) growth, rivals outpaced FanDuel FanDuel dealing with tough comparisons Its Q2 net revenue margin beat competitors FanDuel is the US iGaming and online sports betting leader, but it may ceding some ground to competitors,...
Bally’s Wraps Up Chicago IPO, 1,800 Investors Participated
Regional casino operator closes Chicago IPO Majority of participating investors hail from the city Bally’s said it closed its Chicago initial public offering (IPO), the first of what could be multiple placements aimed at generating capital for the operator’s $1.7 billion casino...
3G Capital Departs DraftKings, Tepper Exits Wynn
Hedge fund eliminates its DraftKings stake It was a small investment, just 70K shares at the end of Q2 Shares of DraftKings (NASDAQ: DKNG) ticked slightly lower in Thursday’s after-hours session perhaps due in part to a regulatory filing indicating 3G Capital...
