5448 stories by Todd Shriber
Bally’s Lands Increased Credit Facility Following Rhode Island Casino Sale
Gaming company said it has approval to increase credit facility to $510 million Creditors also approved sale-leaseback transaction on Rhode Island casino Bally’s announced Tuesday that it secured a commitment to increase its borrowing capacity on a revolving credit facility (RCF) maturing...
Robinhood Mulls Going Global with Prediction Markets
News arrives after broker said Q3 event contracts volume spiked Company held talks with relevant UK regulator After realizing rapid prediction markets success in the US, Robinhood Markets (NASDAQ: HOOD) is looking to bring event contracts to its clients in other parts...
DraftKings, Flutter Slump as Kalshi Volume Spikes
Sports betting stocks dive on news of Kalshi volume surge Customer-friendly outcomes aren’t helping matters Shares of Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), the operators of the two largest domestic online sportsbooks, tumbled Tuesday on reports of soaring volume on...
Kalshi Volume Beats Election Day, Robinhood Handles 2B+ Event Contracts in Q3
Due in large part to NFL contracts, Kalshi volume broke Election Day record Robinhood says it passed four billion even contracts handled with more than half processed in current quarter Historically, football season has been a boon for sportsbook operators. This year,...
Penn Entertainment Stock Could Be Lifted by New Projects, Sports Betting
Regional casino enhancements could boost shares Analyst sees interactive wagering, including ESPN Bet, contributing to bull case In somewhat quiet fashion, Penn Entertainment (NASDAQ: PENN) is higher by 10.46% over the past 90 days. At least one analyst believes the regional casino...
DraftKings, NBCUniversal Ink Expansive Advertising Agreement
Sportsbook operator says it’s one of its biggest media deals to date DraftKings will be featured across a variety of NBC sports broadcasts, including Super Bowl LX DraftKings (NASDAQ: DKNG) and NBCUniversal announced a wide-ranging advertising agreement Monday that will bring the...
Bally’s Bronx Casino Bid Has Deep Adams, Trump Ties
Developer Steve Witkoff has White House ties and is a Bally’s consultant He suggest Mayor Adams consider becoming a US ambassador The mayor’s campaign chair also has a role at Bally’s Bally’s quest to bring a casino to the Bronx reaches to...
VICI Could Be Interested in Six Flags Real Estate, Says Investor
Jonathan Litt’s Land & Buildings is pushing Six Flags to spin off real estate holdings Investor believes VICI Properties could be a potential buyer Casino landlord is adding to nongaming holdings Jonathan Litt’s Land & Buildings Investment Management, LLC (L&B) is pushing...
MGM’s Empire City Advances in New York Casino Race
***UPDATE*** By a 5-0 vote, a Queens community advisory committee (CAC) approved Resorts World New York’s bid to convert that slots-only venue into a Las Vegas-style casino, making that the second New York gaming venue to advance in the process. It has...
Chicago Sports Betting Tax Could Compound Illinois Bettors’ Woes, Says SBA
Intra-city tax increase isn’t official, but task force says it could raise significant revenue If approved, levy would be on top of Illinois’ already high OSB taxes SBA says it will encourage bettors to wager with unlicensed books Illinois already has some...
