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Todd Shriber
5750 stories by Todd Shriber
Fitch Affirms MGM Credit Grade of BB-, Three Notches Into Junk Territory
The ratings agency continues to rate the casino giant non-investment grade Fitch applies a “stable” outlook to MGM rating Fitch says headwinds remain in Las Vegas MGM Resorts International’s (NYSE: MGM) credit rating was affirmed...
Kalshi Hit With Criminal Charges in Arizona, State Says Company Is Operating Illegal Betting
Kalshi sued Arizona last week, state fired back today In a 20-count criminal complaint, the state says Kalshi is operating an illegal wagering platform State also criticized Kalshi for offering election event contracts In a...
Five-Minute Bitcoin Trades Equal Gambling, Says Expert
Five-minute cryptocurrency trades are increasingly popular on Polymarket, other prediction markets Expert says those traders are more akin to gambling, not investing He warns those event contracts could harm crypto credibility Polymarket traders are increasingly...
Kalshi Lags DraftKings in Sports Betting Favorability, Says Truist Survey
When they have access to choice, bettors prefer DraftKings sportsbook to Kalshi sports event contracts But when they’re in states where prediction markets are the only option, Kalshi scores well relative to rival prediction markets...
JPMorgan Reviews Staff Rules on Prediction Markets Amid Insider Trading Concerns
The bank is considering implementing policies on how staff interact with prediction markets It’s not clear if the consideration is prompted by insider trading concerns or if outright bans will be unveiled The bank isn’t...
Churchill Downs Still a ‘Buy’ Amid Virginia Gaming Expansion Talks
Virginia lawmakers recently passed two gaming expansion bills Churchill Downs, MGM expected to lobby against Fairfax County casino Analyst says Churchill Downs stock is still a “buy” Churchill Downs (NASDAQ: CHDN) stock is off 23.40%...
Betting Data Providers Can Reap Prediction Market Rewards, Says Analyst
Analyst says data providers could benefit regardless of legal outcomes for prediction markets Signs emerging market makers want data offered by the providers NFL looms large While there’s some sentiment in the investment community that...
MGM Believes Japan Casino Could Compete with Marina Bay Sands on Profitability
Marina Bay Sands, operated by Las Vegas Sands, is the most profitable casino in the world MGM believes its Osaka integrated resort could eventually compete on that level MGM Osaka is expected to open in...
Caesars, Brightstar Lottery Among Gaming Industry AI Beneficiaries
Analyst sees gaming operators expanding use of artificial intelligence (AI) Casino operators with expansive rewards programs could be beneficiaries Sees potential benefits to lottery and sportsbook operators, too Artificial intelligence (AI) is being embraced across...
Caesars Should Seek Takeover Price Above $35, Says Analyst. Another Warns on Regulatory Issues.
Morningstar says Caesars should seek at least a 10% premium to the firm’s $35 fair value estimate Another analyst warned of potential regulatory headwinds if Fertitta wins the takeover tussle Caesars Entertainment (NASDAQ: CZR) should...
