5081 stories by Todd Shriber
Melee Lands $3.5 Million in Financing in Bid to Refresh Prediction Markets
Startup prediction markets firm raised $3.5 million from multiple investors Company wants to roll out “viral” prediction markets Melee, an upstart prediction markets firm, raised $3.5 million from several investors -- financing that could support the company’s efforts to refresh the event...
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...
Young Bettors Likely to Be Crypto, Stock Speculators, Too, Says TransUnion
Gen Z and millennial bettors are more likely to have crypto trading apps Many bettors are looking for “big payoffs” in the stock market, too Younger bettors increasingly embrace online sports wagering, are tepid on casino visits Gen Z and millennials are...
Robinhood Prediction Markets Biz on Pace for $200 Million in Revenue
Analyst estimate is based on September volume of $2.6 billion Analyst says Robinhood customers account for up to 35% of Kalshi volume on any given day Robinhood Markets’ (NASDAQ: HOOD) move into football prediction markets is already paying dividends for the company...
Brightstar Lottery Stock Has Multiple Growth Levers, Says Analyst
iLottery, international contracts could bolster case for the stock Analyst sees “improving setup,” says Italy concerns may be overstated In quiet fashion, shares of Brightstar Lottery (NYSE: BRSL) are higher by almost 33% over the past 90 days, and at least one...
Wynn UAE Casino Could Lure 3.5 Million Tourists to Home Island, Says Exec
CEO of Marjan Properties says Wynn casino hotel could help island reach annual visitation of 3.5 million by 2030 If all those tourists visit the Wynn integrated resort, yearly visitation could compare well with individual Las Vegas gaming venues Wynn Al Marjan...
Monarch Casino Still Picky on M&A, Could Deliver Another Special Dividend
Casino operator remains highly selective on mergers and acquisitions Analyst says another special dividend could be in the cards if Monarch doesn’t strike a deal over the next two years In its typically quiet fashion, Monarch Casino & Resort (NASDAQ: MCRI) stock...
Allwyn Buying Majority Stake in PrizePicks Valuing DFS Firm at $2.5 Billion
Swiss lottery operator buying 62.3% of DFS giant Deal includes initial cash payment of $1.6 billion, placing enterprise value of $2.5 billion on PrizePicks That exceeds latest valuation estimate on PrizePicks PrizePicks, which says it’s the largest daily fantasy sports (DFS) company...
Monarch Casino sigue siendo selectivo en materia de fusiones y adquisiciones, y podría ofrecer otro dividendo especial
El operador de casinos sigue siendo muy selectivo en materia de fusiones y adquisiciones Analista dice que podría haber otro dividendo especial si Monarch no cierra un acuerdo en los próximos dos años Con su habitual discreción, las acciones de Monarch Casino...
