5218 stories by Todd Shriber
Vora Claps Back at Penn Committee, Says it ‘Lacked Rational Basis’
Hedge fund takes issue with findings of Penn special legal committee That committee found Penn’s move to reduce board size didn’t violate any rules Vora say it wasn’t consulted when committee was created HG Vora, the hedge fund with a long-running legal...
Wynn Sees UAE Casino Stoking Tourism Boom, Demand Outpacing Supply
Wynn says $3.4 billion of the UAE casino hotel’s $5.1 billion budget is spent or bought out Company sees resort stoking tourism surge with demand outpacing room supply Operator estimates Wynn Al Marjan Island will open in Q1 2027 Wynn Resorts (NASDAQ:...
Cipriani Files Civil RICO Case Against Resorts World Las Vegas, a Rarity in Casino Industry
Cipriani and a co-plaintiff allege Resorts World Las Vegas knowingly allowed criminals to launder money there Plaintiffs believe the casino resort suffers top down rot in leadership, including parent company Genting Former executive Scott Sibella among named defendants High stakes gambler R.J....
Fanatics Beats DraftKings, FanDuel to Prediction Markets Punch, Goes Live in 10 States
Fanatics Markets went live in 10 states today That number will eventually grow to 24 and include California and Texas Company is partnering with Crypto.com Fanatics Markets, that company’s prediction markets platform, went live in 10 states on Wednesday, beating rivals DraftKings...
Penn Justified in Reducing Board Size, Says Legal Committee; Vora Wanted to Sell Company
Legal committee says casino operator made “informed” decision to reduce board size That move resulted in a lawsuit by hedge fund HG Vora The special litigation committee is independent A special litigation committee formed by Penn Entertainment’s (NASDAQ: PENN) board of directors...
CNN Reaches Deal with Trump-Advised Kalshi
It’s the first major media partnership for Kalshi Reports surfaced on day it was confirmed Kalshi raised $1 billion Donald Trump Jr. is an adviser to Kalshi Cable network CNN and Kalshi reportedly have reached an agreement that will lead to prominent...
Accel Buys Nevada Route Operations in Earnings-Boosting Deal
Accel Entertainment is acquiring Nevada route operation assets of Dynasty Games Buyer says deal will lift 2026 earnings Accel Entertainment (NYSE: ACEL) said today its Century Gaming Technologies Nevada unit is acquiring the route operation assets of Dynasty Games, boosting its footprint...
Cathie Wood’s ARK Invests in Kalshi
Famed growth investor’s firm participated in Kalshi’s latest funding round The ARK Venture Fund now holds a stake in the prediction markets operator Kalshi isn’t the fund’s only prediction markets-related holding Cathie Wood’s ARK Investment Management announced that its an investor in...
Bally’s NYC Casino Win a $115 Million Victory for Trump, Company Could Sell Tropicana Rights
Bally’s recommended for one of three downstate casino licenses Should it win one of those permits, it will owe the Trump Organization $115 million Regional casino operator wants to build a $4 billion gaming venue in the Bronx Bally’s (NYSE: BALY) inched...
Blackstone Divests CityCenter Las Vegas Stake to Realty Income for $800M
Private equity firm acquired CityCenter real estate in 2021 The REIT is acquiring a preferred equity interest It’s Realty Income’s third casino deal and second with Blackstone Blackstone’s (NYSE: BX) Blackstone Real Estate Income Trust (BREIT) and Realty Income (NYSE: O) announced...
