5173 stories by Todd Shriber
PrizePicks Teams Up with Polymarket on Prediction Markets Push
PrizePicks will feature Polymarket event contracts on its mobile app PrizePicks expected to soon launch its prediction markets platform Prediction markets behemoth Polymarket and PrizePicks, one of the top daily fantasy sports (DFS) operators, announced a partnership Tuesday through which the former...
DraftKings Hit with Downgrade, Price Target Cut
CBRE Equity Research downgrades stock, slashes price target Analyst cites prediction market concerns, related spending, among other factors Investors are resetting expectations, says research firm Shares of DraftKings (NASDAQ: DKNG) are trading slightly lower early Tuesday after the beleaguered gaming stock was...
Kalshi-Backed Poll Says 90% of Voters Support Prediction Markets
Results aren’t exactly surprising in Axis Research poll Survey claims respondents back prediction markets in their current form and believe the industry should be regulated federally Poll arrives against the backdrop of souring attitudes toward sports betting In perhaps some of the...
Wynn to Contribute up to $50 Million to New Project Near UAE Casino
Partners behind Wynn Al Marjan Island will develop a ritzy hotel near the casino resort New venue will be built on Wynn’s land bank and is slated to open in 2028 Wynn expected to contribute $25 million to $50 million to project...
Affinity, Owner of Las Vegas, Primm Casinos, Reportedly Seeking Debt Deal
Company is reportedly working with investment bank Moelis. Creditors said to have hired a law firm known for Chapter 11 expertise. Affinity owns several Las Vegas-area and regional casinos. Affinity Interactive, the owner of the Silver Sevens Hotel & Casino in Las...
Red Rock Resorts Stock Entering S&P Small-Cap Index
Casino stock entering widely followed small-cap index. Promotion is tied to another gaming name. Shares of Red Rock Resorts (NASDAQ: RRR) rallied Friday on news the casino stock will soon enter the S&P SmallCap 600 Index. Interestingly, that promotion is somewhat tied...
Penn Stock Upgraded Following ESPN Bet Departure
Analyst says ESPN Bet was an “overhang” on Penn stock New price target implies upside of almost 50% He says under-performance following the news is surprising Shares of Penn Entertainment (NASDAQ: PENN) are again pointed lower Friday -- a day after the...
DraftKings Trims 2025 Guidance Despite Inclusion of Missouri, Prediction Markets
Stock slumps late Thursday on news of downwardly revised 2025 EBITDA, revenue forecasts. Updated outlook includes addition of Missouri sports betting and DraftKings Predictions. Extending a now lengthy slide, shares of DraftKings (NASDAQ: DKNG) tumbled during Thursday’s after-hours session after pared its...
DraftKings to Fill ESPN Bet Void
Penn Entertainment announced it's terminating its relationship with ESPN following disappointing performance DraftKings will step into the role previously occupied by Penn The ESPN Bet app is expected to stay alive, supported by DraftKings odds and technology. Following news that Penn Entertainment...
Golden Entertainment Surges on Go Private Deal, $1.16 Billion Sale-Leaseback with VICI
CEO Blake Sartini is buying the Strat operator, valuing it at $30 a share Golden is entering into a $1.16 billion sale-leaseback deal with VICI Properties pertaining to its seven Nevada casinos News announced on same day an investor pushed for this...
