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Todd Shriber
5851 stories by Todd Shriber
IG Group CEO Corcoran Queries Prediction Market Volume, Sees Supreme Court Stepping In
IG Group (LON: IGG) CEO Breon Corcoran is questioning how major prediction market platforms report trading volume, while noting the U.S. Supreme Court may soon be forced to deliver critical legal clarity on event contracts....
CFTC Codifies Rule Stating Casino-Style Wagers, Including Sports Bets, Aren’t Swaps
In what prediction market and sports betting industry insiders are calling a late Friday surprise, the Commodity Futures Trading Commission (CFTC) announced that it is codifying a rule clarifying that “casino-style gambling products” do not...
Fontainebleau Owner Wants to Refresh Florida Casino
Jeffrey Soffer’s Fontainebleau Development, the company behind the flagship Las Vegas Strip casino resort, is proposing a major overhaul of its Big Easy Casino in Hallandale Beach, Fla. An aerial view of the Big Easy...
Sands CEO Dumont Rules Out Casino at Proposed Dallas Mavericks Arena Site
Las Vegas Sands (NYSE: LVS) CEO Patrick Dumont said the Dallas Mavericks’ quest for a new arena won’t include plans for a casino hotel. Dallas Mavericks owner and Las Vegas Sands CEO Patrick Dumont says...
San Manuel Nation Acquires Fairmont Scottsdale Princess, Expanding Non-Gaming Portfolio
The San Manuel Investment Authority, the investment arm of Southern California’s Yuhaaviatam of San Manuel Nation, has acquired the Fairmont Scottsdale Princess in Scottsdale, Ariz., further expanding its non-gaming luxury footprint. The San Manuel Investment...
Billionaire Mike Repole Buys 1.5% Stake in Churchill Downs
Beverage billionaire and racehorse owner Mike Repole has taken a major stake in Churchill Downs (NASDAQ: CHDN). Churchill Downs in Kentucky. Mike Repole now owns 1.5% of the gaming stock. (Image: Churchill Downs) With stock...
Wynn UAE Casino Could Top Estimates, Analyst Draws Singapore Parallel
Geopolitical tensions in the Middle East have weighed heavily on Wynn Resorts (NASDAQ: WYNN) this year. However, some Wall Street analysts believe the operator’s upcoming United Arab Emirates casino resort will ultimately become a major...
Macquarie Trims Price Targets for DraftKings, Flutter Ahead of Q3 Earnings
Ahead of third-quarter earnings, Macquarie analyst Chad Beynon slightly lowered price targets across the sports betting sector—including top picks DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT)—while maintaining an overall bullish outlook on the group....
FanDuel Lands FCM License Independent of CME Partnership
FanDuel has secured a futures commission merchant (FCM) license through the National Futures Association, paving the way for the gaming giant to directly broker event contracts and expanding its reach into financial derivatives. A FanDuel...
PrizePicks Pulls Team Picks in Missouri Following Regulatory Pressure
PrizePicks is pulling its "Team Picks" offering in Missouri, responding to updated regulatory scrutiny around sports-based prediction markets in the Show-Me State. Citing new prediction market regulations in the state, PrizePicks is suspending its Team...
