5590 stories by Todd Shriber
Casino Union UNITE HERE Urges Congress to Ban Sports Prediction Markets, Citing Threat to Jobs
The UNITE HERE union is calling on Congress to outlaw sports prediction contracts as the landmark crypto-focused CLARITY Act inches toward a floor vote Industry analysts warn that the pending crypto framework could inadvertently legitimize decentralized betting platforms by removing key regulatory...
Robinhood Shifts World Cup Betting Volume to In-House ‘Rothera’ Exchange in Blow to Kalshi
Robinhood announced it will direct some World Cup event contracts through Rothera, its own prediction market That could affect the contract volume the company sends to partner Kalshi Rothera is a partnership between Robinhood and Susquehanna International Group Robinhood (NASDAQ: HOOD) is...
Penn Entertainment Faces Board Accountability Shake-Up as Key Proxy Firms Endorse Union Proposal
A nationwide labor union is pushing Penn shareholders to support declassification of the board Two major proxy advisory firms back the union’s proposal Penn’s annual meeting is on June 16 A labor union advocating that shareholders support its quest to declassify Penn...
Accel Entertainment Buys Louisiana Truck Stop Casino
Accel is buying the Rice Palace Truck Stop Casino in Crowley, La. Deal fits with buyer’s geographic diversification efforts Accel says transaction is “accretive” Distributed gaming operator Accel Entertainment (NYSE: ACEL) said today (June 3) that its Toucan Gaming, LLC unit is...
Texas Capital: Boyd Gaming Could Be Player for Caesars Assets Following Fertitta Takeover
Boyd Gaming is positioned to scoop up some casinos Caesars may sell according to analyst David Bain Boyd has ample “dry powder,” says Texas Capital analyst Management is “disciplined” and growth pipeline is “underappreciated” Boyd Gaming’s (NYSE: BYD) financial prudence could position...
Seaport: MGM Could Unload Macau, Japan Casinos in Diller Takeover
Analyst says there’s “some chance” Diller’s People Inc. could sell MGM’s Japan, Macau interests in a takeover MGM China is an “interesting piece in the puzzle MGM Osaka is scheduled to open in 2030 If Barry Diller’s People Inc. (NASDAQ: IAC) is...
DOJ Looking Into Former Rep. Santos Alleged Insider Trading on Kalshi
The former New York congressman was recently freed from prison by President Trump The Justice Department is investigating Santos for possibly having manipulated a market on Kalshi Santos was previously forced to resign from Congress and sentenced to 87 months in prison...
Polymarket Struts Its Stuff On Wall Street, Wraps Up GPU Block Trade
The prediction market operator closed its first institutional block trade It was a “six-figure” transaction between FalconX and AneraLabs The trade pertained to a “sizable position” on GPU compute prices As part of a broader effort to court more business from professional...
Diller’s $18 Billion MGM Bid Seen as Low, But His 26% Stake Blocks Rivals, Analysts Say
Barry Diller’s People Inc. is offering $48.30 a share for the casino operator, but the stock trades above that price There are no guarantees MGM will accept the offer Analysts say it’s hard to envision competing bids emerging On Monday (June 1),...
Exclusive: Wooden May Be in Running for High-Level Caesars Gig Following Fertitta Takeover
He currently serves as president of Fontainebleau Las Vegas The executive has ties to Fertitta, including a multi-year stint as president of Golden Nugget Las Vegas It could take up to a year for the Caesars acquisition to close With Tilman Fertitta’s...
