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Todd Shriber
5639 stories by Todd Shriber
Penn Entertainment Overhauls Corporate Ranks Following End of ESPN Bet
Regional casino operator makes sweeping changes to its leadership team. Changes arrive two months after ESPN Bet relationship was eliminated. Two executive vice presidents are out. Nearly two months to the day after the company...
Maine Voters Strongly Oppose iGaming
Poll emerges ahead of opening of veto window Gov. Mills has from Wednesday through Friday to veto LD 1164 -- a bill that could legalize internet casinos in the state Just 16% support legalization, according...
No States Will Approve iGaming, Sports Betting in 2026, Says Analyst
Bleak outlook for US gaming expansion this year Sports betting is legal in 39 states and Washington, DC Adding to that list this year appears unlikely, says a sell-side analyst Currently, 39 states and Washington,...
AI Prone to Problem Betting Patterns, Even Addictive Behavior, Says Study
In betting environments, AI takes on human-like behavior and the results are bad. Study indicates large language models (LLMs) are vulnerable to addictive behavior. The models also engage in the gambler’s fallacy. Bettors thinking about...
Macau Casino Stocks Still Discounted, Could Rally Anew in 2026
2026 Macau GGR estimates could prove conservative. Macau casino stocks could be ways to play China recovery, says analyst. Group trades at compelling discounts. Coming off a strong 2025 in which concessionaires won $30.9 billion,...
DraftKings Among J.P. Morgan’s Top Ideas for 2026
The sports betting stock had a rough 2025. DraftKings is the only gaming name on the bank’s list of nearly 60 equity ideas for 2026. DraftKings (NASDAQ: DKNG) stock endured a forgettable 2025, slumping 6.53%...
Sports Betting Alliance Sues Chicago Over Permitting Fees, Taxes
The trade group says a licensing requirement in the city’s new budget could chase operators out of the Windy City. The budget goes into effect on Thursday, Jan. 1. SBA’s suit also emphasizes the budget’s...
Coinbase Sees ‘Transformative Period’ Emerging for Prediction Markets
Coinbase sees prediction markets reaching “greater scale and liquidity.” Says fragmentation could spur evolution of prediction market aggregators. Cryptocurrency brokerage giant recently unveiled its prediction market plans. Coinbase Global (NASDAQ: COIN), the cryptocurrency brokerage firm...
Kraken Could Be Next Crypto Broker to Enter Prediction Markets
The cyrptocurrency brokerage house is planning a 2026 prediction markets push. It obtained the related licensing via an October acquisition. Kraken would join several rivals in prediction markets space. Industry observers positioning 2026 prediction markets...
Caesars, Penn Still Contending with Elevated Debt Levels, Says Analyst
Casino operators’ debt/EBITDA levels elevated relative to peers. Analyst says coverage ratios are somewhat low. He adds high debt can hinder asset-level investment. Shares of Caesars Entertainment (NASDAQ: CZR) and Penn Entertainment (NASDAQ: PENN) flailed...
