5588 stories by Todd Shriber
Crypto.com, Robinhood Launching Entertainment Event Contracts
Brokerage firms make announcements within a day of each other Crypto. Com is partnering with Hollywood.com Robinhood continues expansion of prediction markets menu Crypto.com and Robinhood Markets (NASDAQ: HOOD) are betting entertainment and pop culture event contracts will be gain traction with...
DraftKings, Flutter Drubbed by Bank of America Downgrades
DraftKings, Flutter extend declines on Bank of America downgrades Bank sees bumpy hold patterns emerging Analyst also mentions tax risks Shares of sportsbook giants DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) extended recent weakness on Tuesday after Bank of America (BofA)...
Caesars Downgraded, Waning Confidence in Casino Growth, Says Analyst
Slumping stock downgraded by Jefferies Confidence in land-based casino growth is “low,” says analyst Caesars could be forced to raise capital Already mired in a lengthy slump, shares of Caesars Entertainment (NASDAQ: CZR) faltered anew on Tuesday after a sell-side analyst downgraded...
In US Return, Polymarket Taking Fee Fight to Kalshi
Polymarket poised to have lower trading costs than rival Kalshi It’s not clear if the fee schedule will be a permanent fixture Polymarket aiming to be live in the US by the end of November Prediction markets operator Polymarket is readying a...
VICI Admits Caesars Regional Casinos Lease Has Been ‘Overhang’
Landlord admit issues with Caesars regional casino master lease are among factors weighing on its stock REIT mentions possibility of acquiring Caesars Convention Center on Las Vegas Strip Says its working with Caesars resolutions to regional lease concerns Shares of VICI Properties...
Resorts World NY Ups Casino MTA Forecast to $2.5 Billion
Queens casino expects to send $2.5 billion in taxes to MTA over the next four years That exceeds the $1.8 billion in MTA contributions expected from three downstate casinos Higher forecast attributed to Resorts World New York’s debut date as a traditional...
Underdog Already Garnering Prediction Market Perks
Daily fantasy sports company inked prediction markets deal in September Data indicate it’s already leading to more downloads of the Underdog app Last month, daily fantasy sports (DFS) operator Underdog entered into a prediction markets agreement with Crypto.com, marking the first integration...
Bally’s Extends Rhode Island Casino Sale Deadline to 2028
Move likely in response to creditor consortium not approving deal Rhode Island casino essentially acting as collateral for financing extended for Bally’s Chicago integrated resort Bally’s secured some much-needed breathing room in its quest to sell the property assets of the Twin...
Genius Sports Could Glean Prediction Market Benefits, Says Analyst
Recent stock weakness may be linked to prediction markets, but there’s more to the story Analyst sees Genius’ NFL relationship as “advantageous” in rising prediction markets scenario Shares of Genius Sports (NYSE: GENI) are off 4.26% over the past month, and while...
MGM Stung by Weak Las Vegas Results, $256M New York Charge
Another operator confirms Q3 was a disaster in Las Vegas MGM took a $256 million charge and $93 million in write-downs related to decision to withdraw from New York casino race CEO admits to Las Vegas pricing gaffes Shares of MGM Resorts...
