5136 stories by Todd Shriber
Kalshi Lawyer Leaves for DOGE Role as State Legal Challenges Rise
Eliezer Mishory reportedly departing Kalshi for DOGE job tied to the SEC Move comes as prediction markets operator is facing state-level legal issues In a move some market observers are characterizing as a case of interesting timing, Eliezer Mishory is reportedly leaving...
Light & Wonder Rallies on ‘Dragon Train’ Suit Update
Company reaffirms 2025 EBITDA target of $1.4 billion Says it halted development of a new slot machine to address Aristocrat concerns Shares of Light & Wonder (NASDAQ: LNW) gained 4.64% today on above-average volume after the slot machine manufacturer updated investors on...
If Bally’s Wins Bronx Casino License, Trump Gets $115M Windfall
Potential payment included in agreement to acquire golf course operating rights Bally’s bought lease rights for Ferry Point course in 2023 If Bally’s is successful in procuring a Bronx casino license, that would mean a $115 million payday for the Trump Organization,...
Sportradar Forecasts Big Earnings, Revenue Growth
Stock trades higher as company forecasts big bottom, top line growth Sees expanded use of artificial intelligence (AI) Shares of Sportradar (NASDAQ: SRAD) closed higher Tuesday after the sports betting data provided told shareholders it expects massive earnings and revenue growth through...
Wynn to Enjoy Potentially Lengthy UAE Monopoly, Says CBRE
Wynn likely to have longer-than-expected head start in UAE Regulators unlikely to approve second casino license over near term Albeit temporary, Wynn Resorts’ (NASDAQ: WYNN) monopoly over casino gaming in the United Arab Emirates (UAE) could last longer than expected. Wynn Al...
Bally’s Hit With Credit Downgrade on Chicago Casino Risk
Bally’s credit rating approaching dubious “CCC” territory Risks in Chicago among reasons for downgrade Due in part to risk tied to the operator’s Chicago casino hotel plans, Bally’s (NYSE: BALY.T) saw its credit rating downgraded to “B-“ from “B” by Fitch Ratings,...
Light & Wonder Stock Hindered by Legal Woes, Says Analyst
Stock is reeling amid specter of more legal issues Aristocrat Dragon Train litigation could be expanded to include another game Shares of Light & Wonder (NASDAQ: LNW) slid nearly 11% last Friday, a slump that extended into Monday’s trading session, as investors...
Kalshi Takes Legal Action Against Nevada, New Jersey Regulators
Prediction markets operator believes it's protected under Commodities Exchange Act Kalshi is seeking immediate injunctive relief in the states after regulators issued cease-and-desist letters Prediction markets giant Kalshi has filed suits against the Nevada Gaming Control Board (NGCB) and the New Jersey...
Queens Casino Plan Lifted by Liu Parkland Bill
Cohen’s Queens casino pitch gets boost from parkland bill Legislation is pivotal to hopes of bringing casino to Willets Point A plan by New York Mets owner Steve Cohen to bring a casino hotel to the area near Citi Field received a...
Churchill Downs Named Top Risk-Reward Idea Among Gaming Stocks
Stock has slumped this year Investments at Kentucky racetrack could pay dividends As confirmed by 16.71% year-to-date decline, Churchill Downs (NASDAQ: CHDN) is following other gaming stocks to the downside since the start of 2025 – the result of tepid consumer sentiment...
