5402 stories by Todd Shriber
Fanatics Joins Illinois Surcharge Parade, But at Smaller Rate Than Rivals
Fanatics announced an Illinois surcharge of 25 cents per sports bet That’s half what rivals DraftKing, FanDuel said they’ll charge Illinois customers The list of Illinois sportsbook operators levying surcharges on bets following the state’s recent tax increase is again growing with...
Bally’s Selling Gamesys for $3.17B, Notches Profit on Digital Unit
Bally’s offloading interactive gaming unit about four years after acquiring it Greek lottery giant Intralot is the buyer and is paying for the deal in cash and equity Greek gaming company Intralot announced a cash and stock acquisition of Bally’s international interactive...
Riot Games Criticized for Embrace of Sports Betting Sponsorships
Game developer’s decision to consider sports wagering sponsorships met with criticism in eSports community eSports has had past brushes with betting scandals Last week, Riot Games announced it’s opening top-tier teams in its League of Legends and Valorant and eSports competitions to...
California Could Soon Make Fantasy Sports Illegal
Attorney General expected to release decision in coming days Lawmaker believes daily fantasy sports is a game of chance, which is prohibited under California law California Attorney General Rob Bonta (D) is expected to soon release an opinion rendering all fantasy sports...
Online Betting Stocks Can Extend Momentum Says Analyst
Online betting stocks have been on torrid paces of late Analysts sees DraftKings, data providers as top picks Online betting stocks, both of the business-to-business and consumer-facing varieties, have been ripping higher of late, and at least one analyst expects that momentum...
Kalshi Valuation Reaches $2 Billion Following $185 Million Funding Round
Several investors participated in Series C funding round CEO Mansour says Kalshi is one of the fastest-growing companies in the US Prediction markets giants Kalshi announced Wednesday that it raised $185 million, pushing its valuation to $2 billion. The Series C funding...
Light & Wonder Surges After Court Limits Disclosures in Aristocrat Suit
Court ruling limits disclosures Light & Wonder must make to Aristocrat Judge says Aristocrat must identify specific trade secrets its attempting to protect Shares of Light & Wonder (NASDAQ: LNW) soared Wednesday after the company won a favorable court ruling in slot...
Sharpton Endorses Caesars Palace Times Square, Investment Open to Locals
Civil rights activist supports Caesars New York City casino plan News arrives two days before applications are due for downstate licenses Opposition to the proposal remains The effort to bring a casino hotel to Times Square in New York City received a...
Wynn Corporate Bonds Supported by Buoyant UAE Casino Outlook
Wynn Resorts has junk credit ratings, but research firm sees opportunity with some of the issuer’s corporate debt Positive outlook supported in part by UAE casino hotel The three major ratings agencies apply junk grades to Wynn Resorts (NASDAQ: WYNN) corporate credit...
Kalshi Bettors Backing Socialist Mamdani Over Cuomo in NYC Mayoral Contest
New Yorkers heading to polls today to decide city’s next mayor Rapid shift on Kalshi shows bettors believe Mamdani will win Democratic nomination over former Gov. Cuomo In the first big political test for the accuracy of prediction markets since the 2024...
