5448 stories by Todd Shriber
Kalshi, Musk’s xAI Strike Deal Bringing Prediction Markets to Grok
Kalshi reaches deal with xAI two months after premature announcement Partnership includes using Grok for analysis of prediction markets News emerges after social media platform struck deal with Polymarket Prediction markets operator Kalshi and Elon Musk’s xAI have a deal in place...
Churchill Downs Unveils New $500 Million Buyback Plan
Share repurchase program announced in conjunction with Q2 results Replaces buyback plan announced in March Shares of Churchill Downs (NASDAQ: CHDN) are pointing higher Thursday after the gaming company reported mixed second-quarter results late Wednesday. Expansion of the operator’s shareholder rewards program...
Some Sports Bettors Skip Bills, Including Rent, to Fund Wagers
U.S. News survey indicates some sports bettor are financially imperiled Bad habits include skipping bill payments, including rent, to fund wagers Some bettors are accumulating debt due to their wagering habit There’s financial downside to increased access to regulated online sports betting...
Penn Entertainment Earnings: ESPN Bet in Focus
Penn stock has been solid of late, but ahead of the NFL season, ESPN Bet questions linger Regional casinos will also be a point of emphasis on the upcoming earnings call Penn Entertainment (NASDAQ: PENN), the largest operator of regional casinos in...
Caesars Poised to Miss Q2 Earnings Forecasts, Says Analyst
Caesars is likely to miss Q2 estimates due to weakness on the Las Vegas Strip Third quarter might not be much better Analyst also lowers regional casino estimates, but do to one-off issues Caesars Entertainment (NASDAQ: CZR) delivers second-quarter results after the...
DraftKings Ready to Deliver Earnings Catalysts, Says Morgan Stanley
Stock has a knack for notable post-earnings moves Q2 could be best hold quarter in some time DraftKings (NASDAQ: DKNG) steps into the earnings confessional on Wednesday, August 6, and some market observers are wagering the second quarter could be the first...
Former Analyst Santarelli Joining Gaming and Leisure Properties
Carlo Santarelli most recently covered the gaming industry at Deutsche Bank He’s joining gaming REIT as a senior vice president Santarelli has more than 25 years of industry experience Gaming and Leisure Properties (NASDAQ: GLPI) announced Tuesday it's hired Carlo Santarelli, a...
Resorts World Pitches Biggest New York City Casino
Genting says Queens casino could convert to largest in the city Venue could open in a year if it wins a downstate casino license In a Monday pitch before a community advisory committee (CAC), Genting said its Resorts World New York would...
Las Vegas Strip Sentiment in the Doldrums, Says Analyst
Ahead of Q2 earnings reports, Q3 already shaping up to be disappointing Analyst says RevPar, July rate checks trending downward Shares of MGM Resorts International (NYSE: MGM) and Caesars Entertainment (NASDAQ: CZR), the two largest operators on the Las Vegas Strip, have...
GLP-1s Could Have Long-Term Ramifications for iGaming
Weight loss drugs could damp impulse spending Expert sees possibility of small decline in iGaming, casino spending over time Whether it’s Mounjaro, Ozempic, Wegovy, or Zepbound, among others, there’s no denying weight loss drugs are popular and the market is expected to...
