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Todd Shriber
5640 stories by Todd Shriber
DraftKings Sold at Least $100M in Stock, According to SEC
Stock sale could be tied to recently announced Railbird acquisition Regulatory document indicates DraftKings sold “over $100 million” of equity DraftKings (NASDAQ: DKNG) appears to be have sold of over $100 million worth of stock,...
Gambler R.J. Cipriani Scores Legal Win in Resorts World Las Vegas Case
Ninth Circuit Court sends case against Resorts World back to lower court Appellate court says district court “abused discretion” in application of legal estoppel Case against former executive Sibella was dismissed R.J. Cipriani, a well-known...
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...
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...
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...
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...
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...
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...
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...
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...
