Main menu
Todd Shriber
5750 stories by Todd Shriber
Bally’s Seeking Financing, Could Sell Las Vegas Casino Site to Raise It
In a bid to satisfy its creditors and maintain loan compliance, Bally’s is weighing potential asset sales and equity offerings. Bally's Atlantic City. The company may need to explore asset or equity sales to raise...
DraftKings Selling $600M in Debt to Repurchase Convertible Bonds
DraftKings (NASDAQ: DKNG) has announced syndication for a planned $600 million senior secured term loan B credit facility, the proceeds of which will be used to repurchase convertible bonds. DraftKings is selling $600 million in...
Bally’s Colorado Casino Workers Become State’s First to Unionize
In a landmark move for Colorado casino workers, employees across Bally’s three Black Hawk properties voted to organize with Teamsters Local 455, according to union officials. Table games at one Bally's Black Hawk, Colo. casinos....
Reclusive Billionaire Kenneth Dart Triggers Mandatory $13.8B Bid for Evolution
Swedish gaming giant Evolution AB has received a $13.8 billion takeover offer from Kenneth Dart’s Candle Lake Ltd., though the reclusive billionaire is unlikely to actually acquire the company. Evolution has an acquisition offer from...
JPMorgan Severed Banking Ties With Polymarket, But the Companies Aren’t Entirely Separated
JPMorgan Chase (NYSE: JPM) reportedly ended its banking relationship with Polymarket last October as regulatory scrutiny intensified around the prediction market operator. Polymarket was reportedly debanked by JPMorgan Chase last October. (Photo Illustration by Thomas...
‘We Have a Problem’: 26% of Gen Z Views Sports Betting as Long-Term Financial Investment
Gen Z’s affection for sports betting and prediction markets is no secret, but a new survey from Betterment reveals a troubling trend: a quarter of young adults now treat sports wagers as a core part...
DraftKings Monetizes Rewards Points with New ‘Crown Cash’ Feature
DraftKings is enhancing its namesake loyalty program with the introduction of Crown Cash -- a “currency” aimed at putting clear value on customers’ accumulated points. DraftKings introduced Crown Crash, which makes it easy to value...
Carl Icahn Offered $34 a Share for Caesars, Topping Fertitta Bid in SEC Filing
Carl Icahn offered to acquire Caesars Entertainment (NASDAQ: CZR) for $34 per share last month, topping a $31 offer from Tilman Fertitta’s Fertitta Entertainment Inc. However, fresh regulatory filings reveal the gaming giant remains unmoved...
TransAct Technologies Exploring Sale of Casino, Gaming Business
TransAct Technologies (NASDAQ: TACT) is exploring a potential sale of its casino gaming business as part of a strategic effort to unlock shareholder value and sharpen its focus on enterprise software. TransAct Technologies, one of...
MEMX Seeks SEC Approval to Launch Prediction Markets on Corporate Earnings, KPIs
Exchange operator MEMX has filed with the Securities and Exchange Commission (SEC) to list event contracts tied to corporate earnings reports and key performance indicators of public companies. Traders on the floor of the New...
