5448 stories by Todd Shriber
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...
Coinbase Scammer Gambled at Crypto Casinos, Bought Rolexes
Investigator reveals culprit allegedly stole $4 million in Coinbase scam Bad actor gambled away some of the money at crypto casinos He also bought luxury items, including Rolex watches Christian “Daytwo” Nieves, allegedly the architect of a $4 million fraud enterprise that...
Weak NBA Finals Ratings Could Dent Sportsbook Operator Earnings
2025 Finals were among lowest-rated for the NBA in recent memory Series between two small city teams could be drag on sportsbook operator earnings The 2025 edition of the NBA Finals was exciting with the series going the maximum seven games while...
EXCLUSIVE: Resorts World Could Push for Vegas NBA Arena
Resorts World Las Vegas rumored to be interested in bidding for NBA arena North Strip casino hotel has over 42 acres of unused land NBA expansion could be in flux following Lakers sale Resorts World Las Vegas, the $4.3 billion casino hotel...
DraftKings Starts Political Action Committee
Gaming company forms PAC focusing on federal and state candidates Move could be in response to latest Illinois tax increase DraftKings has already been an active political donor DraftKings (NASDAQ: DKNG) filed with the Federal Election Commission (FEC) to start its first...
