5081 stories by Todd Shriber
Robinhood Partners with Kalshi on Super Bowl Betting Contracts
In advance of the Super Bowl, Robinhood (NASDAQ: HOOD) announced today that it is offering event contracts on the game to customers of its Robinhood Derivatives platform. The brokerage, which entered the fast-growing event contracts space prior to the 2024 presidential election,...
Sphere Entertainment’s MSG Could Be Rescued by Amazon
Sphere Entertainment (NYSE: SPHR) could find relief from the albatross of MSG Networks’ debt should rumors that the regional sports network (RSN) is holding talks with Amazon (NASDAQ: AMZN) prove true. Citing unidentified sources familiar with the matter, The New York Post...
Vora Nominees to Penn Board Viable, Says Analyst
Earlier this week, hedge fund HG Vora nominated three candidates to Penn Entertainment’s (NASDAQ: PENN) board of directors, signaling it’s ready for a proxy fight with the regional casino operator. Those nominees are viewed as valid in the eyes of at least...
VICI Could Eye Acquisition of Caesars Forum, Says Analyst
VICI Properties (NYSE: VICI) could consider purchasing the Caesars Forum convention center on the Las Vegas Strip, which the real estate investment trust (REIT) has an option to buy. That’s the take of Deutsche Bank analyst Carlo Santarelli who recently met with...
Sands Concerned About NY iGaming, Eyes Thailand Casino
Las Vegas Sands (NYSE: LVS) remains interested in bringing a casino hotel to the New York City market, but the operator is aware that iGaming could become a reality in the state, potentially presenting challenges to brick-and-mortar gaming venues. On a Wednesday...
Bally’s Hit with Suit Over Chicago Casino IPO Excluding White Men
Bally’s (NYSE: BALY) was hit with a lawsuit over its plan to sell equity in its planned Chicago casino hotel to essentially anyone but white men. The suit was filed by the Wisconsin Institute for Law & Liberty (WILL) against the City...
Penn Promises to Review HG Vora Demand for Board Seats
Shares of Penn Entertainment (NASDAQ: PENN) gained 1.06% in after-hours trading Wednesday after an investor said it’s readying a proxy fight, and as the gaming firm confirmed it received that shareholder’s demand for board seats. On Wednesday, HG Vora indicated it’s ready...
Super Bowl Will Bring More Bets, Smaller Wagers Says Research Firm
The Super Bowl is the most wagered-on individual sporting event in the US and while the big game drives an increase in the number of bets made, data indicate wager size often declines. A new report by Optimove indicates that the Super...
HG Vora Preps Proxy Fight Against Penn, Nominates Three Directors
HG Vora appears to be taking a proxy fight to Penn Entertainment (NASDAQ: PENN) and has submitted three nominations to the regional casino operator’s board of directors, marking the first time in the asset manager’s history that it’s nominated directors to a...
Star Entertainment Selling Assets as Cerberus Eyes Debt
Embattled Australian casino operator Star Entertainment is selling assets to raise cash as at least one money manager is eyeing purchases of the gaming company’s debt. In a Wednesday filing with the Australian Securities Exchange (ASX), Star announced that it’s selling The...
