5254 stories by Todd Shriber
Kalshi Wins Nevada Injunction, Sports Contracts Remain
Ruling sets stage for Kalshi to continue offering sports contracts in Nevada. Judge leans on federal regulation of prediction markets operator. Prediction markets operator Kalshi will continue offering sports-linked derivatives in Nevada after a federal judge granted the company an injunction against...
Churchill Downs ‘Flight-to-Quality’ Idea Among Gaming Stocks
Stock looks attractive ahead of Kentucky Derby Tariff uncertainty a headwind, but Derby could be bigger catalyst With the Kentucky Derby just a few weeks away, Churchill Downs (NASDAQ: CHDN) could be ready to take its turn in the gaming stock spotlight....
Saks Fifth Avenue Drops Bid for Casino at New York Flagship Store
Retailer won’t proceed with New York City casino plan Group of New York City casino bidders falls to 10 Saks Fifth Avenue is reportedly dropping plans to bid for one of the yet-to-be-awarded downstate casino licenses in New York City. A report...
Portnoy Hoped Trump Would Deliver Stock Market ‘Victory’
Comments came after he claimed to have lost $20 million . He remains a fan of the president. Barstool Sports founder David Portnoy’s pre-market wish was granted today when President Trump delivered the “victory” the brash sports bettor and avid trader was...
Protect the High Line Pushes Bottcher to Oppose Wynn Casino
Group wants councilmember to oppose zoning changes. City Planning Commission has advanced those alterations. With the City Planning Commission (CPC) advancing to the New York City Council an application by Related Cos. to rezone Western Rail Yards -- a plan that includes...
Fertitta Boosts Wynn Stake as Stock Struggles Amid Tariff Turmoil
Fertitta recently added to Wynn position, taking stake to about 13%. Buys came ahead of Wednesday rally. In what now appears to be a series of series of exceptionally well-timed purchases, Tilman Fertitta added to his stake in Wynn Resorts (NASDAQ: WYNN),...
Sphere Pitches Nevada Incorporation, Eyeing Delaware Departure
Sphere Entertainment wants investors to vote on Nevada incorporation List of companies leaving Delaware increasing Sphere Entertainment’s (NYSE: SPHR) marquee venue is located in Las Vegas and its corporate headquarters are in New York, but as is the case with so many...
Kalshi CEO Leans on Federal Regulation, Ready for State Fights
Kalshi CEO reiterates that company is regulated at the federal level. Cites federal preemption as supporting factor in company’s state-level battles. Prediction markets operator Kalshi is facing state-level action across the country, including several cease-and-desist letters, but co-founder and CEO Tarek Mansour...
Flutter, IGT ‘Best in Class’ Gaming Stocks Amid Tariff Unrest
Flutter, IGT could be resilient if a recession materializes, says Stifel. Duo could outperform other gaming stocks as tariff uncertainty lingers. Gaming stocks have been walloped by the US applying tariffs to various trading partners -- a move that’s heightened the risks...
Bally’s Star Deal Risky, More Capital May Be Needed, Says CBRE
Bally’s is shelling out nearly $150 million to save the Aussie casino operator Analysts say the transaction is fraught with risks for the buyer News emerged late Sunday that Bally’s (NYSE: BALY.T) is partnering with Australian businessman Bruce Mathieson to essentially save...
