5081 stories by Todd Shriber
Caesars, MGM Most Shorted Consumer Cyclical Stocks in August
Caesars, MGM favorite targets of short sellers in August Overall bearish bets against casino stocks declined last month Short sellers sank their teeth into Caesars Entertainment (NASDAQ: CZR) and MGM Resorts International (NYSE: MGM) last month, making the two casino equities the...
Bally’s Selling Rhode Island Casino for $735 Million, Will Lease Back Property
Property is one of two Rhode Island casinos operated by Bally’s The company previously executed a similar transaction with its Tiverton casino Gaming and Leisure Properties is buying the property and it will lease it back to Bally’s Bally’s is selling the...
Congress, SCOTUS Action Needed for Prediction Markets Clarity
Legal expert says Congress or the Supreme Court may need to act to bring clarity to prediction markets debate An alternative is states issuing uniform rulings Clarity could benefit gaming companies over yes/no exchanges It could take congressional action, a ruling by...
Super Group Stock Soars as Africa Bets Hit
It’s one of this year’s best-performing gaming stocks despite leaving the US market Africa supports the investment thesis Already one of this year’s best-performing equities, Super Group (NYSE: SGHC) landed a new fan Monday when a well-known sell-side analyst initiated coverage of...
Sports Betting Doesn’t Lead to Bankruptcies, Lower Credit Scores, Says Study
Study runs counter to previous ones showing declining consumer credit in OSB states PPI says credit scores rose slightly in “early adopter” states Regulated online sports betting (OSB) isn’t driving increased bankruptcy filings and declining credit scores in the states that permit...
Polymarket Mulling Capital Raise at $9 Billion Valuation, Kalshi at $5 Billion
Reports indicate Polymarket is considering raising capital at $9 billion valuation That’s well in excess of the $1 billion valuation at its last funding round Rival Kalshi is said to be mulling raising capital at a $5 billion valuation Prediction market behemoths...
Slips Rolls Out AI-Powered P-to-P Prediction Markets
Peer-to-Peer betting app company wades into prediction markets fray It’s an expansion of company’s Heads Up and Pools offerings Slips, the company behind a social gaming-infused peer-to-peer wagering application, announced it is rolling out prediction markets powered by artificial intelligence (AI). The...
MGM Director Meister Slightly Trims Stake in Casino Stock
MGM board member sold 242,000 shares of gaming stock this week His hedge fund Corvex Management still owns nearly 5.39 million MGM shares Keith Meister, the hedge fund manager who’s a member of the board of directors at MGM Resorts International (NYSE:...
Kalshi Yanks Charlie Kirk Bets, Polymarket Debuts US Civil War Market
Prediction markets respond to death of conservative activist Kalshi pulls markets related to Kirk’s political future Polymarket launches trading on possibility of another civil war Kalshi responded to the death of conservative activist and commentator Charlie Kirk by pulling betting markets related...
California Class Action Suit Against FanDuel Dropped…For Now
Plaintiff voluntarily temporarily withdraws suit filed in July Could be a sign a settlement is in the works The plaintiff in a California class action suit against FanDuel has voluntarily withdrawn his complaint, indicating that at least for now, the gaming company...
