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Todd Shriber
5694 stories by Todd Shriber
Prediction Market Startup Pascal Lands $9M in First Funding Round
Pascal closed $9 million in Series A financing as the startup prediction market looks to compete with the industry’s big boys. Pascal, a startup prediction market, landed $9 million in Series A financing. (Image: Shutterstock)...
Gaming Corporate Bonds Crimped by Rise of Prediction Markets
Amid perceived rising competitive pressures from prediction markets, credit investors are demanding more compensation to own corporate debt issued by casino and sportsbook operators. The Las Vegas Strip. Investors are demanding more compensation to own...
Stifel: Wynn Stock ‘Seems Crazy’ As It Assigns Nearly No Value for Macau, UAE
Shares of Wynn Resorts (NASDAQ: WYNN) are off 18% year-to-date while the S&P 500 is hovering around a double-digit gain as investors fret about the gaming company’s United Arab Emirates (UAE) project and weakness in...
Penn Tapped as Top Regional Casino Stock as Churchill Downs Mulls Gaming Exit
Second-quarter earnings season kicks off in earnest for casino stocks next week. Penn Entertainment (NASDAQ: PENN) is scheduled to report on Thursday, Aug. 6. Ahead of the release, one research firm named the stock one...
FanDuel Founder Nigel Eccles Keeps Lawsuit Against PE Backers Alive as Court Denies Dismissal
FanDuel co-founder Nigel Eccles scored a crucial legal victory last week when the New York Supreme Court denied a motion for dismissal brought by the private equity companies he and his colleagues are suing. FanDuel...
Texas Capital Securities: Full House Stock Can More Than Double
Shares of Full House Resorts (NASDAQ: FLL) are off 43.43% over the past year, but the regional casino operator could deliver massive upside if it can execute at its marquee new properties in Colorado and...
MGM’s Empire City Holds Firm Despite Resorts World Table Games Launch
Facing increased competition in the form of newly launched table games at Resorts World New York, MGM Resorts International’s (NYSE: MGM) Empire City Casino is holding up well. MGM's Empire City Casino in Yonkers, NY....
Fresh Off SpaceX Win, XOVR ETF Bets $30 Million on Kalshi
Kalshi is still a privately held company, but the prediction market giant has found its way into another exchange-traded fund (ETF). Kalshi is still a private company, but it landed in another ETF. (Image: Getty)...
Kalshi Rebuffs Think Tank Claim Regular Traders Lost $584 Million on Platform
The Roosevelt Institute estimates that casual traders on Kalshi lost $583.5 million between July 2021 and May 2026—a massive figure the prediction market operator strongly disputes, pointing to what it calls a fundamental calculation error...
Mark Cuban Sparks Legal Battle With Sands CEO Dumont Over New Mavericks Arena Deal
Mark Cuban has launched a legal battle against Dallas Mavericks majority owner Patrick Dumont, alleging “adversarial business practices” over a plan to move the NBA team to a new site within the DFW Metroplex. Mark...
