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Todd Shriber
5850 stories by Todd Shriber
Caesars, MGM Signal Prediction Markets Aren’t Worth the Risk
Caesars Entertainment (NASDAQ: CZR) and MGM Resorts International (NYSE: MGM), the two largest casino operators on the Las Vegas Strip, are steering clear of prediction markets over concerns that entering the space could jeopardize their...
Good News for Sydney Sweeney as Novig Valuation Hits $2 Billion
Novig, one of the fastest-growing prediction market operators, has reportedly concluded a funding round that quadruples its valuation to $2 billion. Actress Sydney Sweeney. Her net worth may benefit after Novig's valuation hit $2 billion....
Robinhood to Offer Cboe Earnings Prediction Markets Ahead of Q3 Earnings Season
Robinhood Markets (NASDAQ: HOOD) will be the first retail broker to offer Cboe Global Markets (BATS: CBOE) event contracts linked to corporate earnings reports and key performance metrics, the company announced Wednesday at its annual...
Steve Wynn Fighting Mamdani Pied-à-Terre Tax, Says It’s ‘Unconstitutional’
Former Commerce Secretary Wilbur Ross and casino magnate Steve Wynn are suing New York over a new pied-à-terre tax championed by Mayor Zohran Mamdani, arguing the second-home surcharge is unconstitutional. Steve Wynn is part of...
Polymarket Hires Former Goldman Sachs Partner to Steer Institutional Growth
As part of a broader effort to lure more business from institutional market participants, Polymarket announced today that it hired former Goldman Sachs partner Lisa Mantil as head of institutional growth. A Polymarket billboard. The...
Coinbase, CMCC Invest in Prediction Market Liquidity Provider Raven at $90M Valuation
Raven, a liquidity provider to prediction markets, recently closed a financing round led by Coinbase Ventures and CMCC Global that values the firm at $90 million. Coinbase and CMCC Global invested in Raven, a market...
Flutter Stock May Have Overreacted to Brazil iGaming, Sports Betting Ban
Shares of Flutter Entertainment (NYSE: FLUT) slumped on Monday after Brazil announced a ban on iGaming and online sports betting (OSB), but that may be a case of overreaction because the company’s operations there represent...
Century Casinos Unloading Two Alberta Gaming Venues for $16.4 Million
As part of an effort to trim its international portfolio and generate value for investors, Century Casinos (NASDAQ: CNTY) announced today that it is selling two Alberta gaming venues. Highfield Investment Group will acquire the...
Prediction Market Users Aren’t the Mathematicians They Think They Are
Prediction market users may think they’re good at math, but a new study from the American Gaming Association (AGA) says many of those bettors/traders aren’t as mathematically proficient as they think they are. A study...
Seaport: Diller Could Make Another Run at Casino Giant MGM
The saga that is the MGM Resorts International (NYSE: MGM)/People Inc. (NASDAQ: PPLI) takeover situation may be far from over as one analyst is speculating that Barry Diller’s media company could make another run at...
