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Todd Shriber
5805 stories by Todd Shriber
Coinbase Poised to Partner with Kalshi on Prediction Markets
Two companies already have a relationship. Coinbase expected to reveal prediction market plans next week. Partnership could be similar to Kalshi/Robinhood. When it launches it prediction markets platform, which could occur imminently, Coinbase Global (NASDAQ:...
Winklevoss Twins’ Gemini Lands Prediction Markets Approval
Gemini Space Station, the brothers’ cryptocurrency exchange, wins prediction markets approval from CFTC Company’s event contracts push was revealed last month Approval brings another crypto-centric player to the fast-growing industry Gemini Space Station (NASDAQ: GEMI),...
Fox Not Looking to Get Into Sports Betting, Says CFO Tomsic
FOX Bet was shuttered in 2023 Media company has option to acquire 18.6% of FanDuel It also owns $900 million worth of Flutter Entertainment equity Fox Corporation (NASDAQ: FOX) is one of the biggest names...
Bally’s to Sell Rhode Island Casino Property in Q1 After Landing $1.1B in Financing
Sale of Twin River Lincoln Casino real estate expected in Q1 after Bally’s lands new financing Private credit firms lending casino operator $1.1 billion Some of the proceeds could be used for New York casino...
Monarch Casino Inching Closer to Finding Acquisition Target, Says Analyst
Regional casino operator is frequently attached to M&A rumors, but hasn’t made a deal Company is known to be highly selective when it comes to evaluating acquisitions It’s unlikely to buy a casino in Nevada...
Wynn Price Targets Lifted on UAE Casino Opportunities
Analysts boost Wynn price target following UAE investor day One analyst says UAE casino resort could be worth $21 a share to stock price Calls Wynn UAE setup “compelling” Following its analyst tour/investor day in...
Bet365 Promo Spending Soars in Reach for US Market Share
Bet365's sports betting promotional spending is soaring while rivals pull back Company’s promo spending as percentage of GGR is highest in the US Operator is attempting to gain market share in this country At a...
Accel Entertainment Balance Sheet Lauded, Shares Undervalued, Says Analyst
Analyst initiates coverage of distributed gaming company with bullish views Price target implies upside of more than 20% Shares are undervalued, says analyst Shares of distributed gaming company Accel Entertainment (NYSE: ACEL) are down slightly...
Venetian Pacing Toward Record Year Amid Las Vegas Tourism Slump
Another example of casinos that cater to high-end customers finding success as mid-tier venues struggle Venetian CEO Nichols says a “deep dive” on fees, costs is being conducted Property is operated by Apollo Global Management...
Vora Claps Back at Penn Committee, Says it ‘Lacked Rational Basis’
Hedge fund takes issue with findings of Penn special legal committee That committee found Penn’s move to reduce board size didn’t violate any rules Vora say it wasn’t consulted when committee was created HG Vora,...
