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Todd Shriber
5701 stories by Todd Shriber
DraftKings, Flutter Earnings Estimates Lowered, Prediction Markets Aren’t Culprit
Analyst trims DraftKings, Flutter earnings forecasts to Street lows NFL outcomes, not prediction markets, cited as reason for downward revisions Shares of DraftKings (NASDAQ: DKNG) and Flutter Entertainment (NYSE: FLUT) have been volatile in recent...
Gaming and Leisure Properties Paying $184 Million for New Mexico Racino Real Estate
Casino REIT is acquiring the real estate of Sunland Park Racetrack & Casino Gaming and Leisure is paying $183.75 million at a cap rate of 8.2% Gaming and Leisure Properties (NASDAQ: GLPI) announced Wednesday that...
Sports Betting Stocks’ Kalshi-Induced Slides Overblown, Say Analysts
DraftKings, Flutter, others tumbled today on reports of elevated volume on Kalshi Parlays coming to the prediction market didn’t help matters It’s possible Kalshi volume is being double-counted, says one analyst Sports betting stocks were...
Bally’s Lands Increased Credit Facility Following Rhode Island Casino Sale
Gaming company said it has approval to increase credit facility to $510 million Creditors also approved sale-leaseback transaction on Rhode Island casino Bally’s announced Tuesday that it secured a commitment to increase its borrowing capacity...
Robinhood Mulls Going Global with Prediction Markets
News arrives after broker said Q3 event contracts volume spiked Company held talks with relevant UK regulator After realizing rapid prediction markets success in the US, Robinhood Markets (NASDAQ: HOOD) is looking to bring event...
DraftKings, Flutter Slump as Kalshi Volume Spikes
Sports betting stocks dive on news of Kalshi volume surge Customer-friendly outcomes aren’t helping matters Shares of Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), the operators of the two largest domestic online sportsbooks, tumbled...
Kalshi Volume Beats Election Day, Robinhood Handles 2B+ Event Contracts in Q3
Due in large part to NFL contracts, Kalshi volume broke Election Day record Robinhood says it passed four billion even contracts handled with more than half processed in current quarter Historically, football season has been...
Penn Entertainment Stock Could Be Lifted by New Projects, Sports Betting
Regional casino enhancements could boost shares Analyst sees interactive wagering, including ESPN Bet, contributing to bull case In somewhat quiet fashion, Penn Entertainment (NASDAQ: PENN) is higher by 10.46% over the past 90 days. At...
DraftKings, NBCUniversal Ink Expansive Advertising Agreement
Sportsbook operator says it’s one of its biggest media deals to date DraftKings will be featured across a variety of NBC sports broadcasts, including Super Bowl LX DraftKings (NASDAQ: DKNG) and NBCUniversal announced a wide-ranging...
Bally’s Bronx Casino Bid Has Deep Adams, Trump Ties
Developer Steve Witkoff has White House ties and is a Bally’s consultant He suggest Mayor Adams consider becoming a US ambassador The mayor’s campaign chair also has a role at Bally’s Bally’s quest to bring...
