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Todd Shriber
5805 stories by Todd Shriber
Kalshi Hits $11 Billion Valuation, Closes in on DraftKings’ Market Cap Following $1 Billion Funding Round
The prediction market is reportedly worth $11 billion following an undisclosed capital raise of $1 billion Its valuation more than doubled in about six weeks Kalshi is worth just $3.44 billion less than DraftKings Prediction...
Fanatics Nears Prediction Markets Entry with Crypto.com
Fanatics acquired a company to gain National Futures Association (NFA) membership CEO Rubin says partnership with Crypto.com could debut in coming weeks Count Fanatics as the latest sportsbook operator entering the world of prediction markets....
Polymarket IPO Chatter Heats up Following Kraken Filing
Report suggests prediction market, crypto exchange have similarities Rumors recently surfaced Polymarket could raise capital at a valuation of up to $15 billion On Wednesday, cryptocurrency exchange operator Kraken filed a Form S-1 registration statement...
Casinos Driving Improving Indian Country Economies, Says Census Bureau
Poverty level tumbled following 1990s tribal casino expansion Tribal casinos increase employment, wages for people of all races, says study Congress passed the Indian Gaming Regulatory Act (IGRA) in 1988, paving the way for massive...
Dana White Wants Netflix Special Where He Bets $30 Million at a Vegas Casino
White wants to do a Netflix show where he bets $1 million a hand on baccarat at a Las Vegas casino The UFC CEO’s gambling exploits are well-documented UFC CEO Dana White wants to leverage...
Wynn Macau, UAE Exposure Support Long-Term Stock Outlook
Wynn is one of this year’s best-performing casino stocks Geographic diversification is a big reason why It’s also the lone bright spot on the Las Vegas Strip Shares of Wynn Resorts (NASDAQ: WYNN) are up...
Bally’s Colorado Casino Workers Cleared to Join Teamsters Union
Bally’s, Teamsters reach neutrality agreement Accord paves way for workers at Black Hawk, Colo. casinos to join union Those properties represent three of the operator’s four casinos in Colorado Bally’s and the International Brotherhood of...
Resorts World Wants New York to Reevaluate Casino Tax Scheme
Resorts World New York wants the state to reconsider its offer to pay higher taxes Operator may ask the state to lower the tax rate imposed on it It could also push for higher levies...
Harvard Endowment Makes Big Move Into Flutter Entertainment Stock
Big Ivy League endowment has big bet on big betting stock It appears to be a new position Endowment manager owns at least one other gaming name Harvard Management Company, the manager of the Ivy...
Hedge Funds Cut Casino Holdings, DraftKings Hit by Another Sell-Off
One well-known investor reduced his stake in Penn Entertainment Another trimmed his MGM position DraftKings was dropped outright by another hedge fund Form 13F filing season is now in full swing and the documents are...
