5359 stories by Todd Shriber
Burry Floats MGM, Wynn as Plan B Acquisition Ideas for GameStop
The famed investor has been building a stake in the video game retailer GameStop CEO Cohen confirms company is hunting for a big acquisition Burry suggests MGM, Wynn as possible alternatives to another potential GameStop target Shares of GameStop (NYSE: GME) surged...
Wynn Credit Rating Still Junk, Outlook Stable with Strong Liquidity
Fitch affirms Wynn’s credit rating as non-investment grade Says outlook is stable and liquidity is sturdy UAE casino hotel doesn’t factor into rating Fitch Ratings affirmed Wynn Resorts (NASDAQ: WYNN) credit rating at BB-, a non-investment grade, with a “stable” outlook. In...
Prediction Markets, Sports Betting Thorns in Bitcoin’s Side
Growth of speculative markets may be pulling attention away from Bitcoin Demand for instant gratification luring some bettors, traders to more speculative markets Many crypto investors were early adopters of sports wagering and prediction markets Despite having an ally in the Trump...
DraftKings Launching Crypto-to-Cash Deposits in Quartet of States
DraftKings will allow customers in four states to convert cryptocurrency to cash for sportsbook deposits in four states That creates a taxable event for bettors Crypto still not permitted as a direct wagering account funding method in most states DraftKings (NASDAQ: DKNG)...
FanDuel Off to Fast Start in Missouri
State notched $543 million in handle in first month of online sports betting FanDuel commanded 40% handle share, slightly above its active state average DraftKings in line with prior state launches Earlier Friday, the Missouri Gaming Commission (MGC) released data indicating sportsbook...
Rush Street Interactive Gets Some Good Tax News in Colombia
Colombia’s high court removes incremental gaming tax The levy affected Rush Street Interactive’s 2025 revenue in the country Analyst says stock is fairly valued Rush Street Interactive (NYSE: RSI) posted impressive returns this week with the stock rallying nearly 5% (as of...
NFL Won’t Allow Prediction Market Ads During Super Bowl
League adds prediction markets to list of prohibited advertisers DraftKings, FanDuel will still run sportsbook ads Fans of Super Bowl commercials shouldn’t expect to see advertisements from Kalshi, Polymarket, and other prediction markets during the big game because the NFL isn’t allowing...
Caesars, MGM Earnings at Risk Following Las Vegas GGR Report
December gross gaming revenue (GGR) report was disappointing Analyst says it highlights risk to Caesars, MGM Las Vegas earnings Sees better opportunities for investors with other casino stocks The December gross gaming revenue (GGR) report released Wednesday showed Las Vegas Strip casino...
Sands Stock Tumbles as Weak Macau Hold Overshadows Singapore Strength
The casino stock is sliding Thursday Sands China’s Q4 results disappointed Singapore was a source of strength Las Vegas Sands (NYSE: LVS) stock is careening lower on Thursday after the casino giant reported disappointing fourth-quarter Macau results. In midday trading, the stock...
Super Bowl Parlays Heading to DraftKings, FanDuel Prediction Markets
CME self-certifies multi-leg bets in CFTC filing The exchange operator is FanDuel’s prediction markets partner It’s also one of the exchanges to which DraftKings Predictions connects Super Bowl combos -- prediction market nomenclature for parlays -- could be available on the event...
