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Todd Shriber
5750 stories by Todd Shriber
DraftKings Q2 Hit by Knicks & World Cup Results, But Prediction Market Momentum Builds
DraftKings (NASDAQ: DKNG) missed second-quarter Wall Street expectations on revenue and earnings today, but rapid growth in its prediction market provided a key bright spot. DraftKings' Q2 results were weak, but there are signs of...
FanDuel Shifts Sports Event Contracts to Crypto.com While CME Retains Financial Derivatives
Flutter Entertainment’s (NYSE: FLUT) second-quarter earnings call delivered plenty of headline-grabbing news yesterday, but one major strategic pivot stood out: FanDuel is shifting its sports and novelty prediction markets from CME Group (NASDAQ: CME) to...
Penn Stock Lifts on Improved Regional Casino Outlook, Narrower Interactive Loss
Penn Entertainment (NASDAQ: PENN) stock traded higher Thursday (Aug 6) after the gaming company reported solid second-quarter results, including a narrower-than-expected loss in its interactive business. The Hollywood Casino Columbus. Operator Penn Entertainment reported solid...
Wisconsin Sports Betting Law Facing Constitutional Challenge From WILL
A conservative legal group has filed a lawsuit to block Wisconsin’s new mobile sports betting law, arguing the measure signed by Gov. Tony Evers (D) in April violates the state constitution. The Vince Lombardi Statue...
VICI Properties Prices $1.75B Bond Offering to Refinance 2026 Debt
VICI Properties (NYSE: VICI) priced $1.75 billion in senior unsecured notes on Wednesday (August 5), using the proceeds to refinance senior notes maturing later this year. Caesars Palace on the Las Vegas Strip. Owner VICI...
Flutter Flails as It Cuts 2026 Outlook, CEO Jackson Steps Down
Shares of Flutter Entertainment tumbled Wednesday after the gambling giant lowered its 2026 financial guidance and announced that Chief Executive Peter Jackson will step down. Flutter stock tumbled after the company again cut its 2026...
Red Rock Reaffirms $425M CapEx Plan as Analysts Maintain Bullish Outlook
Red Rock Resorts (NASDAQ: RRR) is committing up to $300 million toward growth initiatives this year as part of a total 2026 capital budget between $375 million and $425 million. Red Rock's Green Valley Ranch...
Wynn Says UAE Casino Will Open in September 2027, Q2 Results Beat Estimates
Shares of Wynn Resorts (NASDAQ: WYNN) rallied in after-hours trading Tuesday (August 4) after the gaming giant beat second-quarter expectations and set a firm September 2027 opening target for its landmark UAE casino. Wynn Resorts...
Polymarket Reportedly Eyeing $20B Valuation in Latest Financing Round
Polymarket, one of the world’s largest prediction market operators, is reportedly looking to raise fresh capital at a valuation of $20 billion. Polymarket is rumored to be seeking new capital at a $20 billion valuation....
Churchill Downs Brings Six-Race ‘Thoroughbred Championship Series’ to Starting Gate
In a bid to court more fans and generate increased buzz around horse racing, Churchill Downs (NASDAQ: CHDN) has announced the creation of the “Thoroughbred Championship Series” -- a six-race contest with a $5 million...
