5532 stories by Todd Shriber
Vanguard CEO Brands Prediction Markets A Form of ‘Financial Exploitation’
Vanguard CEO latest asset manager leader to say clear distinctions must be made between investing and gambling Ramji claims prediction markets focus on engagement, not outcomes He believes prediction markets can harm investors and the overall system To the surprise of no...
GLPI Doubles Down on Caesars Leases While Remaining Cautious on Takeover Rumors
The casino REIT isn’t alarmed by a drop in rent coverage at some Caesars properties It’s not clear if prospective Caesars suitors need property owners’ consent for a takeover Such a deal would likely be “neutral” for GLPI Gaming and Leisure Properties...
Can Senators Bet on Their Own Bills? A New Crackdown Could Shut Down Prediction Market Trading for Congress
Bernie Moreno introduced a resolution to bar senators from trading on prediction markets Resolution looks to modify existing rules It could gain bipartisan support Senator Bernie Moreno (R-OH) is taking aim at political wagering with a new proposal that would explicitly ban...
Boyd Gaming Has the ‘Financial Firepower’ for a Huge Acquisition, But There’s a Catch
Boyd Gaming is open to acquisitions… …But the regional casino operator is taking a selective approach CEO Keith Smith says company has looked at potential deals Flushed with cash, Boyd Gaming (NYSE: BYD) is sitting on a massive M&A war chest—but the...
Wisconsin Just Legalized Sports Betting—And Now It’s Launching a Legal War on Prediction Markets
Wisconsin Department of Justice is suing five prediction market operators The state claims those platforms offer illegal sports wagering The suit was unveiled just two weeks after the state approved a tribal sports betting bill The Wisconsin Department of Justice (DOJ) has...
BetHog Secures $10M War Chest to Scale AI-Powered Live Dealers Across Global Online Casinos
BetHog was co-founded by FanDuel founder Nigel Eccles Six investors participated in the financing round Company has now raised $16 million BetHog, the crypto-casino co-founded by FanDuel founder Nigel Eccles, has raised $10 million in Series A funding to launch an AI-powered...
Churchill Downs Shares Rise as Kentucky Derby Expected to Generate Extra $20M in Earnings
Gaming company forecasts year-over-year Kentucky Derby EBITDA increase of $15 million to $20 million CEO Bill Carstanjen says Derby Week 2026 expected to outpace last two years CFO Marcia Dall confident in growth forecast After posting record Q1 earnings, Churchill Downs (NASDAQ:...
Penn Entertainment Stock Jumps on Regional Casino Strength
Penn posted a surprise first-quarter profit on broad-based regional casino strength Investors appear to like the operator’s 2026 guidance The interactive division continues to lose money, but it's making progress Penn Entertainment (NASDAQ: PENN) stock surged Thursday after the largest operator of...
Jay-Z and Caesars’ $5 Billion NYC Casino Site Facing ‘Murky’ Future After Credit Downgrade
The building is owned by SL Green Times Square casino bid was rejected last year Site is already reeling from mass layoffs at broadcaster CBS ahead of Paramount/ Skydance merger Financial pressure is mounting at 1515 Broadway after a credit downgrade hit...
‘Political Insider Trading’: Kalshi Suspends 3 Candidates for Betting on Their Own Elections
Kalshi says two Democrats and one Republican traded on themselves on the platform, something which is prohibited under its rules A Democrat Senate candidate in Virginia says he traded on himself to prove a point The prediction market Kalshi has issued five-year...
