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Todd Shriber
5759 stories by Todd Shriber
Shohei Ohtani Interpreter’s Bookie Narcs on Friend for Lighter Fed Sentence
Matt Bowyer provided feds with information on his colleague and friend, Damien LeForbes Bowyer is said to have acted as though he wasn’t implicating LeForbes Bowyer was facing up to five years in prison, but...
Circa, ESPN Bet Move to Minimums on Illinois Sports Bets
Moves in response to state’s recent tax increase on sports betting Circa’s $10 minimum is the largest announced to date Circa Sports and ESPN Bet joined a pack of rivals in announcing new minimums on...
BetMGM, DraftKings Gaining Ground on FanDuel, Says Research Firm
As measured by Q2 net gaming revenue (NGR) growth, rivals outpaced FanDuel FanDuel dealing with tough comparisons Its Q2 net revenue margin beat competitors FanDuel is the US iGaming and online sports betting leader, but...
Bally’s Wraps Up Chicago IPO, 1,800 Investors Participated
Regional casino operator closes Chicago IPO Majority of participating investors hail from the city Bally’s said it closed its Chicago initial public offering (IPO), the first of what could be multiple placements aimed at generating...
3G Capital Departs DraftKings, Tepper Exits Wynn
Hedge fund eliminates its DraftKings stake It was a small investment, just 70K shares at the end of Q2 Shares of DraftKings (NASDAQ: DKNG) ticked slightly lower in Thursday’s after-hours session perhaps due in part...
Sports Parlays Should Be Among Next Frontiers for Prediction Markets, Says Venture Investor
Sports parlays are described as high-frequency, high-leverage events for prediction markets Those companies aren’t yet offering such wagers Moneyline bets are seen as low leverage with smaller market outcome value If there’s one thing that...
Einhorn Boosts Penn Entertainment Stake in Big Way
Hedge fund manager significantly increased stake in casino stock in Q2 Move comes after firm boosted Penn position in Q1 For the second consecutive quarter, David Einhorn’s DME Capital Management increased its stake in regional...
Zero Edge Founder Kim Facing DOJ Fraud Charges
Internet casino founder allegedly gambled away investors’ money He wagered on Shuffle and lost investors’ cash on various crypto exchanges Richard Kim, the founder of cryptocurrency casino Zero Edge, is facing securities and wire fraud...
Red Rock Bonds Enticing on Las Vegas Casino Strength, Says Research Firm
Red Rock corporate bonds are supported by strength in the Las Vegas locals segment Research firm highlights North Fork management accord as potential catalyst Shares of Red Rock Resorts (NASDAQ: RRR) are higher by nearly...
New ETFs Offer Leveraged Bets on DraftKings Stock
New ETFs aims to deliver 200% of the daily returns of DraftKings stock These ETFs could prove popular with risk-tolerant retail traders For traders seeking amplified near-term gains on heavily traded DraftKings (NASDAQ: DKNG) stock,...
