5251 stories by Todd Shriber
Cathie Wood’s ARK Invests in Kalshi
Famed growth investor’s firm participated in Kalshi’s latest funding round The ARK Venture Fund now holds a stake in the prediction markets operator Kalshi isn’t the fund’s only prediction markets-related holding Cathie Wood’s ARK Investment Management announced that its an investor in...
Bally’s NYC Casino Win a $115 Million Victory for Trump, Company Could Sell Tropicana Rights
Bally’s recommended for one of three downstate casino licenses Should it win one of those permits, it will owe the Trump Organization $115 million Regional casino operator wants to build a $4 billion gaming venue in the Bronx Bally’s (NYSE: BALY) inched...
Blackstone Divests CityCenter Las Vegas Stake to Realty Income for $800M
Private equity firm acquired CityCenter real estate in 2021 The REIT is acquiring a preferred equity interest It’s Realty Income’s third casino deal and second with Blackstone Blackstone’s (NYSE: BX) Blackstone Real Estate Income Trust (BREIT) and Realty Income (NYSE: O) announced...
VICI Could Consider Lowering Rent on Caesars Regional Casinos, Says Analyst
REIT could mull lowering rent on Caesars regional casinos Analyst says rent is probably a bit too high A potential deal could involve the sale of a casino or other real estate Like the sword of Damocles, the regional master lease accord...
FanDuel Predicts: Ins and Outs of New Prediction Markets Entrant
FanDuel, CME rolling out sports event contracts this month FanDuel Predicts, a standalone app, will be available in states where FanDuel doesn’t offer traditional sports betting Some analysts believe FanDuel will rapidly become a prediction markets leader FanDuel Predicts, the prediction markets...
Macau Casino Stocks Could Rally Again in 2026
Macau casino stocks rally following better-than-expected November GGR report 2026 could be another good year for the group if GGR estimates prove too conservative Shares of Macau casino stocks surged Monday, extending what’s been an impressive 2025 rally following an estimate-beating November...
Kalshi Facing Class Action Suit Over Shady Sports Betting Practices
Plaintiffs in national class action believe Kalshi’s claims about superior odds compared to traditional sportsbooks are dubious Suit says Kalshi clients are actually betting against the house, dispelling notion of a purported peer-to-peer model Litigation claims Kalshi ran afoul of laws in...
ESPN Bet Is Almost Gone, But Penn Is Making Sports Betting Strides
Data indicate Penn Entertainment is making sports betting progress Company recently announced end of ESPN Bet partnership Experts see positives in Penn’s new direction The once ballyhooed version of the ESPN Bet mobile sports wagering application operated by Penn Entertainment (NASDAQ: PENN)...
Robinhood Rocks Prediction Markets Industry with Susquehanna Deal
Robinhood announces plans for independent prediction market offering Could be blow to partner Kalshi Prediction markets represent one of Robinhood’s fastest-growing businesses Talk about a Thanksgiving week bombshell. Late Tuesday, Robinhood Markets (NASDAQ: HOOD) rocked the prediction markets industry, unveiling what amounts...
DraftKings, Flutter Among Gaming AI Implementation Leaders
Two sportsbook giants are gaming industry leaders regarding AI adoption The pair have some traits that make them consumer cyclical AI leaders, says Morgan Stanley Other betting-related companies also establishing AI leadership Artificial intelligence (AI) is still young, but the disruptive technology...
