5134 stories by Todd Shriber
Bally’s Lands Increased Credit Facility Following Rhode Island Casino Sale
Gaming company said it has approval to increase credit facility to $510 million Creditors also approved sale-leaseback transaction on Rhode Island casino Bally’s announced Tuesday that it secured a commitment to increase its borrowing capacity on a revolving credit facility (RCF) maturing...
Robinhood Mulls Going Global with Prediction Markets
News arrives after broker said Q3 event contracts volume spiked Company held talks with relevant UK regulator After realizing rapid prediction markets success in the US, Robinhood Markets (NASDAQ: HOOD) is looking to bring event contracts to its clients in other parts...
DraftKings, Flutter Slump as Kalshi Volume Spikes
Sports betting stocks dive on news of Kalshi volume surge Customer-friendly outcomes aren’t helping matters Shares of Flutter Entertainment (NYSE: FLUT) and DraftKings (NASDAQ: DKNG), the operators of the two largest domestic online sportsbooks, tumbled Tuesday on reports of soaring volume on...
Kalshi Volume Beats Election Day, Robinhood Handles 2B+ Event Contracts in Q3
Due in large part to NFL contracts, Kalshi volume broke Election Day record Robinhood says it passed four billion even contracts handled with more than half processed in current quarter Historically, football season has been a boon for sportsbook operators. This year,...
Penn Entertainment Stock Could Be Lifted by New Projects, Sports Betting
Regional casino enhancements could boost shares Analyst sees interactive wagering, including ESPN Bet, contributing to bull case In somewhat quiet fashion, Penn Entertainment (NASDAQ: PENN) is higher by 10.46% over the past 90 days. At least one analyst believes the regional casino...
DraftKings, NBCUniversal Ink Expansive Advertising Agreement
Sportsbook operator says it’s one of its biggest media deals to date DraftKings will be featured across a variety of NBC sports broadcasts, including Super Bowl LX DraftKings (NASDAQ: DKNG) and NBCUniversal announced a wide-ranging advertising agreement Monday that will bring the...
Bally’s $4 Billion Bronx Casino Bid Wins CAC Approval
Advisory committee approves controversial Bronx casino plan It moves on to Gaming Facility Location Board (GFLB) for consideration Could be uphill battle for battle for Bally’s due to property’s Trump ties Bally’s plan to bring a $4 billion casino hotel to the...
YSL’s Largest US Store Isn’t in LA or NYC. It’s in Fontainebleau Las Vegas.
French fashion house’s largest US store is in Strip casino hotel Adds to Fontainebleau’s extensive collection of posh retailers Fans of tony European fashion brands might readily assume that Saint Laurent, also known as YSL, would pick Bal Harbor in Miami, New...
Bally’s Bronx Casino Bid Has Deep Adams, Trump Ties
Developer Steve Witkoff has White House ties and is a Bally’s consultant He suggest Mayor Adams consider becoming a US ambassador The mayor’s campaign chair also has a role at Bally’s Bally’s quest to bring a casino to the Bronx reaches to...
VICI Could Be Interested in Six Flags Real Estate, Says Investor
Jonathan Litt’s Land & Buildings is pushing Six Flags to spin off real estate holdings Investor believes VICI Properties could be a potential buyer Casino landlord is adding to nongaming holdings Jonathan Litt’s Land & Buildings Investment Management, LLC (L&B) is pushing...
