5081 stories by Todd Shriber
Entain Has ‘Wider Range of Options’ for BetMGM, Says Analyst
Entain owns half of BetMGM Some investors have pressed the operator to create value via transactions Analyst says M&A optionality increasing The US-listed shares of Entain Plc (OTC: GMVHY) are up nearly 38% year-to-date, quietly good for one of the best showings...
Caesars Stock Booted From S&P 500, Robinhood Gets the Nod
Caesars stock declines in after-hours trading on news it will depart the S&P 500 Robinhood Markets is one of three additions to the widely followed index Shares of Caesars Entertainment (NASDAQ: CZR) dipped during Friday’s after-hours session after S&P Dow Jones Indices...
Coney Island Casino Will Sell Shares to Locals if Approved
Companies behind The Coney casino project say they will sell shares to locals Offering will target Coney Island residents and require a minimum investment of just $100 Backers also proposing $275 million in community, public safety spending The entities behind The Coney,...
Prediction Market Threat to Sportsbooks May Be Overstated, Says Analyst
Prediction markets are “more sizzle than steak,” says Jefferies analyst David Katz Derivatives exchanges are growing, but currently have minimal earnings power relative to online sportsbooks California/Texas thesis may be overhyped Prediction markets are garnering plenty of attention, but the extent to...
Polymarket, Advised by Trump’s Son, Clear to Operate in US
Prediction markets operator clear to launch in the US following CFTC decision Commission says it has no-action stance on Polymarket acquisition target QCX Donald Trump Jr. recently joined company as an advisor Prediction markets operator Polymarket got the go-ahead to launch in...
Fanatics Cream of Crop Among Tier 2 Sportsbooks, Says Analyst
Fanatics emerging as clear leader in second tier of sportsbook operators Bet365 spending pullback could be sign of readying for a sale, says analyst In the US online sports betting (OSB) industry the pecking order in terms of market share and popularity...
DraftKings, Flutter are Betting Stocks to Own Going Into NFL Season
Parlays, structural hold are points of emphasis for investors, says analyst DraftKings/FanDuel duopoly still entrenched, hard to crack Football fans can rejoice because college football is in full swing, and the NFL season kicks off on Thursday. DraftKings (NASDAQ: DKNG) and Flutter...
Kalshi Close to Launching Football Parlays
Exchange operator tells CFTC it will self-certify bets that closely resemble parlays Latest sign of Kalshi’s willingness to compete directly with sportsbooks Prediction markets Goliath Kalshi is readying to offer combined event contracts that closely mirror sports wagering parlays. In a Monday...
Virgin Las Vegas Tabs William Hill to Run Sportsbook
William Hill to takeover sportsbook operations at off-Strip casino hotel later this year Virgin’s sportsbook was previously run by Betfred, which left Nevada in January Move could be advantageous for Virgin Just days before the start of the 2025 NFL season, Virgin...
Gaming & Leisure Providing $225 Million in Financing for Caesars California Tribal Casino
Gaming & Leisure providing $225 million for Caesars Republic Sonoma County Blended interest rate is 12.79% at a cap rate of 9.75% Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) announced Tuesday that it's reached an agreement with Caesars Entertainment (NASDAQ: CZR) and...
