5590 stories by Todd Shriber
JP Morgan: MGM Stock Volatility Could Increase Post-Caesars Takeover
Analysts warn that an acquired Caesars would concentrate capital and heighten trading volatility for rival MGM A successful buyout would eliminate one of the few pure-play public options left for investing in Las Vegas Strip real estate The rumored premium being offered...
JPMorgan: Potential Caesars-Fertitta Merger Could Force Vegas Casino Sale
JP Morgan suggests overlapping operations could force the sale of either Caesars' Flamingo or Fertitta’s Golden Nugget Regulatory hurdles are expected to compel asset sell-offs stretching far beyond the Las Vegas Strip JPMorgan estimates that shedding wholly owned properties could generate up...
DraftKings CFO Sees ‘Huge’ Opportunity in Prediction Markets, Strength in Core Biz
CFO Ellingson downplayed investor anxiety over the costs of entering the prediction market space DraftKings reassures the market that its primary sportsbook business continues to show sustained strength The executive highlighted that DraftKings Predictions is designed to directly support and integrate with...
Tema Eyes Prediction Market Expansion with New ETF Filing
Tema’s new ETF takes a bold, infrastructure-first approach to prediction markets Tema’s ETF focuses on the 'picks and shovels' of the prediction market world. Tema’s active management strategy aims to outpace the prediction market trend Tema ETFs, an upstart issuer of exchange...
Trump Bets on DraftKings and Red Rock in Financial Portfolio Shakeup
Trump’s Q1 disclosures reveal a strategic push into gaming, with new stakes in DraftKings and Red Rock Resorts. The President didn't just buy; he aggressively trimmed his holdings, offloading several legacy gaming positions. The massive filing tracks more than 3,600 individual transactions,...
DraftKings Hit with ‘Sell’ Rating on ‘Dramatic’ Prediction Markets Threat
BNP Paribas initiated coverage of DraftKings with an equivalent of a “sell” rating Analyst Charlie Muir-Sands cites the prediction markets threat He’s the only sell-side analyst to rate the gaming stock a “sell” DraftKings (NASDAQ: DKNG) eked out a small gain today...
Caesars Stock Bounces on News Banks Are Arranging Financing for Fertitta Takeover
The Financial Times suggests banks are working on up to $5 billion in financing Fertitta would use to acquire Caesars Entertainment That’s in addition to an equity component of as much as $3 billion Morgan Stanley is reportedly one of those banks...
Better Markets: ‘Hard to Believe’ Supreme Court Wants CFTC to Regulate Sports Betting
Better Markets asserts that the PASPA repeal made sports wagering a states’ rights issue, leaving no room for federal intervention The group accuses the CFTC of attempting to regulate sports betting while "excluding the experience and expertise" of state-level regulators The public...
Healthcare Group: The Rising Mental Health Toll of Sports Betting and Prediction Markets
Baptist Health South Florida says prediction markets, sports wagering can have mental health consequences Accessibility is part of the problem May is National Mental Health Awareness Month May is National Mental Health Awareness Month, and one US-based healthcare organization is taking the...
The Crypto Canary: Why This Sports Betting ETF is a High-Precision Lead Indicator for Bitcoin
The 365-day correlation between the Roundhill Sports Betting & iGaming ETF (BETZ) and Bitcoin is a massive 0.91. Statistically, this means roughly 83% of the price variation in these two assets is linked. Historically, BETZ has peaked or bottomed weeks ahead of...
