Main menu
Todd Shriber
5694 stories by Todd Shriber
Caesars Stock Rises as Carl Icahn Eyes Rival Bid to Top Fertitta
Shares of Caesars Entertainment (NASDAQ: CZR) staged a modest late-day rally following reports that Carl Icahn is prepping a takeover bid to top Tilman Fertitta’s agreed-upon $17.6 billion acquisition. Activist investor is reportedly gearing up...
Steve Wynn Slashes Prices on L.A. and NYC Mansions to Finally Break Even
Former casino mogul Steve Wynn has slashed prices on his posh Beverly Hills and New York City residences in an eager bid to quickly unload the properties, though he is unlikely to even break even...
Ohio Lawmakers Introduce Bill to Ban Online Sports Betting
If signed into law, a bill introduced last week by Ohio Republicans would make the state the first in the nation to repeal legal online sports betting. Ohio could dramatically alter its sports betting landscape,...
Fertitta Execs Could Field Caesars Takeover Questions at NGCB Meeting
Two high-ranking executives from Fertitta Entertainment Inc. (FEI), the company with an acquisition offer on the table for Caesars Entertainment (NASDAQ: CZR), will appear before the Nevada Gaming Control Board (NGCB) on Wednesday, July 8....
Sands, Wynn Price Targets Cut as Macau GGR Softens
The World Cup’s dampening effect on Macau’s June gross gaming revenue (GGR) has prompted an analyst to trim price targets for Las Vegas Sands (NYSE: LVS) and Wynn Resorts (NASDAQ: WYNN). The Venetian on the...
Kalshi Becomes Only Prediction Market to Crack World Cup Brand Power List
While the 48-team World Cup is driving historic trading volume on Kalshi, the tournament is yielding an equally critical win for the prediction market: a massive surge in mainstream brand equity. The World Cup is...
Cathie Wood’s Ark Innovation ETF Just Completely Exited DraftKings
Cathie Wood’s flagship ARK Innovation ETF (NYSE: ARKK) has completely eliminated its position in DraftKings (NASDAQ: DKNG), marking a definitive exit from the sports betting giant. ARK Investment Management founder Cathie Wood. The firm's largest...
Jefferies: Prediction Market Daily Volume Surges 80% in June, Sports Accounts for 89%
With a big assist from sports event contracts, average daily volume (ADV) across the prediction market industry swelled 80% on a month-over-month (m/m) basis in June, reaching $1.7 billion, according to latest Jefferies data. Kalshi's...
Deutsche Bank: World Cup Betting Handle Pacing Ahead of Estimates
The World Cup’s field of 16 will be officially set following three matches on Friday (July 3), but it’s already clear that the most prestigious soccer tournament is driving increased betting handle for sportsbook operators....
Cboe Pushes To Allow Legal Bets On Corporate Earnings Reports
Cboe Global Markets (BATS: CBOE) is asking regulators for permission to launch a new class of derivatives that allow investors to trade directly on corporate earnings and economic data. The Cboe Global Markets logo. The...
