5402 stories by Todd Shriber
Red Rock Unveils Another Special Dividend, Updates Las Vegas Spending Plans
Company forecast 2026 spending of up to $425 million, including Durango, Green Valley Ranch, and Sunset Station expansions Those projects are on time and on budget Red Rock declared a special dividend of $1 per share Red Rock Resorts (NASDAQ: RRR) delivered...
PrizePicks Founder Adam Wexler Gifted Six-Figure Watch from Poker Legend Phil Hellmuth
The Tourbillon watch is a gift for PrizePicks selling a majority stake to Allwyn That deal values the company at up to $4.15 billion Hellmuth was an early PrizePicks investor Poker legend Phil Hellmuth sure knows how to show his appreciation. Just...
FanDuel Founder Eccles Says Kalshi Traveling Same Road as Juul, Skillz
FanDuel co-founder says Kalshi needs to pull back or risk meeting a similar outcome to that of vaping company Juul He says Kalshi advertising is aggressive and likely to be ineffective He also made comparisons between Kalshi and Skillz FanDuel co-founder Nigel...
Las Vegas Sands Gets Credit Rating Upgrade on Strong Singapore Performance
Fitch takes Sands one notch further into investment-grade territory Ratings agency says outlook is “stable” Cites strong performance at Marina Bay Sands Las Vegas Sands (NYSE: LVS), the largest casino operator as measured by market capitalization, landed a credit rating upgrade from...
Kalshi Super Bowl Volume Tops $1B Helped by Non-Sports Contracts
Kalshi notched north of $1 billion in volume on Super Bowl Sunday The company’s Super Bowl week volume reached $2.8 billion Bettors leaned into non-sports contracts, including $100 million on Bad Bunny’s first song during the halftime show Super Bowl Sunday was...
Mark Cuban Could Buy Back Dallas Mavericks From Las Vegas Sands Boss
Well-known NBA reporter says an investor group wants to work with Mark Cuban to reacquire the Dallas Mavericks Patrick Dumont, the soon-to-be CEO of Las Vegas Sands, probably isn’t looking to sell Cuban Sold a 73% stake in the 2011 World Champions...
Jump Trading Taking Small Stakes in Kalshi and Polymarket
Jump Trading is a professional market maker It’s providing liquidity to Kalshi, Polymarket in exchange for small stakes The terms reportedly differ between the two prediction market operators Proprietary trading house Jump Trading will reportedly gain stakes in prediction market operators Kalshi...
NFL Won’t Allow Players to Invest in Prediction Markets
NFL won’t allow players to invest in prediction markets League Office has already expressed concerns over the impact of prediction markets on the integrity of the game Ban arrived after news of NBA star Giannis Antetokounmpo investing in Kalshi broke Unlike their...
Flutter ’26 Prediction Market Vulnerabilities Limited According to Analyst
Flutter’s Q4 earnings update likely to include prediction markets commentary ‘No material adverse’ effects expected, says analyst Stage is set to refocus on fundamentals, compelling multiples Flutter Entertainment (NYSE: FLUT) delivers fourth-quarter results later this month and with the stock down 29.07%...
Hobbs Wants to Make Arizona Sports Betting Tax Among Highest in the US
Governor is proposing a 45% tax rate on select operators The state currently levies a 10% on internet sports wagering As is the case in Illinois, the proposal targets the largest operators In the search for more revenue, Gov. Katie Hobbs (D-AZ)...
