5133 stories by Todd Shriber
MGM China Says AI Video Featuring Pansy Is a Deepfake
Macau casino operator says video is “entirely fraudulent” AI-generated video features Ho’s likeness to promote a “fictitious” investment scheme MGM China warned investors that a video featuring the likeness of Chairperson and Executive Director Pansy Ho was generated by artificial intelligence (AI)...
Illinois Should Lower Sports Betting Taxes, Says Policy Group
State has fifth-highest sports betting taxes in the US Illinois Policy says state should go lower, not higher on those levies Chicago could consider its own sports wagering tax hike Illinois has some of the highest online sports betting taxes in the...
Melee Lands $3.5 Million in Financing in Bid to Refresh Prediction Markets
Startup prediction markets firm raised $3.5 million from multiple investors Company wants to roll out “viral” prediction markets Melee, an upstart prediction markets firm, raised $3.5 million from several investors -- financing that could support the company’s efforts to refresh the event...
MGM’s Empire City Advances in New York Casino Race
***UPDATE*** By a 5-0 vote, a Queens community advisory committee (CAC) approved Resorts World New York’s bid to convert that slots-only venue into a Las Vegas-style casino, making that the second New York gaming venue to advance in the process. It has...
Chicago Sports Betting Tax Could Compound Illinois Bettors’ Woes, Says SBA
Intra-city tax increase isn’t official, but task force says it could raise significant revenue If approved, levy would be on top of Illinois’ already high OSB taxes SBA says it will encourage bettors to wager with unlicensed books Illinois already has some...
Young Bettors Likely to Be Crypto, Stock Speculators, Too, Says TransUnion
Gen Z and millennial bettors are more likely to have crypto trading apps Many bettors are looking for “big payoffs” in the stock market, too Younger bettors increasingly embrace online sports wagering, are tepid on casino visits Gen Z and millennials are...
Robinhood Prediction Markets Biz on Pace for $200 Million in Revenue
Analyst estimate is based on September volume of $2.6 billion Analyst says Robinhood customers account for up to 35% of Kalshi volume on any given day Robinhood Markets’ (NASDAQ: HOOD) move into football prediction markets is already paying dividends for the company...
Brightstar Lottery Stock Has Multiple Growth Levers, Says Analyst
iLottery, international contracts could bolster case for the stock Analyst sees “improving setup,” says Italy concerns may be overstated In quiet fashion, shares of Brightstar Lottery (NYSE: BRSL) are higher by almost 33% over the past 90 days, and at least one...
Wynn UAE Casino Could Lure 3.5 Million Tourists to Home Island, Says Exec
CEO of Marjan Properties says Wynn casino hotel could help island reach annual visitation of 3.5 million by 2030 If all those tourists visit the Wynn integrated resort, yearly visitation could compare well with individual Las Vegas gaming venues Wynn Al Marjan...
Monarch Casino Still Picky on M&A, Could Deliver Another Special Dividend
Casino operator remains highly selective on mergers and acquisitions Analyst says another special dividend could be in the cards if Monarch doesn’t strike a deal over the next two years In its typically quiet fashion, Monarch Casino & Resort (NASDAQ: MCRI) stock...
