5564 stories by Todd Shriber
Penn Entertainment Board Structure Challenged by UNITE HERE Union
UNITE HERE is calling on Penn Entertainment to declassify its board elections. The union is requesting that all board seats become subject to annual elections rather than multi-year staggered terms. The proposal is expected to be a focal point at the company’s...
The Ultimate Portfolio Hedge? Why Wall Street Is Racing to Launch Election Prediction Funds
SEC filings indicate Roundhill and GraniteShares could roll out political prediction market ETFs in the coming days The Roundhill filing indicates an effective date of May 5 while GraniteShares filings show May 8 The funds will hold event contracts tied to Democrat...
New Orleans Scores $103M Lifeline: How a Huge Casino Rent Deal is Saving the City’s Budget
The city is taking an upfront payment of $103 million on nine years of rent on Caesars New Orleans An institutional investor is buying that portion of the lease The other 23 years on the lease term aren’t affected Facing a critical...
Rush Street’s Casino Pivot Pays Off: How iGaming is Insulating RSI from the Prediction Market Boom
Rush Street Interactive isn’t feeling a prediction markets squeeze Its focus on iGaming is a big reason why The company says it’s catering to different clients Fresh off a record-smashing Q1 and a massive guidance hike, Rush Street Interactive (NYSE: RSI) watched...
Takeover Silence Speaks Volumes: Analysts Weigh in on the Battle for Caesars
No official updates from Caesars management on the $7 billion buyout speculation. Despite management's silence, M&A rumors remain the primary driver of investor attention. Analysts maintain a positive outlook, pointing to hidden value within the brand's digital and Las Vegas segments. True...
Rush Street Interactive Shares Soar on Record Revenue and Raised 2026 Guidance
The company raised its 2026 revenue outlook to $1.49 billion to $1.54 billion It now expects EBITDA of $230 million to $250 million RSI also easily beat first-quarter estimates Shares of Rush Street Interactive (NYSE: RSI) surged by nearly 20% in after-hours...
Barry Diller’s IAC Rebrands as People Incorporated, Sharpening Focus on Publishing and MGM
Reconfiguration of IAC will allow for more emphasis on MGM stake Diller calls MGM one of his company’s “core” assets He reiterates view that MGM stock is undervalued Barry Diller is reconfiguring IAC/InterActiveCorp (NASDAQ: IAC) with pending changes resulting in a sharper...
Can Regulators Stop Prediction Market Insider Trading? Most Americans Say No
New poll says majority of Americans believe the industry cannot wipeout insider trading Respondents are concerned about insider trading around elections, military actions Prediction markets also face an awareness gap A mobile phone shows an app download for Kalshi, an online prediction...
CME Group Sees Record Prediction Market Growth as US Traders Pile In
Exchange operator says event contracts volume topped $220 million Reiterates sports derivatives aren’t the goal of partnership with FanDuel Company says FanDuel’s FCM application doesn’t alter relationship CME Group (NASDAQ: CME) is achieving rapid success in the prediction markets space by carving...
Penn Entertainment Faces Investor Pressure to Slash CEO Snowden’s $26M Pay Package
Following discussions with shareholders, Penn is poised to lower CEO Snowden’s 2026 pay The compensation committee is proposing a 41% reduction in his long-term incentive plan (LTIP) and a 31% overall cut to remuneration The stock is down 80.41% over the past...
