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Todd Shriber
5750 stories by Todd Shriber
Churchill Downs Reacquires Full Control of United Tote, Updates Derby Projects
Shares of Churchill Downs (NASDAQ: CHDN) rose after hours as the company paired estimate-beating second-quarter results with a tote technology acquisition and capital updates at its flagship Kentucky track. Churchill Downs in Kentucky. The company...
CME Group Partners with FutureSports to Launch Sports Derivatives Platform
CME Group (NASDAQ: CME) is partnering with FutureSports to launch derivatives based on the index provider’s gauges of college and professional athlete and team performance. CME and FutureSports are teaming up on new sports derivatives...
Stifel: Caesars Unlikely to Attract Higher Takeover Bid
A rival bid for Caesars Entertainment is unlikely to materialize, leaving Tilman Fertitta’s $17.6 billion buyout on track to close, according to Wall Street analysts. Caesars Entertainment's Flamingo Las Vegas. It's unlikely more takeover bids...
Susquehanna: ‘High Probability’ MGM Draws Higher Bids Beyond Diller’s $18B Offer
MGM Resorts International (NYSE: MGM) could face a bidding war beyond Barry Diller’s $18 billion takeover offer, with Susquehanna forecasting a high probability of a topping bid. MGM's Bellagio on the Las Vegas Strip. An...
tastytrade Launches Prediction Markets, Targeting Traders Over Bettors
Retail brokerage tastytrade has officially entered the prediction market space, offering CFTC-regulated event contracts tailored specifically for active financial traders. The tastytrade logo. The company rolled out its prediction market today. (Image: tastytrade) The Chicago-based...
Fanatics Brings Prediction Markets In-House with BGC Exchange Deal
Fanatics is bringing its prediction market engine in-house, acquiring a regulated exchange and clearinghouse from BGC Group (NASDAQ: BGC). The Fanatic Sportsbook app. The company announced acquisitions and a partnership with BGC aimed at bringing...
Robinhood Eyes Crypto.com Partnership to Expand Prediction Markets
Robinhood Markets (NASDAQ: HOOD) is in talks with Crypto.com to bring the crypto exchange’s event contracts to its platform, according to media reports. Robinhood is rumored to be discussing a prediction market partnership with Crypto.com....
DraftKings Target Cut at Morgan Stanley Over Prediction Market Investment
DraftKings (NASDAQ: DKNG) capped off a rough week with a nearly 7% loss, dragged down in part by cautious commentary from Morgan Stanley. Morgan Stanley cut its price target on DraftKings, citing prediction market spending....
Novig Seeks CFTC Approval for Expanded Sports Prediction Market Roster
Novig has filed plans with the Commodity Futures Trading Commission (CFTC) to launch a wide slate of sports event contracts, signaling that the prediction market exchange is closing in on a retail rollout. Novig filed...
Bain: Boyd Gaming ‘Holds All the Cards’ for Future Acquisitions
Boyd Gaming (NYSE: BYD) executives kept M&A commentary to a minimum on their Q2 earnings call, but Wall Street is convinced the regional casino operator is primed to pounce on upcoming acquisition opportunities. Boyd Gaming’s...
