5402 stories by Todd Shriber
Interactive Brokers to Debut Election Betting as Kalshi Scores Legal Win
Interactive Brokers said today it will launch wagering on US election outcomes on Monday, Sept. 16 after a federal court ruled in favor of Kalshi, a prediction market operator that sought to offer event contracts on US elections. District Court Judge Jia...
DraftKings CEO Jason Robins Seeks Alternative for Fighting High Taxes
After quickly abandoning a plan to tax winning bets in states with high sports betting taxes, DraftKings (NASDAQ: DKNG) CEO Jason Robins says the company is seeking workarounds in jurisdictions with burdensome tax structures. At the Bank of America’s Gaming and Lodging...
Wynn Rumors, Including Steve, Hover Around Celtics Sale
The defending NBA champion Boston Celtics are for sale and purported bidders could include Wynn Resorts (NASDAQ: WYNN) and Steve Wynn, the founder of the gaming company. On a recent edition of “The Greg Hill Show,” Boston sports talk radio host Courtney...
Caesars Takes Control of Washington, DC Sports Betting Kiosks
Caesars Entertainment announced that its Caesars Sportsbook unit is taking over the operation of 53 sports wagering kiosks in Washington, DC previously controlled by GambetDC. GambetDC was previously the lone mobile sports wagering application in the US capital city. However, due to...
Thai Government Eyes Bangkok for Three Casinos
The newly installed Thai government would like to see as many as seven casino hotels developed to start the country’s regulated gaming industry, with up to three of those venues located in the capital city of Bangkok. Recent media reports suggest that...
Wynn Selling $800M in Debt to Pay DOJ Fine, Redeem 2025 Bonds
Wynn Resorts (NASDAQ: WYNN) announced Tuesday that it sold $800 million worth of corporate debt in a private offering to redeem bonds maturing in 2025 and to pay a fine of $130.13 million recently levied by the Department of Justice (DOJ). The...
Penn CEO Jay Snowden Buys $1M Worth of Company Stock
Shares of Penn Entertainment (NASDAQ: PENN) are down almost 20% over the past year, but CEO Jay Snowden is bullish on his employer’s stock. A recent filing with the Securities and Exchange Commission (SEC) indicates that on September 3, Snowden bought 54,200...
Circa NFL Contests Shatter Records with $20M Total Prize Pool
Today was deadline day for entering Circa Sports’ famed NFL contests -- Circa Millions and Survivor -- and the two competitions toppled previous records with a combined $20.26 million in entries. When Circa announced the contests for the 2024 season, the sportsbook...
Wynn Las Vegas Strikes $130M DOJ Settlement, Largest Fine Ever for a US Casino
The Department of Justice (DOJ) and Wynn Resorts (NASDAQ: WYNN) announced late Friday that the gaming company’s Wynn Las Vegas unit agreed to forfeit $130.13 million to the government to settle claims the casino operator worked with unregulated money transfer enterprises to...
Thailand Casino Plan Gains Momentum as Political Support Increases
Despite recent political upheaval in the country, plans to bring casino resorts to Thailand are gaining momentum. That effort recently gained the support of the nation’s various political parties. Thailand’s Deputy Finance Minister Julapun Amornviva said the country’s new government is behind...
