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MGM

MGM Resorts Credit Rating Affirmed at Junk by Fitch

Casino operator affirmed at “BB-“ MGM credit outlook “stable,” according to Fitch MGM Resorts International’s (NYSE: MGM) credit rating was affirmed at “BB-“ -- three notches into non-investment-grade territory -- by Fitch Ratings. The research firm applied a “stable” outlook...

Todd Shriber March 20, 2025

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Kalshi screenshot

Prediction Markets Could Complement, Disrupt Sports Betting, Says BofA

Array of potential outcomes seen for prediction markets Disruption of traditional sports betting a possibility Prediction market operators encroaching on territory long dominated by...

Todd Shriber March 19, 2025
Sportradar Stock

Sportradar Paying Nothing to Acquire IMG Arena Betting Assets

Deal bolsters data provider's basketball, soccer, tennis exposure Buyer says acquisition will lift earnings, revenue Sportradar (NASDAQ: SRAD) said Wednesday it's acquiring IMG Arena...

Todd Shriber March 19, 2025
DraftKings stock

DraftKings Mulls Prediction Market Entry

Sportsbook operator submitted filing for “DraftKings Predict” Could be acknowledgement of potential threat from Kalshi, others An entity with ties to DraftKings (NASDAQ: DKNG)...

Todd Shriber March 12, 2025