Tag: Stocks
DraftKings, Flutter shares fall further amid new prediction market entrants, unfavorable NFL results
A mix of prediction market news, an NBA gambling scandal, and bettor-friendly NFL results combined to further batter shares in the two... more
Rob Goldstein to sell off “some or all” of Las Vegas Sands Corp shares before transitioning to advisor role in March
Las Vegas Sands (LVS) Corp Chairman and CEO, Robert Goldstein, has sold off 300,000 shares of common stock in the company and is expected... more
Light & Wonder to delist from NASDAQ on November 13
Global gaming supplier Light & Wonder has confirmed it expects to delist from the NASDAQ prior to the open of trading on 13 November... more
Sports betting stocks fall on NYSE owner’s $2B Polymarket investment
Several sports betting companies saw their stock take a downward turn Tuesday morning following a major announcement from a prediction... more
Morningstar widens “economic moat rating” for Aristocrat on rising dominance in U.S. slots market
Financial services firm Morningstar has raised its economic moat rating for Australian slot machine giant Aristocrat from narrow to wide... more
Kalshi rolls out same-game parlays, DraftKings and FanDuel shares plunge
Kalshi’s new same-game parlays may have brought in less than $2,000 in fees for the prediction market on their first day of trading, but... more
Hong Kong Stock Exchange deems Andrew Lo unsuitable to be director of LET Group or Summit Ascent
The Stock Exchange of Hong Kong Ltd has imposed a Director Unsuitability Statement and a censure against Andrew Lo – the majority... more
Light & Wonder prices $1 billion in senior notes to pay down existing debt
Light and Wonder International, Inc – a wholly-owned subsidiary of global gaming supplier Light & Wonder – has priced US$1 billion... more
Caesars Entertainment dropped from S&P 500, displaced by Robinhood
Four and a half years after its stock was listed on the S&P 500, Caesars Entertainment is being removed from the benchmark index due to... more
Gambling shares plunge by £4bn over UK government tax fears
Britain’s biggest gambling companies lost more than £4bn in value amid fears of a tax raid on the sector in the next Budget. On Friday,... more
