Tag: Stocks
Kalshi and Polymarket hit record $10 billion trading volume for November
Kalshi and Polymarket have recorded an all-time high in trading volumes for November, reaching a combined figure of US$10 billion,... more
UK tax hit worse than expected, Jefferies analyst says
Markets were expecting a UK tax rate hike on certain gambling revenues on the order of 25% to 30%, reported Jefferies Equity Research... more
Bally’s expected to complete conversion of Star shares within this week
US casino operator Bally’s Corp and partner Investment Holdings Pty Ltd are expected to complete the conversion of their shares and take... more
Prediction markets go from fringe to frenzy as Wall Street, Silicon Valley pile in
The intimate meal, 60 floors above New York’s financial district, brought together a pillar of the Wall Street establishment and a young... more
Penn CEO Snowden hits open market to buy $500,000 in shares
Penn Entertainment CEO Jay Snowden used the company’s post-earnings stock slump as a buying opportunity. Snowden bought 34,700 shares on... more
Wall Street Bets: DraftKings, Golden Entertainment, Penn, Red Rock Resorts, Caesars, Genius Sports
Wall Street Bets is a roundup of recent notes from analysts covering the gambling industry. DraftKings lowers guidance Barry Jonas of... more
Light & Wonder to transfer US$1.5 billion share repurchase program to ASX as sole listing nears completion
Global industry supplier Light & Wonder says it plans to transfer its US$1.5 billion share repurchase program from the NASDAQ to the... more
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
