Author: Oliver Dale

TLDR Online gambling is expanding across the U.S. as more states legalize it, creating new growth opportunities for casino stocks. Macau remains the world’s largest gambling market, with MGM, Las Vegas Sands, and Wynn Resorts all holding operating licenses there. DraftKings leads pure-play online betting with 34% U.S. market share, posting 30% revenue growth in 2024 to $4.77 billion. MGM hit record full-year revenue of $17.2 billion in 2024, while Las Vegas Sands posted $11.3 billion and Wynn Resorts $7.1 billion. Penn Entertainment ended its ESPN Bet partnership early in November 2025 after results fell short of expectations. The casino…

TLDR Flutter Entertainment (FLUT) stock dropped 11.5% on February 13, 2026, hitting new 52-week lows on both NYSE and the London Stock Exchange. The sell-off was driven by a UK iGaming tax hike (21% to 40%), a new U.S. “phantom income” tax law, and slowing market growth. Full-year 2025 revenue hit $16.69 billion (+19% YoY), but a $789 million Q3 net loss and guidance cut weighed heavily on sentiment. FanDuel holds ~43% U.S. sports betting market share, but faces rising competition from DraftKings (37%) and prediction market platforms. Analysts maintain a “Moderate Buy” consensus; price targets range from $170 (Bernstein)…

TLDR Vitalik Buterin warned prediction markets are drifting toward addictive, low-value gambling he calls “corposlop” He said platforms rely too much on sports betting and short-term crypto price wagers Buterin was an early investor in Polymarket, one of the leading prediction market platforms As recently as December 2025, he had defended prediction markets as healthier than traditional finance He now says prediction markets should pursue use cases like personalized insurance instead Vitalik Buterin, co-founder of Ethereum and an early backer of prediction market platform Polymarket, has raised concerns about where prediction markets are heading. He posted his warning on X…

TLDR SPRIBE has signed UFC lightweight Charles “Do Bronx” Oliveira as an official Aviator brand ambassador Oliveira will front marketing campaigns over the next 12 months, targeting Brazil and global audiences Aviator currently has more than 77 million unique active players per month The deal is part of SPRIBE’s multi-year, multi-million-dollar UFC marketing partnership Oliveira joins a roster of UFC ambassadors including Alex Pereira, Michael Bisping, and Arman Tsarukyan SPRIBE has announced UFC lightweight fighter Charles Oliveira as the latest brand ambassador for Aviator, its crash-style casino game. The deal was confirmed on February 18, 2026. Oliveira, known by his…

TLDR Rush Street Interactive posted Q4 revenue of $324.9m, up 28% year-on-year, with net income rising to $19.1m from $6.5m Full-year 2025 revenue hit $1.134bn, up 23%, beating the top of its own guidance range Full-year net income surged to $74m from $7.2m in 2024; Adjusted EBITDA up 66% to $153.7m US and Canada monthly active users grew 37% YoY; Latin American MAUs up 47% to over 493,000 2026 guidance set at $1.375bn–$1.425bn revenue and $210m–$230m Adjusted EBITDA Rush Street Interactive wrapped up 2025 with its strongest financial results to date, posting full-year revenue of $1.134bn — a 23% jump…

TLDR Bernstein cut its DraftKings price target from $32 to $28, citing weak near-term growth visibility after a soft guidance reset JP Morgan also lowered its price target from $41 to $32, though both firms kept positive ratings (Outperform/Overweight) Multiple analysts have cut price targets in recent weeks, with reductions ranging from 12% to 22% DraftKings beat Q4 EPS estimates ($0.25 vs $0.18 forecast) with revenue of $1.99B, up 43% year-over-year March 2 investor presentation is seen as a key catalyst, where management is expected to outline its prediction markets strategy DraftKings is having a rough February. A string of…

TLDR Remote Gaming Duty (RGD) rises from 21% to 40% in April 2026, nearly doubling overnight Online Betting Duty increases from 15% to 25% in 2027 Government expects to raise an extra £1.1bn per year by end of the decade Operators warn of reduced odds, fewer bonuses, and squeezed margins Industry fears players will shift to unregulated offshore platforms, undermining tax revenue The UK government is set to nearly double the Remote Gaming Duty from 21% to 40% starting April 2026. The tax applies to online casino products including slots, table games, and crash games. A second increase will follow…

TLDR NBA Commissioner Adam Silver is treating prediction markets the same as traditional sportsbooks under the league’s integrity framework Silver called Giannis Antetokounmpo’s investment in Kalshi “minuscule” and within collectively bargained rules The NHL and MLS have signed commercial deals with Kalshi and Polymarket, while the NFL, NBA, and MLB remain cautious Kalshi hit a daily record of over $1 billion in trading volume on Super Bowl Sunday, up 2,700% year-over-year The core legal fight centers on one word: “gaming,” and how the CFTC defines it under the Commodity Exchange Act NBA Commissioner Adam Silver said his league views prediction…

TLDR Caesars Q4 revenue came in at $2.92B, beating estimates, but EPS missed at -$0.33 vs. -$0.23 expected Caesars Digital set a record quarterly EBITDA of $85M, up from $20M in Q4 2024 Las Vegas revenue fell 3.4% year-over-year to $1.04B, with margin compression continuing Debt load stands at $24.8B; free cash flow has improved to $1.80 per share on a trailing 12-month basis CEO Tom Reeg signaled more share buyback activity in Q2 2026; CZR rose ~4% in post-market trading Caesars Entertainment posted mixed Q4 results on February 17, beating on revenue but missing on earnings per share. Revenue…

TLDR A federal judge ruled Torch Electronics’ “no-chance” gas station machines are illegal gambling devices under Missouri law The ruling follows an October 2025 jury verdict that ordered Torch to pay a competitor $500,000 A Tennessee court made a similar ruling against Torch’s machines in July 2025 Missouri’s attorney general has filed lawsuits against retailers and says a federal investigation into money laundering is underway The Missouri House passed a bill to create a state-run video lottery system to replace unregulated machines A federal judge has ruled that “no-chance” gaming machines found in Missouri gas stations and convenience stores are…