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Macau Government Encourages Casino Operators to Increase Wages
The Macau Special Administrative Region (SAR) government is encouraging its six commercial casino operators to consider increasing employee wages, as gaming activity continues to recover from the COVID-19 pandemic. A top government...
China Travel Booking Site Says Outbound Tourism Recovery Ongoing
Trip.com, a leading online travel booking website in China, reports that outbound tourism from the mainland continues to recover in the aftermath of the COVID-19 pandemic. In its third-quarter earnings report, Trip.com...
Entain Draws Activist Action, New Investors Want Ricky Sandler on Board
The U.S.-listed shares of Entain Plc (OTC: GMVHY) rallied Wednesday following reports that activist investors recently built stakes in the Coral owner. Dendur Capital and Sached Heam Capital, two New York-based hedge...
Fanatics Sportsbook Goes Live in Virginia, PointsBet Accounts Migrated
The Fanatics Sportsbook is officially live in Virginia as of Nov. 21, 2023. The entry is among the emerging sportsbook's most critical states, as the commonwealth is home to about 8.7 million...
Atlantic City Casino Profits Down 7%, All Nine Remain in the Black
The nine Atlantic City casinos were profitable in the third quarter of 2023 according to data released Tuesday from the New Jersey Division of Gaming Enforcement (DGE). New Jersey casino licensees reported...
Rolls-Royce Unveils Fully Electric ‘Spectre’ at Wynn Palace on Macau Cotai Strip
Rolls-Royce unveiled the luxury auto manufacturer's newest model this week at the Wynn Palace casino resort on the Macau Cotai Strip. Rolls-Royce, the British luxury automobile maker, is a fully owned subsidiary...
Yonkers Harness Racing Resumes After Serious Accident
Yonkers Raceway resumed racing Monday following a serious accident on Friday that injured at least four drivers. In the eighth race on Friday, one horse tripped coming into the first bend, leading...
Macau Casino Debt Lures Bond Investors
Amid a shift away from China’s battered property market, bond investors in Asia and other parts of the world are increasingly flocking to debt issued by Macau casino operators. The bulk of...
Bally’s Insiders Benefit from A’s Move, Bought Stock in Advance of MLB Vote
Bally’s (NYSE: BALY) insiders apparently gobbled up shares of the previously downtrodden stock in advance of Thursday’s Major League Baseball (MLB) owners' vote. That tally paved the way for the Oakland Athletics...
DraftKings Merits Caution, Says Research Firm
Following another impressive run this week, shares of DraftKings (NASDAQ: DKNG) are higher by 38.31% over the past month and have surged 236.60% year-to-date, but some analysts believe some caution should be...