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Las Vegas Sands Top Macau Stock Pick, Says Macquarie Analyst
As confirmed by May’s gross gaming revenue (GGR) report, the Macau recovery continues. But analysts have their individual preferences among the related equities. In a note to clients on Thursday, Macquarie analyst...
Macau Casinos Win $1.93B in May, Best Gaming Revenue Month Since January 2020
Macau casinos generated gross gaming revenue (GGR) of MOP15.57 billion (US$1.93 billion) in May 2023. The gaming income represents the Chinese enclave's best monthly performance since January 2020. Macau's COVID-19 recovery is...
Tennessee Becomes First State to Tax Sports Betting Handle
Sportsbooks operating in Tennessee will soon begin paying taxes based on wagers rather than revenues. The new law goes into effect on July 1. Tennessee Gov. Bill Lee (R) recently signed into...
Las Vegas Sands in Wait-and-See Mode on Thailand Casino
Las Vegas Sands is taking a pragmatic approach to possible expansion in Thailand, acknowledging the concept of casino gaming in the Southeast Asian nation is in its infancy. It’s been more than...
Entain Faces Large Fine in Ongoing Investigation of Former Turkish Ops
Entain, the global gaming giant behind well-known brands like Ladbrokes, and recently Tab NZ, faces a challenge that could cause significant damage. In an ongoing investigation into its former operations in Turkey,...
Puerto Rico’s Sports Betting Market is Beginning to Pay Dividends
As with many US jurisdictions, Puerto Rico is looking for ways to improve its economic situation. One of these is through legalized sports betting, which is starting to pay dividends to the...
Casino Stocks Could Participate in Cyclical Rebound
Amid financial market fervor for artificial intelligence (AI), sleepier cyclical stocks -- including select shares of casino operators -- are languishing. Casino stocks have been punished in recent weeks, and the damage...
Masked Magician Performs Secret Shows on Las Vegas Strip
A magical new Las Vegas experience takes a cue from the Magic Castle in Los Angeles, the secret lair reserved only for working magicians and the people connected to them. The 21-and-over...
Genius Sports Could Be Hidden Gem Among Sports Betting Stocks
Shares of sports betting data provider Genius Sports (NYSE: GENI) are higher by nearly 57% year-to-date. On May 26, they closed at the highest levels since February. A sell-side analyst believes the...
Paddy Power Betfair Fined $600K Over Illegal Sportsbook Marketing
The UK Gambling Commission (UKGC) is in the process of collecting another large fine from a gaming operator. Paddy Power Betfair, the Flutter-owned company operating under the PPB Counterparty Services Limited brand,...