Tag: Stocks
Prediction betting craze wipes $26B off gambling giants
The craze for cryptocurrency betting on politics and events has dealt a near £19bn blow to some of the world’s largest gambling... more
Jim Cramer on Las Vegas Sands: “I’m not sure I like anything gambling these days”
Las Vegas Sands Corp. is one of the stocks Jim Cramer shed light on recently. Cramer highlighted reasons for his pessimism around the... more
Seaport adjusts down price targets for most gaming stocks on slowing growth in Macau and Las Vegas
Seaport Research Partners said in a Thursday note that it has marginally adjusted downwards the price targets for most gaming stocks,... more
Lawrence Ho-linked Black Spade Acquisition III prices IPO, targets NYSE debut today
Black Spade Acquisition III Co, a special purpose acquisition company (SPAC) sponsored by an affiliate of Black Spade Capital – the... more
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
