Digital payments keep company Koin Mobile River has accused casino-supplier behemoth Everi of “abuse of its power … to dampen competition” inward the emerging cashless-payments gaming market. In an antitrust fit filed inward Nevada’s federal tribunal Friday, Koin claims Everi lawlessly forces casinos to employ its have digital payments product…
Games Global, a developer of casino games for the iGaming industry, filed plans on Tues for a $100 trillion US initial public offering (IPO). The Isle of Man-based society commenced trading operations inwards 2021 and is expected to switch on the New York Stock Exchange (NYSE) below the ticker “GGL.…
In unexampled coverage of Macau casino stocks released Monday, Seaport Research psychoanalyst Vitaly Umansky noted the asset course remains a long-term secular ontogeny story, and is less risky and not as volatile as many investors trust it to be. Umansky, a old stager of sell-side reporting of cassino gaming equities,…
Fugitive former Wirecard COO Jan Marsalek was a Russian spymaster who unified espionage trading operations across Europe, according to allegations by Brits intelligence operation that have got just lately come in to light. Marsalek, who fled to Russia on a mistaken passport inwards the backwash of Wirecard’s larger-than-life 2020…
A special committee of Bally’s (NYSE: BALY) independent directors formed to deliberate Standard General’s takeover bid is reportedly in discussions with the hedging monetary fund that’s the largest shareholder inwards the regional cassino operator. Bally’s caudex surged on Tues followers a written report past CTFN that…
Las Vegas Sands’ (NYSE: LVS) shareholder rewards efforts, including buybacks and dividends, could follow headwinds to a course credit ratings upgrade, according to Moody’s Investors Service. In reiterating a “Baa3” rating with a “stable” outlook on the cassino operator, Moody’s said it expects Sands to keep paying dividends…
A recent survey on consumers’ iGaming and online sports betting habits conducted by Truist Securities indicated users have a preference for DraftKings (NASDAQ: DKNG). DraftKings and Flutter Entertainment’s (NYSE: FLUT) FanDuel hold carved out an enviable duopoly inwards the US sports wagering market, past some estimates controlling 70% of…
Rhode Island-based Bally’s Corporation suffered its thirdly deferred payment rating downgrade this week when Fitch Ratings on Mon lowered its outlook on the cassino companion from “B+” to “B.” The non-investment ground level implies Bally’s has a “negative” outlook because of its murky financial situation. The company is…
Shares of Caesars Entertainment (NASDAQ: CZR) are lour past 5.36% year-to-date. That’s a far call from the gains notched past the S&P 500 and the VanEck Gaming ETF (NYSEARCA: BJK) and the broader consumer discretional sector. On the other hand, the Harrah’s operator is upward…
Shares of Red John Rock Resorts (NASDAQ: RRR) are on a blistery rate to commence 2024 as highlighted by a first-quarter gain of 17.3%, outpacing a slew of small-cap indexes of which the stock is a member. Some analysts trust there’s more upside in advance for the gambling…