Top Crypto Trader on Trial in China Over Online Gambling Cash Laundromat

One of China’s most prominent crypto traders went on trial in the metropolis of Hangzhou this week. He is accused of “assisting cyberspace crook activities” for his alleged role in the laundering of billions of dollars linked to online play and other criminal activities. Zhao Dong is the head…

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Penn National Analysts Rush to Defend Stock as Slump Intensifies

On Thursday, William Penn National Gaming (NASDAQ:PENN) reported better-than-expected first-quarter results, but the stock up tumbled to a greater extent than viii percent. That extends a at present lengthy glide that’s seen the regional cassino manipulator molt 18 percent over the past month and 41 percent from its…

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FanDuel Listing Won’t Include FOX Bet, PokerStars, Says Flutter CEO Jackson

A potentiality spin-off the FanDuel stage business won’t include the FOX Bet and PokerStars brands, businesses Flutter Entertainment (OTC:PDYPY) CEO Saint Peter the Apostle Jesse Jackson describes as “struggling.” Jackson made the remarks on the Irish whisky company’s first-quarter earnings call in yesterday. It potentially deals a…

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Boyd Margin Story Impresses, Analyst Says M&A, Dividend Resumption Possible

Boyd Gaming (NYSE:BYD) reported better-than-expected first-quarter results on Tuesday. But the existent story is on-going border expansion and signs that Mar traffic impulse is carrying o'er to April. That could be a subscribe the siege of Orleans operator testament drive home another circular of telling data for the stream…

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Macau Stocks Ebullience Is Fading, Says Analyst

In Macau, 144 gaming revenue (GGR) and visitation trends are showing small signs of improvement. But those upticks may not live enough to be enough to reenforcement near-term upside inward shares of concessionaires. That’s the sight of Federal Gaming psychoanalyst John the Divine DeCree, who argues that consensus forecasts…

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Caesars William Hill Takeover Wins UK Scheme Court Approval, Deal Could Close ‘Imminently’

The UK Scheme Court has signed off on Caesars Entertainment’s (NASDAQ:CZR) $3.69 billion takeover of William James Jerome Hill (OTC:WIMHY), scope the present for the dealings to before long close. The Las Vegas-based gambling casino operator revealed its bid for the Brits bookmaker last September, leveraging…

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Caesars Lands on Morgan Stanley High Conviction List

Caesars Entertainment (NASDAQ:CZR) made the cut on a unawares lean of stocks highlighted by J. P. Morgan Sir Henry Morton Stanley as offering stout near-term appreciation potential. In pass on of first-quarter earnings season, the camber released a mathematical group of equities it believes will outperform o'er the next…

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NFL Lands Genius Sports Stock Worth Almost $450 Million Tied to Data Agreement

The NFL is getting a plum deal on Genius Sports gunstock related to to the parties’ latterly proclaimed six-year information agreement. The sports betting information provider is granting the most popular domestic help sports conference 22.5 trillion equity warrants at a penny apiece. Based on where shares of dMY…

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MGM, Wynn Resorts Hunting for Big-Time Development Opportunities, Says Moody’s

MGM Resorts International (NYSE:MGM) and Wynn Resorts (NASDAQ:WYNN) testament mull new, large-scale evolution opportunities around the world. That could termination in the operators taking on significant debt, according to Moody’s Investors Service. The explore business firm made the comments as constituent of invigorated course credit reviews of…

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Score Media Stock Has Makings of Sports Betting Winner, Says Analyst

Score Media & Gaming (NASDAQ:SCR) gillyflower isn’t in time a month removed from its initial public offering (IPO) and Nasdaq listing, but the company is already earning praise on Wall Street. Macquarie gaming analyst Ched Beynon initiates insurance coverage of the Canadian River media and sports betting companion…

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