Gambling stocks traded sharply lower on Monday morning as Macau casinos shut down for a week. In response, one Wall Street analyst cut his price targets for U.S.-listed casino stocks with exposure to Macau.
The Analyst: Bank of America analyst Shaun Kelley issued the following price target cuts on Monday:
BetMGM has signed an agreement with Sony Group Corp’s (NYSE:SONY) Sony Pictures Television and International Game Technology PLC (NYSE:IGT) to launch Wheel of Fortune…
Financial media and data company Benzinga is capitalizing on its mission to bridge the gap between retail and institutional investors by holding free virtual events featuring speakers from innovative companies.
MGM Resorts International (NYSE:MGM) owned sports betting and gaming entertainment company BetMGM has partnered with Carnival Corp (NYSE:CCL) to provide retail and…
The Macau Legislative Assembly signed the final draft of the new Macau gaming law this week.
Bank of America analyst Billy Ng says there's nothing in the legislation that dampens his long-term bullish thesis on the Macau gaming market.
Draft Updates: The final draft of the law includes the following changes:
The Solana (CRYPTO: SOL) Foundation and Solana Ventures announced on June 7 a pledge of up to $100 million for cryptocurrency and NFT projects across South Korea.