..

US Casino Stocks Rebound With Solid Macau Numbers

Written by:
Guest
Published on:
May/01/2017

Macau revenues beat projections and this helped US casino stocks to surge as well.  A handful of US-based casinos have exposure in the Chinese gambling Mecca.

It’s the ninth consecutive month of gross gaming revenue growth

Also noteworthy, VIP gamblers appear to be coming back following a recent government crackdown.  New casinos are also boosting the Chinese territory's outlook.

Macau’s revenues went up 16.3 percent.

Wynn Resorts shares rose 3 percent midday Monday. 

MGM Resorts and Sands Las Vegas each rose 1 percent on midday trading.

- Aaron Goldstein, Gambling911.com

Business/Financial News

Bitcoin Price Climbs Over $19K, Approaches All Time High

Bitcoin Price Climbs Over $19K, Approaches All Time High

The Bitcoin surge continues as the cryptocurrency surpassed the $19,000 mark Tuesday morning.

How Do Bookies Get Business?

How Do Bookies Get Business?

Bookies get business a number of ways.  Below, Gambling911.com examines just a few courtesy of our friends at PricePerPlayer.

Price of Bitcoin Climbs Over 17K

Price of Bitcoin Climbs Over 17K

Bitcoin continues its momentous run with the cryptocurrency moving over $17000 for the first time in almost three years.  Bitcoin is the most utilized transaction method for online gambling in designated "restrictive" markets, which encompass more than half the globe.

Bitcoin Goes Over $16K: Up 120% YTD

Bitcoin Goes Over $16K: Up 120% YTD

Bitcoin has surged past $16,000 for the first time since January 2018 and is up over 120% YTD! 

FanDuel Partner Entercom Acquires QL Gaming Group

FanDuel Partner Entercom Acquires QL Gaming Group

FanDuel partner Entercom has acquired direct-to-consumer sports betting technology and analytics leader QL Gaming Group in an all cash deal for approximately $32 million.

Syndicate