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...further highlights the increased risks associated with using leveraged ETPs,” said Kenneth Lamont, senior fund analyst for passive strategies at Morningstar, who has likened leveraged and inverse ETPs to a “casino...
...Fertitta, whose net worth Forbes estimates at about $9bn, is the owner of US basketball team the Houston Rockets, the Golden Nugget casino business and restaurant chain Landry’s....
...And net-net the winners are not the gamblers but the casino....
...Stablecoins are a form of digital cash akin to chips in a casino, allowing holders to easily switch between trading on different markets....
...Penn also operates more than 40 bricks-and-mortar casinos. Penn will pump an additional $150mn a year into marketing ESPN Bet, which is launching in 17 states....
...Maga Inc, a pro-Trump super Pac, has booked just $6.5mn....
...Hedge funds and asset managers can buy those instruments, and trade them in Macau — a place better known for casinos than financial services....
...They are equivalent of walking into the casino and slapping down your chips on red — and that’s not investing any more.”...
...Disney is pushing into the US sports betting industry, tying its ESPN cable network to the casino and online gambling company Penn Entertainment in a $2bn deal....
...News round-up Iliad proposes merger of Italian operations with Vodafone Italia (FT) Software AG sells data platform to IBM for €2.1bn (FT) Intermarché and Auchan open talks on buying Casino stores (FT...
...is littered with defensive healthcare names (Eli Lilly, Amgen, Regeneron, McKesson) whereas the worst performers are a who’s who of highly levered economically sensitive stocks (cruise lines, airlines, casinos...
...Ooredoo Hutchison installing 4G in Indonesia’s new capital (Nikkei Asia) Nvidia says growth elsewhere will outweigh drop in China sales (FT) Chinese police arrest tech founder on suspicion of running casino...
...Late on Tuesday, the US regional casino chain ended its partnership with the Barstool Sports media group to work with Disney’s ESPN....
...The bookies and casinos were never your friends, and the online sportsbooks definitely aren’t your friend.”...
...Travel is a consistent theme: Royal Caribbean, Delta, American Airlines, and two casinos (MGM and Las Vegas Sands) are all in the top 10. Business travel is back....
...Stablecoins are as vital to crypto markets and are akin to chips at casinos: they allow traders to move in and out of bets easily, into wallets rather than lots of traceable accounts.Unfortunately, they...
...So if there's not any casinos in China, or any legal casinos, people are instead using technology to bet via proxy in casinos abroad....
...A version of this article was first published by Nikkei Asia on May 15 2023. ©2023 Nikkei Inc. All rights reserved....
...privately challenged Finma’s AT1 writedown (FT) TikTok sues Montana over first US state ban (FT) Hargreaves Lansdown sounds alarm over Lindsell Train’s risk management (FT) Debt-laden French supermarket Casino...
...A version of this article was first published by Nikkei Asia on May 16 2023. ©2023 Nikkei Inc. All rights reserved....
...The glossy Trump Style magazine breathlessly touted Trump’s brands and properties, from the “swaths of rose marble” at Trump Tower to the “glamour and fun” of the Trump Taj Mahal casino and hotel....
...Melco Resorts & Entertainment, a $2.5bn casino group run by Hong Kong casino mogul Lawrence Ho, is weighing relocating its headquarters to Macau to avoid being delisted in the US, according to two people...
...Warren Buffett on Saturday said US financial markets had become “almost totally a casino” as millions of new traders flooded into the financial system during the coronavirus pandemic....
...“The storefronts or the casinos need to come into compliance with our time tested laws. What that means is not using customer funds as many of them do....
...In 1983, he founded Aristotle Inc, a technology consultancy that sold voter data to political campaigns....
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