‘s stock had its “buy” rating restated by investment analysts at AlphaValue in a report issued on Thursday, MarketBeat Ratings reports. They presently have a GBX 1,550 target price on the stock.
Monthly Archives: August 2015
Gala Coral profit up despite new gaming taxes as online earnings shine
UK gambling operator Gala Coral Group posted increased profits in its fiscal Q3 despite the impact of new gaming taxes.
Revenue was up nearly 6% to £305m in the 12 weeks ending July 4, while Group earnings rose 8% to £65.7m. The charge was led by the Group’s digital operations, which reported revenue up 37% to £63.6m, bolstering the company’s claims to have the “fastest growing” online business among its UK-listed peers.
Online earnings rose nearly 28% to £17.1m despite the impact of the UK’s new 15% online point of consumption tax (POCT), which cost the company £6.2m in the quarter. Adjusting the previous year’s Q3 to account for the POCT impact and the 2014 FIFA World Cup boost, online earnings would have risen 202% year-on-year.
The Group’s online operations are divided into three divisions: Coral Interactive, the Gala family websites and the Italian-facing Eurobet site. Coral reported online stakes up 63% and revenue up 69% to £33.2m despite a 1% decline in active customers, as spend per head rose 54%.
Las Vegas Sands Corp. Upgraded to Buy at Vetr Inc.
The firm presently has a $53.64 price target on the casino operator’s stock. Vetr ‘s price objective points to a potential upside of 5.82% from the company’s current price.
Mayor lauds economic spinoff from new $40-million casino in B.C.'s Interior
The mayor of a city in British Columbia’s Interior says hundreds of jobs were created as a result of the construction of a new casino. Cascades Casino Kamloops opened the doors to its new $40 million, 5,800-square-metre entertainment centre on Wednesday night in the same city that’s home to the B.C. Lottery Corporation’s head office.
Splunk to Host Investor and Analyst Meeting on Sept. 22, 2015 at .conf2015
Splunk Inc. , provider of the leading software platform for real-time Operational Intelligence, today announced that it will be holding an Investor and Analyst meeting on Tuesday, Sept. 22, 2015.
Pleascach Rallies Late to Win Yorkshire Oaks
One final effort by Pleascach (IRE) in the Darley Yorkshire Oaks (Eng-I) Aug. 20 at York proved fruitful, as the Irish classic winner surged to the lead inside the final furlong to claim her second group I win of the season.
No Lack of Entries for 'Maryland Pride Day'
Horses bred in Maryland or sired by stallions in the state are coming out of the woodwork Aug. 22 at Laurel Park, where an 11-race program that includes four stakes has attracted 145 entries.
Lotteries boost Tatts profit
Strong online lottery sales and online wagering have helped lift Tatts Group’s annual profit by nearly 26 per cent. The gambling group’s net profit rose by 25.7 per cent to $251.96 million in the year to June 30, from $200.4 million in 2013/14.
TTA: Don't Repeal Historical Racing Rules
The Texas Thoroughbred Association has asked racing regulators to drop efforts to repeal rules they adopted last year to govern historical race wagering at tracks in the state.
Atlantic Lottery winning numbers from Wednesday draws
Wednesday numbers for that draw were 08-12-25-38-45-48. There were no matches for the $1 million Atlantic 6/49 draw, either.
Horsemen File Suit Against Illinois HBPA
Southern Illinois horsemen have filed a lawsuit to compel the Illinois Horsemen’s Benevolent and Protective Association’s president and executive director to disclose financial records, and alleges a conflict of interest.
Melco Crown dealers file complaints for unfair treatment
More than 1000 dealers working at Melco Crown Entertainment have submitted complaints of being “unfairly treated” by the company.
Gaming labor union Forefront of Macau Gaming (FMG) has assisted 1150 dealers from Melco Crown’s City of Dreams and Altira Macau in filing a petition to the company’s human resources department on Wednesday.
The high-duty dealers, a position between dealer and supervisor or sometimes called intern supervisor, claimed that although they have assumed the tasks of supervisors, they’re still being paid the regular dealer rate.
“Workers have complained to us that they have been assigned the tasks of supervisors. However, their salary is basically the same as normal dealers despite [the fact that] they may receive some MOP90 on the day they are assigned for supervisors’ tasks. But basically, the benefits they receive are the same as dealers, too,” New Macau Gaming Workers Rights director Cloee Chao told Business Daily.
The Wealdstone Raider Launches New Football Tipster Channel
Want some football tips? Well, the Wealdstone Raider will now give you some! Wealdstone FC football fan and Internet celebrity Gordon Hill, a.k.a. “The Wealdstone Raider”, has teamed up with Freebets.co.uk, 888 Sport and Coral Sports to set himself up as a football tipster for the new Premier League season.
For those who have been living under a rock and are still unaware of him, Gordon became a YouTube sensation after a video of him having a rant at a non-league football match went viral. “You’ve got no fans!”, he shouted, amongst other choice phrases, and then proceeded to turn on the guy filming him enquiring “You want some? I’ll give it ya!”. These were soon to become his very own catchphrases as the hit video propelled him into the limelight.
That 33-second clip has now been viewed over 9 million times and has somehow made Gordon very famous. Indeed, it became a life changing event for him. Standing at just 5 foot 2 inches tall, this wee bespectacled man with an unmistakable speech delivery has extraordinarily unique appeal.
A builder by trade, the 48-year-old’s life has been turned upside down and he now finds himself doing regular guest spots on TV and radio and making public appearances at nightclubs and events. Gordon now has over 100,000 Twitter followers and was also rated as the top Internet meme of December 2014 by BBC News.
Man found dead near Stratosphere; foul play not suspected
Las Vegas police say there’s no immediate indication of foul play in the death of a man whose body was found on a sidewalk near the Stratosphere hotel-casino.
Weak yuan ‘manageable’ risk for Macau casino operators
China’s yuan devaluation against the U.S. dollar remains to be a short-term problem for operators in Macau, unless of course, there’s an economic collapse.
Dan Wasiolek, senior equity analyst for investment research firm Morningstar Inc., said Nevada-based Wynn Resorts Ltd, Las Vegas Sands Corp. and MGM Resorts International were forecast to receive 62 percent, 55 percent and 27 percent, respectively, of their earnings for 2015 before interest, taxation, depreciation and amortization in Macau.
“Currency may present a near-term sentiment overhang in the shares, but barring an economic collapse, we see the yuan devaluation as manageable for the Macau operators,” Wasiolek wrote in the Morningstar website on Monday.
Wasiolek explained that U.S. operators are not affected—for now, at least—with the weak yuan since sales and expenses in Macau are denominated in pataca (MOP), which is pegged to the Hong Kong dollar.
Lottery Raises More Than $500 Million for Va. Schools
The Virginia Lottery says it raised more than $500 million during the last fiscal year for Virginia’s public schools. The lottery says it increased its sales to more than $1.84 billion in fiscal year 2015.
DraftKings’ UK plans don’t include sportsbook, FanDuel acquires numberFire analytics
DraftKings is launching its London office, but don’t expect the daily fantasy sports operator to open a sportsbook anytime soon.
“We know what we do, and that’s daily fantasy,” DraftKings CEO Jason Robins told Bloomberg Business.
DrafKings recently received a gambling license to operate in the UK. The new London office—manned by around 20 staff members—will open by the end of this year.
Former PartyPoker boss Jeffrey Haas has been tapped to manage the UK operations as DraftKing’s new chief international officer. Haas left Bwin.party digital entertainment in July, leaving hints of a “new adventure.”
Virginia Lottery turns over more than a half-billion dollars to education
For just the second time in its history, the Virginia Lottery has delivered more than a half-billion dollars to Virginia’s K-12 public schools in a single fiscal year.Virginia, Financials, Education
VIDEO: See what it's like to win a Colorado Lottery prize
If you’ve ever imagined what it must be like to win a Colorado Lottery Second-Chance Drawing, get ready to experience all of those winning moments.Winner Stories, Colorado, Second chance drawing, Video
August edition of Mondays Dark benefits Three Square Food Bank
The August edition of the monthly entertainment filled fundraising event, Mondays Dark With Mark Shunock took place at Vinyl inside the Hard Rock Hotel & Casino on Monday night, August 18. All proceeds from ticket sales and auction items benefited Three Square food bank whose goal is to take every dollar donated to feed the hungry in Southern Nevada. For the first time since its inception, all advance tickets were sold out for the show and for the first time ever, a movie soundtrack was the theme.