Business
May 21, 2026
Dramatic Cut: JPMorganChase Drops Entain Stake Below 3% After Recent 7% Boost
Multinational banking institution serving millions in over 100 global markets, JPMorganChase, has made a surprising announcement. After boosting its stake in gambling giant Entain to 7% less than two weeks ago, the institution has sharply dropped its holding to under 3%. Sparking Controversy The new regulatory filing has sparked renewed talks around the owner of […]
Casino
May 7, 2026
Regional Casinos Face Slower April as Visitor Numbers Fall
Regional casino operators across the United States may be heading into a softer spring period after new data pointed to weaker customer traffic in April. This adds to concerns about uneven conditions across the broader gaming industry. JP Morgan Reports Decline in Regional Casino Visits A recent analysis by JP Morgan showed that visits to […]
Prediction Markets
April 1, 2026
JPMorgan Weighs Entry into Prediction Markets
Thanks to the rise of prediction markets, the idea of a Wall Street giant stepping into a space generally associated with betting companies is sounding much more plausible. JPMorgan Chase CEO Jamie Dimon has confirmed that the bank is exploring adding prediction platforms to its list of services. However, any such move would have to […]
Business
February 2, 2026
Flutter Enjoys Continued Analyst Confidence
Flutter Entertainment enjoys continued analyst confidence despite the near-term uncertainty hanging over the US betting landscape. Most agree that the company’s scale, product mix, and adaptability will enable it to remain competitive amid rising challenges. Flutter’s stock has faced rising headwinds as investors are wary of slower handle growth and growing pressure tied to the […]
Industry
September 3, 2025
JP Morgan Analyst Says OSB Operators Shouldn’t Miss Prediction Markets
According to JP Morgan analyst Daniel Politzer, prediction markets may serve as a practical alternative to online sports betting (OSB), paving the way for the further expansion of the sector. Online Sports Betting Operators Could Win a Lot from Prediction Markets, Analyst Says Politzer identified exchange-traded wagers as a promising market expansion opportunity that he […]
Casino
August 14, 2025
Ex JPMorgan, Goldman Sachs Exec Wanted to Launch Casino, Ended Up Gambling Instead
The story of Richard Kim, an ex-JPMorgan Chase, and Goldman Sachs executive, fascinates. Kim has been indicted on securities and wire fraud charges related to what prosecutors allege is his misappropriation of approximately $4 million worth of investor funds. It Started with a Dream of an Online Gambling Company The money was supposedly stolen to […]
Casino
August 12, 2025
Investment Banks See Stronger 2025 for Macau Casinos
Macau’s casino industry is experiencing a boost in activity. Several investment banks have raised their revenue and earnings projections after seeing better-than-expected results through mid-2025. Rich Chinese tourists are responsible for this comeback. Their renewed ability to spend has gotten a lift from recent economic and financial changes in the area. JP Morgan Raises Macau […]
Business
June 23, 2025
JPMorgan Bullish on Penn Entertainment’s Long-Term Trading Prospects
JPMorgan has shared an optimistic outlook for Penn Entertainment’s stock, expecting it to experience a significant recovery. The favorable forecast was largely due to Penn’s upcoming projects and market presence. JP Morgan Is Optimistic About the Company’s Trading Future JPMorgan’s coverage outlined a price target of $24.00 for Penn, expecting it to experience growth of […]
Industry
January 16, 2025
Analysts Predict Limited Market Shifts in Macau Despite Gaming Revenue Surge
The Macau gaming market posted its strongest quarterly performance in a long time, with gaming revenue in Q4 2024 reaching a 20-quarter high. However, JP Morgan analysts note that such positive financials may not be enough to offset investor skepticism and reignite interest in concessionaire stocks. However, the uptick in revenue should be welcome news […]
Casino
December 24, 2024
JPMorgan Sells Stake in Star Entertainment as Problems Grow
JPMorgan Chase & Co. has sold its stake in Australia’s Star Entertainment Group, according to a regulatory filing on December 23, 2024. This move is big news for the investment bank, which used to own 5.09% of the casino operator’s voting shares. JPMorgan made this choice while Star Entertainment faces financial troubles and regulatory hurdles. […]