&l;p&g;As Canada comes close to legalizing recreational marijuana, cannabis stocks have witnessed a sudden surge in their valuation. Despite the vast upside opportunity for pot stocks, the opening up of the recreational marijuana market may be faced with regulatory hardships, just like the tobacco industry. However, the investors seem to be positive about these stocks, hoping these stocks replicate....More>>>
A Wynn casino and hotel project set to open in Boston in 2019 has drawn the scrutiny of regulators following a Wall Street Journal story that detailed sexual misconduct allegations against founder and CEO Steve Wynn.
The Massachusetts Gaming Commission said it is reviewing a license it issued for a resort casino to Wynn Resorts.
“The Commission is now aware of and is taking....More>>>
New York, NY, based Investment company BlueMountain Capital Management, LLC buys Team Health Holdings, Humana, CBS, International Seaways, Sealed Air, MedEquities Realty Trust, Double Eagle Acquisition, Nexstar Media Group, Eldorado Gold, Kohl’s, sells Lam Research, Allergan PLC, Symantec, Shire PLC, B/E Aerospace during the 3-months ended 2016-12-31, according to the most recent filings of....More>>>
Michael E. Lewitt
Back in April, I recommendedCaesars Entertainment Corp.(Nasdaq: CZR) as a buy – but warned you that this was a play that might take some time to mature.
If you haven’t gotten in already, you’ll want to do it soon.
After months of bitter wrangling, the much-beleaguered Caesars has finally reached a $5 billion deal with the private-equity....More>>>
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Uninsured Rate Soars for the Moderately Broke : CDC
Benefits executives at OneAmerica Financial Partners Inc. have an idea for how to improve Americans’ life insurance coverage: Make sure employers know that workers like having access to voluntary life insurance benefits programs.
After positive mid-stage trial data suggested earlier this year that it might be able to reshape the treatment of kidney failure in lupus patients, Aurinia Pharmaceuticals (NASDAQ:AUPH)has announced plans for a late-stage study that could eventually allow it to win regulatory OKs in the U.S., Europe, and Japan.
What’s going on
Aurinia Pharmaceuticals is working on voclosporin,....More>>>
Friday was a mixed day for the stock market; the Dow Jones Industrials fell slightly even as the S&P 500 (SNPINDEX:^GSPC) and Nasdaq Composite finished higher. The S&P 500’s gains of about a fifth of a percent were propelled in part by favorable economic data showing that retail sales climbed by 0.6% in December, driven by strong performance in the automotive sector. Solid bank earnings....More>>>
When casino gambling is legalized in Japan, we’re going to see an all-out spending war among resort operators because it could become the world’s most lucrative market. And because of the potential Japan offers casino operators, the feeding frenzy they promise could also make it the most expensive gambling market in the world.
How much is too much?
The big casinos certainly....More>>>