2024.07.18
mgm casino detroit michiganScion Asset Management, the hedge fund run by Michael Burry, added to its investment in Wynn Resorts (NASDAQ:WYNN) during the second quarter. News that it’s a client of GAN sparked a big rally in the software stock today. With that geographic reach, Penn is positioned to capitalize on increased legalization of online casinos and sports wagering.Penn Pops, TooPenn is the 17th US casino operator to license GAN software. admiral casino wood greenGAN Ltd. (Image: WFMZ.com)Penn’s mychoice social casino app will be powered by GAN’s Simulated Gaming software. Michael Burry (right), the investor played by Christian Bale (left) in “The Big Short,” added to his Wynn investment. hard rock casino lake tahoe nv seminole casino explosion todaydoubledown casino one million codesGAN shares, which are up nearly 23 percent over the past week, jumped to their highest levels since late June on the Penn news.Social gaming can set the stage for live money wagering, and with Wall Street consistently highlighting the opportunities in the internet casino market, it’s not surprising GAN is surging today.Simulated Gaming is a core offering of GAN, which enables casino operators to provide social gaming offerings to players in states in advance of real money iGaming, providing meaningful marketing and revenue opportunities for both operators and GAN,” according to the technology company.Financial terms of the deal weren’t disclosed.Stacking Up DealsSince listing in the US in May, GAN stock is developing a reputation for being positively levered to client acquisition news.For example, the shares surged 7.66 percent on Monday after the company said Cordish Gaming Group debuted the “PlayLive!” online gaming business in Pennsylvania, a product backed by GAN software. But it is recouping those losses and then some today.News that it’s a client of GAN sparked a big rally in the software stock today. royal ace casino daily free spinsThat was after the shares jumped 12.65 percent four days earlier, when GAN discussed the deal at an investor conference.In June, the company teased investors with talk of a “tier one” client that could mean 0 million to 0 million in annual revenue.red stag casino sister itical to Atlantic City’s recovery.“We’re hoping, obviously, to get a reprieve from that indoor dining ban,” Lupo continued. (Image: USA Today)The investment vehicle, which had 5.2 million in assets under management as of June 30, revealed a significantly larger stake red stag casino sisterin the Encore operator in a recent 13-F filing with the Securities and Exchange (SEC). las.atlantis casino fanduel casino desktopgolden grin casino spike drinkThere’s been ample speculation as to what operator GAN could be referring to, and it’s probably not Penn, because the cloud computing software publicly stated that revenue estimate and today’s announcement about the deal with Penn Interactive doesn’t include sales forecasts.Still, Penn is the largest gaming operator to date to select GAN as a software provider. 3 in Atlantic City behind only Borgata (0 million) and Harrah’s .9 million.In the first seven months, Hard Rock commanded a roughly 12.5 percent market share of Atlantic City’s gaming industry. It’s about the entire New Jersey restaurant industry.”Hard Rock Atlantic City has 12 eateries, 10 of which are currently offering to-go and/or outdoor dining options.AC Cash Cow Hard Rock only opened in June of 2018, but the Boardwalk casino has quickly become one of the highest casino revenue generators. Burry was one of the investors profiled in the 2015 hit movie The Big Short. GAN Ltd. That ranks the property No. bicycle casino email riverwind casino deals |