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Wynn Resorts Faces Historical June Headwinds Amid Broader Market Challenges
Wynn Resorts (NASDAQ: WYNN), a leading casino and resort operator, has entered June under a historical cloud. According to data from Schaeffer’s Investment Research, the company’s stock has consistently struggled during this month over the past decade. Averaging a 3.29% decline each June for the last 10 years, Wynn ranks as the fourth-worst performer among all S&P 500 components in this period, with positive returns in just 30% of those years. The stock's dismal June track record makes it a notable laggard in the benchmark index. Wynn is also the only gaming company among the 25 worst-performing S&P 500 stocks for June. It shares company with two other travel and leisure names, suggesting the sector as a whole tends to underperform in early summer. Sell in May and Go Away? Not Quite The adage "Sell in May and go away" […]
Melco Resorts Rebounds in Q1 2025 with Strong Revenue Growth and Renewed Momentum
At the center of Melco’s revival is its flagship property, City of Dreams Macau, which alone generated $137.5 million in operating income this quarter. CEO Lawrence Ho highlighted the momentum in Macau, stating that property EBITDA in the region had grown 32% quarter-on-quarter. “We recorded our highest daily mass drop ever,” Ho noted, emphasizing sustained growth across the mass gaming market. Despite this, Altira Macau underperformed with a $2.4 million operating loss, attributed to a 22.7% drop in table drop volume compared to the same period last year. Philippines Market Faces Rising Competition In contrast to Macau’s momentum, the Philippines posed challenges. Melco acknowledged the impact of increased competition on City of Dreams Manila, although the property still delivered a respectable $13.5 million in operating income and $30.1 million in Adjusted EBITDA. During the earnings call, Ho reflected on the […]
Brazil Sets Strategic Course for eSports Olympics 2027 in Riyadh
eSports to Join Olympic Movement in 2027 The global sporting landscape is evolving, and in 2027, a major milestone will mark this transformation—the inaugural edition of the eSports Olympics, scheduled to be held in Riyadh, Saudi Arabia. In anticipation of this groundbreaking event, the Brazilian Olympic Committee (COB) has begun laying the groundwork for the nation’s participation, signaling a strategic pivot toward the digital future of competitive sports. COB Puts eSports on the National Agenda With just over 100 days under the current leadership, the COB has prioritized eSports as a crucial frontier. The committee has initiated study groups to understand the digital sports ecosystem and prepare the national framework for participation. According to Matheus Figueiredo, COB’s Institutional Relations Manager, embracing this movement is not just optional—it’s essential. “This agenda is on the table,” said Figueiredo. “Understanding this moment and […]
Oregon Lottery Celebrates 40 Years with Pot of Gold Remake and $40,000 Top Prizes
The Oregon Lottery is turning back the clock—but with modern-day rewards. In celebration of its 40th anniversary, the Lottery has released a commemorative scratch-off ticket, reimagining its first-ever game, “Pot of Gold,” launched on April 25, 1985. The new version, called “40th Anniversary”, is a $30 scratch ticket featuring the familiar rainbow design and glittering gold—but this time, players have a chance to win one of 25 top prizes of $40,000. More Than Half the Tickets Sold — But Big Prizes Remain Since its release in January 2025, the game has already seen brisk sales, with over 50% of tickets sold. Yet, most of the big wins are still up for grabs: 16 of 25 top prizes of $40,000 remain 4 of 5 second-tier prizes of $10,000 are unclaimed 6 of 8 third-tier prizes of $1,000 are still available With […]
Brazil’s Sports Betting Trends 2025: 94% of Deposits Under R$100, Pix Dominates Payments
94% of deposits under R$100 | Pix accounts for 96.72% of payments | Updated return rate hits 93% Online Betting in Brazil Sees Surge in Micro-Stake Wagers With the official regulation of online sports betting in Brazil starting in January 2025, new data reveals how bettors are interacting with digital platforms. According to a recent study by Pay4Fun, 94% of all betting deposits in January and February were under R$100, highlighting a strong trend toward low-value wagering. This early behavior showcases a cautious yet active user base exploring the newly regulated market with small, manageable bets. High-Risk Bets Make Up a Tiny Fraction While overall engagement is growing, high-value betting remains rare in Brazil. The same report shows: Only 1.4% of deposits exceeded R$1,000 Just 0.3% involved amounts above R$2,500 These numbers reinforce the fact that the Brazilian online betting […]
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- Wynn Resorts Faces Historical June Headwinds Amid Broader Market Challenges
- Melco Resorts Rebounds in Q1 2025 with Strong Revenue Growth and Renewed Momentum
- Brazil Sets Strategic Course for eSports Olympics 2027 in Riyadh
- Oregon Lottery Celebrates 40 Years with Pot of Gold Remake and $40,000 Top Prizes
- Brazil’s Sports Betting Trends 2025: 94% of Deposits Under R$100, Pix Dominates Payments
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