Business
February 28, 2021
SEC Puts Trading in 15 Stocks on Hold for Fears of Speculation
Trading in 15 more stocks was suspended on Friday as SEC fears that social chatter and speculation are driving perilous market conditions. SEC Targets 15 Stocks Driven by Social Media Frenzy The Securities and Exchange Commission (SEC) has gone after stocks it has deemed too unpromising to merit the social media frenzy that has been […]
Business
January 17, 2021
Affinity Gaming Targets Merger with Gaming Industry Business
Another gaming industry merger is in the pipeline, a Friday filing with the US Securities and Exchange Commission (SEC) from the special purpose acquisition company (SPAC) Gaming & Hospitality Acquisition Corp revealed. Three-Way Merger According to the filing, the blank check company would seek to identify, acquire and develop a business within the gaming and […]
Business
September 29, 2020
JPMorgan Chase Settles Nearly $1B for Spoofing Allegations
JPMorgan Chase agreed to settle investigations into its trading practices by US authorities, as stipulated by three unnamed people with knowledge in the matter cited by Bloomberg. The investment bank accepted a record $920 million penalty for its manipulation tactics in trading metal futures and treasury securities. The Most Expensive Spoofing to Date Market manipulation […]
Blockchain
September 16, 2020
SEC and Unikrn Reach Settlement, Disable Trade of Tokens
The United States Securities and Exchange Commission (SEC) and Unikrn Inc, an esports betting company, settled a pending case over an unregistered Initial Coin Offering (ICO) carried out by Unikrn, SEC announced on Tuesday. According to SEC, the company has agreed to pay a $6.1 million penalty to the U.S. government, choosing to settle the […]
Business
August 22, 2020
Regulators Need Help to Understand Crypto, Says Rep. Emmer
Representative Tom Emmer has stated that Ripple is not a security and that it deserves regulatory clarity from SEC. In the meantime, Emmer is convinced that industry experts should continue to educate lawmakers on the good blockchain and crypto can bring on. Ripple Deserve Regulatory Clarity Says Rep. Tom Emmer Should the Securities and Exchange […]
Casino
August 10, 2020
InterActiveCorporation Acquires a $1B Stake in MGM Resorts
Digital media company InterActiveCorporation (IAC), which has a history of buying, developing and selling online businesses announced today it had accumulated a significant share in MGM Resorts International. In a Schedule 13D filed to the Securities and Exchange Commission (SEC), IAC revealed it had acquired 12% in the casino operator, worth an estimated $1 bilion. […]
Casino
June 12, 2020
Wynn Macau Proposes New Series of Senior Notes, Releases Q2 Preliminary Results
Wynn Resorts is considering issuing a series of senior notes, reveals an 8-K filing by the gaming and hospitality operator to the US Securities and Exchange Commission (SEC) Thursday. As per the information submitted, Wynn Macau is proposing to conduct an offering of the Notes to Professional Investors, with its completion subject to market conditions […]
Business
May 1, 2020
DEAC Filing to Clear DraftKings for Nasdaq Listing Reveals Shareholders, Other Merger Details
Diamong Eagle Corp /DEAC/, the Special Purpose Acquisition Company /SPAC/ created for the merger between DraftKings and SBTech, announced last week its shareholders approved the deal that involved the Boston-based fantasy and sports book operator and the European technology provider. Subsequently, this meant that since Friday, April 24, DraftKings started trading on the NASDAQ as […]
Business
April 24, 2020
MGM Issues New Public Debt of $750M to Boost Liquidity
MGM Resorts has announced the company managed to raise $750 million in new debt, to further strengthen its balance sheet amid the uncertainty related to the current health crisis that led to casinos closure across the states. Notes Offering Amount Upsized Thursday morning the casino operator was hoping to reach at least $500 million, and […]
Casino
February 15, 2020
MGM Resorts’ Jim Murren to Claim Close to $32m in Exit Payout
Amid stepping down, one of MGM Resorts’ most iconic CEO, Jim Murren, is about to collect close to $32 million, a recent filing to SEC revealed. Jim Murren to Collect Nearly $32m in Bonuses, Salary, and Fees According to a filing to the Securities and Exchange Commission (SEC), Jim Murren, MGM Resorts’ boss who announced […]