Tag Archives: Wells Fargo
- Extended gains: Bitcoin climbs above $3,400 to new all-time high
August 8, 2017
Bitcoin is out to prove that the scaling debate is a thing of the past. The digital currency extended its gains to a new all-time high on Monday, when it reached an unprecedented $3,440 on Bitfinex. Bitcoin is currently trading at $3,415 with a market capitalization of $56.3 billion, according...
- Bitfinex takes Wells Fargo to court over suspended wire transfers
April 10, 2017
Digital currency exchange Bitfinex has filed a lawsuit against Wells Fargo over embargoed U.S. dollar wire transfers. The lawsuit, filed last week in Northern District of California federal court San Francisco division, sought “a preliminary and permanent injunction against Wells Fargo. Plaintiffs Tether Limited and iFinex, which operates Bitfinex, are...
- G2E Recap, Day 2: The Money Guys
September 26, 2013
After Wednesday's morning keynote at G2E, the “Finance” track offered two sessions that delved into more detail about the challenges facing the Las Vegas and US gambling industries. In the first session, moderator John Restrepo and a panel of financial experts asked a simple question: Is Vegas back? The answer appeared...
- Macau has a shot at another MOP30 billion revenue month in May
May 7, 2013
Macau's revenue numbers from March 2013 represented the only time in history that gross earnings exceeded MOP30 billion. While that was a first for Macau, Wells Fargo believes it won't be the last. In a note that was issued to its clients, Wells Fargo senior analyst Cameron McKnight said that...
- Investing The Hard Way: Can MGM and Caesars Outrun Their Debt?
November 12, 2012
Over the last few months, I've been rather bearish on both Caesars Entertainment (CZR) and MGM Resorts International (MGM), arguing that the high debt loads at each company – $20 billion and $13 billion, respectively – means equity investors are unlikely to see solid returns. Indeed, I've argued that MGM...
- Investing The Hard Way: Third Quarter Review
October 1, 2012
That was a little better. After falling 12% in the second quarter, gambling stocks – as measured by the Market Vectors Gaming ETF (BJK) – rose about 6.7% in the third quarter, and are now up a tidy 10 percent year-to-date. Most of the gains came over the last two...
No, Las Vegas Sands is not buying Wynn Resorts
March 17, 2017