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NeoGames Stock Continues Ascent, Analyst Forecasts More Upside

Higher by a jaw-dropping 47.26% over the past month, NeoGames (NASDAQ:NGMS) stock is quietly one of the best-performing gaming equities this year. One analyst believes the internet lottery provider will continue its bullish ways.

NeoGames stock
The Nasdaq market site in New York site where NeoGames trades. An analyst sees more appreciation in store for the stock. (Image: CNN)

In a note to clients today, Stifel analyst Steven Wieczynski reiterates a “buy” rating on NeoGames, while lifting his price target to $80 from $54. That implies upside of 11.1 percent from the June 8 clo

New Jersey Man Arrested for Allegedly Stealing Identities to Fund iGaming Accounts

Created over 1,800 accounts

Police recently arrested a 44-year-old man from Audubon, New Jersey in connection with fraudulent iGaming accounts. Casey Ennis faces charges for allegedly stealing identities to create over 1,800 online gambling accounts.

State Police announced the arrest via Twitter:

Richmond Mayor Received Campaign Money From Organization Founded by Investor in Casino Project

Richmond Mayor Levar Stoney (D) is denying any allegations that political contributions to his 2020 reelection campaign had any bearing on his preference in selecting a winning casino bid for the Virginia capital city. 

Richmond casino Levar Stoney Urban One
Richmond Mayor Levar Stoney. An investor in the Virginia capital city’s casino development is part of an organization that donated to the mayor’s 2020 reelection. (Image: Richmond Times-Dispatch)

Stoney, who easily won reelection last year with nearly 38 percent of the vote amid a crowded six-candidate race, received $20,000 from an organization

United States commercial casino industry posts impressive April financials

In the United States and the American Gaming Association trade group has announced that the nation’s aggregate commercial gross gaming revenues for April increased by 3,129% year-on-year to $4.39 billion as the industry continued to recover from the impacts of the coronavirus pandemic. The advocacy organization used an official Friday press release to detail that […]

Skillz Stock Not Yet in AMC, GameStop Territory, But Still Prime Short Squeeze Candidate

Skillz (NYSE:SKLZ) hasn’t yet reached the rarefied air of meme stocks such as GameStop (NYSE:GME) and AMC Entertainment Holdings (NYSE:AMC). But the mobile games platform provider has some of the same ingredients that drove those names to big gains and notoriety.

Skillz stock
The WallStreetBets logo. Skillz may join the ranks of heavily shorted meme stocks. (Image: MarketWatch)

Skillz is heavily shorted and it’s starting to rally. Last week, the company said it’s acquiring online advertising firm Aarki for $150 million. Over that period, the shares are higher by nearly 36 p

Analysts Predict Full Singapore Casino Revenue Recovery Won’t Occur Until 2026

The two casinos in Singapore will not see their gaming revenues fully recover until sometime in 2026. That’s according to a new note from gaming analysts at Bernstein.

Singapore casino revenue Marina Bay Sands
Marina Bay Sands, one of two casino resorts in Singapore. Gaming analysts believe 2019 casino revenues will not return until 2025 or later. (Image: Reuters)

Marina Bay Sands and Resorts World Sentosa remain deeply impacted by COVID-19. Singapore continues to impose stringent entry controls into the island city-state. But conditions are improving. 

Dr. Hsu Li Yang, an infectious diseases expert a

Las Vegas Sands Again Sued Over Macau Casino License, Plaintiff Seeking $12B

Las Vegas Sands is once again facing a multibillion-dollar lawsuit brought by a man who claims the company wronged him in 2001. 

Las Vegas Sands Macau lawsuit
The Sands Macau hotel and casino resort. A man claiming he was partially responsible for Las Vegas Sands receiving market access in Macau is suing the company for billions of dollars. (Image: Las Vegas Sands)

The case stems from when Sands initiated its campaign to win licensure in Macau after Portugal handed back the enclave to China. Macau officials decided to end Stanley Ho and SJM Holdings’ decades-long monopoly on casino gambling

Las Vegas Sands faces $12 billion lawsuit from a former partner in a Macau court

Former partner Asian American Entertainment Corporation, headed by Taiwanese businessman Marshall Hao, is seeking damages of around 70% of Sands’ Macau profits from 2004 to 2022. Reuters calculations puts the figure at around $12 billion.

Gambling Nun Charged with Embezzling $800,000 to Support Habit

In California, a septuagenarian nun faces up to 40 years in prison after pleading guilty to federal fraud and money laundering charges.

Mary Margaret Cooper
Sister Mary Margaret Cooper claimed she had a rich uncle who paid for casino junkets to Las Vegas and Lake Tahoe. (Image: KTLA)

Sister Mary Margaret Cooper admitted embezzling $835,000 from St James Catholic School in the LA suburb of Torrance. Most of the funds she blew on gambling trips to Las Vegas and Lake Tahoe with her friend and housemate, Sister Lana Chang.

Cooper is the school’s former principal. She ran the institutio

Pragmatic Play completes dedicated live studio integration with Unibet

After on March 1st announcing that it would create a dedicated live casino environment for online gambling operator Kindred Group’s Unibet brand, Pragmatic Play’s live dealer games are now available with the multi-product digital platform. Courtesy of the deal, customers of the site that offers online casino, sports betting, bingo, and online poker will have […]

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