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Author page: Ace Highman

Wynn Resorts stock chart

J.P. Morgan Boosts Wynn Resorts’ Price Target to $117 After Strong Q4 Performance

Wynn Resorts got a confidence boost from J.P. Morgan after delivering stronger-than-expected fourth-quarter results. The firm raised its December 2025 price target for the casino operator’s stock to $117, up from previous estimates, reflecting solid gains in both Las Vegas and Macau. Wynn’s shares closed at $90.76 on Friday, but the latest analysis suggests there’s…

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horse race betting online legal case

Michigan’s Horse Race Betting Rules Deemed Unconstitutional by Federal Judge

A federal judge has ruled that Michigan’s regulations for online horse race betting violate the Constitution, granting a preliminary injunction to TwinSpires, one of the leading online racebooks. The decision prevents state authorities from enforcing certain licensing requirements that restricted Michigan residents from placing bets on out-of-state horse races. Judge Sides with TwinSpires Chief U.S.…

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SkyCity Auckland casino

SkyCity Cuts Full-Year Earnings Forecast Amid Tough Market Conditions

SkyCity Entertainment Group has revised its full-year earnings outlook downward after a difficult first half, with declines in revenue, underlying EBITDA, and net profit. The New Zealand-based casino and entertainment company reported a 4.7% dip in revenue for the six months ending December 31, 2024, highlighting ongoing challenges in consumer spending. Revenue Drops Across Key…

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Las Vegas Strip casinos at night

Caesars Expected to Outperform Peers in Hold but Fall Short of Consensus, Analyst Warns

Caesars Entertainment is poised to show a stronger hold than its competitors on the Las Vegas Strip when it reports earnings next Tuesday, but investors shouldn’t expect it to hit consensus estimates. That’s the latest assessment from Deutsche Bank analyst Carlo Santarelli, who urged caution amid rising expectations for the casino giant. Analyst Cautions Against…

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