News

Caesars Q2 Revenue Increases From Sports Betting along with Food And Beverage That Offset Weak Vegas Table Volumes

Second-quarter revenue rose almost five percent to $2.22 billion, beating Wall Street’s forecast by $10 million, on the back of expanded sports betting offerings at its regional properties and strong hotel and food and beverage revenue in Las Vegas.

AGEM releases July 2019 Index

The AGEM Index decreased in July 2019 by 10.38 points to 494.96 points, a 2.1 percent drop from June 2019. The AGEM Index's July 2019 decline was driven by an 8.1 percent decrease in the stock price of Konami Corp. (TYO: 9766), which declined from ¥5,050 to ¥4,640. The stock was responsible for 8.26 points of the AGEM Index's monthly drop. Aristocrat Leisure Limited (ALL:AX) experienced a 0.2 percent stock price drop from AU$30.72 to AU$30.65, which led to a contribution of negative 5.85 points.