SectorWire
SearchGet the daily briefing
Menu

Morgan Stanley sees scope for further US casino-sector deals

Deals & M&A

Morgan Stanley said US gaming demand remained stable or was accelerating, excluding Macao, and identified potential for further consolidation in the physical casino sector. The bank also reported improving hotel demand and discussed possible artificial-intelligence applications, while noting uncertainty about their results. It highlighted Ryman Hospitality Properties among the assets it viewed favourably.

The bank’s assessment may inform investor views on casino-sector demand and potential consolidation.

Request a correction

Keep reading

Regulation

Four US banks restrict employees’ trading on prediction markets

Goldman Sachs, Morgan Stanley, JPMorgan Chase and Bank of America have introduced or expanded restrictions on employee activity in prediction markets, according to reports. Their policies cover event contracts linked to companies, financial markets, politics or macroeconomic data, while Goldman Sachs permits sports and entertainment markets. The banks cited legal and reputational risk rather than a new regulatory requirement.

Continue reading