The management of United States-based casino operator Wynn Resorts Ltd says its Macau unit recorded the “highest amount of normalised profit” per day during May Golden Week, since the onset of the Covid-19 pandemic at the beginning of last year.
Matt Maddox, the group’s chief executive, said the growth momentum seen in February and March in the Macau market, “continued in April and May”. He was speaking on Monday, in a conference call with investment analysts following the group’s first-quarter results announcement.
Wynn Resorts is the parent of Wynn Macau Ltd, which runs the Wynn Macau complex (pictured) on the city’s peninsula, and the Wynn Palace casino resort in the Cotai district.
Stanley Cup Playoffs to begin Saturday
The National Hockey League announced on Monday night that the Stanley Cup Playoffs will start this Saturday with Game 1 between the Boston Bruins and Washington Capitals.
TSN.ca Staff Boston Bruins celebrate , The Canadian Press
The National Hockey League announced on Monday night that the Stanley Cup Playoffs will start this Saturday with Game 1 between the Boston Bruins and Washington Capitals.
The league had been waiting for some playoff scenarios to play out before announcing a start date for the postseason.
The final games involving American teams wrap up on Thursday night.
The North Division schedule finishes with three games between the Vancouver Canucks and Calgary Flames from May 16-19, although both those teams were eliminated when the Montreal Canadiens clinched the final spot Monday night.
LGI Homes (LGIH)’s Impressive Performance Contributed Greatly in Wasatch Global’s Portfolio
Wasatch Global Investors, an investment management firm, published its “Wasatch Small Cap Growth Fund” first quarter 2021 investor letter – a copy of which can be downloaded here. A return of 4.08% was recorded by the fund’s investor class for the Q1 of 2021, trailing the benchmarks, Russell 2000 Growth Index, that increased 4.88%, and the Russell 2000 Index that rose to 12.70% for the same period. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Wasatch Small Cap Growth Fund, in its Q1 2021 investor letter, mentioned LGI Homes, Inc. (NASDAQ: LGIH), and shared their insights on the company. LGI Homes, Inc. is a Texas, United States-based construction company that currently has a $4.1 billion market capitalization. Since the beginning of the year, LGIH delivered a 57.30% return, extending its 12-month gains to 138.30%. As of May 10, 2021, the sto
KITS Eyecare begins trading on US-based OTCQX market
Vancouver-based e-commerce retailer KITS Eyecare has begun trading on the United States-based OTCQX, OTC Markets Group’s top over-the-counter securities market. KITS was previously listed on OTC’s lower-tier Pink market.
The move comes months after KITS went public on the Toronto Stock Exchange (TSX) in January, raising $55 million CAD. The company is currently listed on the TSX under the symbol ‘KITS.’ On the OTCQX, KITS trades as ‘KTYCF.’
“Our continued success with executing on our strategic plan has led to increased interest in our stock.”
The listing enables KITS to enhance its access to US investors amid increased interest in its stock. According to KITS, upgrading to the OTCQX is an important step for companies looking to provide transparent trading to US investors.
Carsales readies $800m US buy; GS, Morgan Stanley prepare raising
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Carsales.com has its eyes on a big US acquisition.Â
Rob Homer
Sources told Street Talk Carsales was close to sealing a monster purchase of a 49 per cent stake in a United States-based digital business called Trader Interactive, in a deal worth about $800 million.
Carsales will invest alongside Traderâs existing owners, including Goldman Sachsâ West Street Capital Partners and investment company Eurazeo.
Carsales will ask shareholders to help fund the acquisition. It will raise $600 million via a pro rata accelerated renounceable entitlement offer with retail rights trading (PAITREO).