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As the current earnings season starts to wrap up, investors will note that some of the most interesting results this round came out of the gaming and casino industry. Thanks to continued domestic strength and improvements in Macau, casino stocks are finally rolling again.

In fact, the overall gaming industry currently sits in the top 16% of the Zacks Industry Rank, and according to our industry-based data , this group of stocks has returned an average of more than 15.9% year-to-date.




German poker pro Julian Stuer steamrolled the end of the 2017 PokerStars Championship presented by Monte-Carlo Casino® €25,750 High Roller on Friday night to claim €1,015,000 and his first PokerStars Championship title.

The third and final day of the tournament saw 27 hopefuls out of a 187-entry strong field return to the tables at the Monte-Carlo Bay Hotel & Resort, and each of them guaranteed a portion of the massive €4.5 million prize pool.



Macau, the world’s largest casino hub, is expanding into Africa. Macau Legend, led by billionaire and former Macau legislator David Chow, is building a $275 million casino complex in Cape Verde, a set of islands off Africa’s west coast.

The 152,700 square-meter (1.6 million square feet) complex, which will house a resort, casino, office buildings, and a museum in Cape Verde’s capital city of Praia, is now in its first phase of construction. So far, a seawall has been built and construction of the hotel is expected to start soon, according to a Macau Legend spokesperson. The massive complex will be partially built on reclaimed land, area that was once under the sea. It should take at least another two years.



World-famous comedy star Kevin Hart took his first crack at a major high roller when he played the $100,000 Super High Roller at PokerStars Championship Bahamas in January.

He fired a couple of shells without any luck, but he may have at least learned something from the experience, as he improved his results already on his second try by making Day 2 with above starting stack of the same event at PokerStars Championship presented by Monte-Carlo Casino®.



Macau-based casino operator Galaxy Entertainment Group Ltd and Monaco casino firm Société des Bains de Mer et du Cercle des Étrangers à Monaco, also known as SBM, announced the formal establishment of a strategic partnership between the two firms. “This partnership includes a mutual commitment… to work together on the development and operation of entertainment businesses including integrated resort projects in the Asia‑Pacific region,” namely in Japan, the firms said in a joint press release.



The Florida Senate is to put a start to the new gambling legislation negotiations between the members of the House and the Senate on Thursday. The conference is set to kick off at 4 PM today. Six state senators and six state representatives are reportedly to be present at the gambling legislation conference, with the presence of state Senator Bill Galvano, Representative of Branderton, confirmed. It is exactly Galvano who is the conference chairman, considering the fact he is well-seasoned in the matters of gambling legislation. However, it is not exactly clear what would the Senate offer at the conference.



Casino and café chain owner Hard Rock International has finalized the purchase of the shuttered Trump Taj Mahal casino, a move that allows the company to finally enter Atlantic City’s casino market. Hard Rock will host a press conference on Wednesday, April 5, to shed light on its plans for the property. The casino developer and operator has not disclosed Trump Taj Mahal’s purchase price, but it had formerly confirmed that it would invest over $300 million in the property’s complete redevelopment. Spread over 17 acres of land on Atlantic City’s Boardwalk, the complex will reopen doors for visitors and guests as Hard Rock Hotel & Casino Atlantic City.



Casino developer and operator Galaxy Entertainment Group (GEG) is planning to complete and launch Phases 3 and 4 of its Cotai Strip property Galaxy Macau by 2018 and 2020, respectively. The company said during a Friday presentation of its annual financial results that the new phases of the massive project will mostly include family-friendly entertainment options and MICE (Meetings, Incentives, Conferences, and Events) facilities.

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A gambling bill passed a Florida House Committee on Tuesday after members voted 11-7 in the affirmative. Sponsored by Rep. Mike La Rosa, the piece basically keeps the current gambling status quo in the state, very much unlike a separate legislation currently being considered in the Senate that calls for a massive gambling expansion.HB 7037 was introduced in mid-February and cleared the House Tourism and Gaming Control Subcommittee shortly after. Here it is important to note that Rep. La Rosa chairs said subcommittee. The legislative piece is next headed to the Commerce Committee. If it clears that hurdle, too, it will then appear before the full House floor.