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Business
August 23, 2024
Goldman Sachs Divests Major Stake in Kindred Group
The globally recognizable gaming group, Kindred Group, confirmed details regarding a major shareholding move. On Thursday, the company revealed it was notified that one of its shareholders, The Goldman Sachs Group, divested a large portion of its stake. This isn’t the sole shareholding move confirmed by Kindred recently. Earlier this year, the company revealed major […]
Business
June 26, 2024
MGM Resorts, LVS and Wynn Highlighted in Goldman Sacks’ Sharpe Ratio Picks
Three leading gaming companies made it to the “high Sharpe Ratio” basket comprised by the leading global investment banking, securities and investment management firm, Goldman Sachs. Investors with the firm recently rebalanced the aforementioned basket, as announced in a report released by Seeking Alpha. Currently, the high Sharpe Ratio basket helps identify 50 S&P 500 […]
Business
April 24, 2024
Goldman Sachs Recognizes MGM’s Leadership in Share Repurchases
MGM Resorts International is poised to emerge as one of the frontrunners in share repurchasing this year, according to financial analysts at Goldman Sachs. The renowned casino operator’s consistent dedication to buying back its own shares has earned it a coveted spot in Goldman’s buyback basket, a significant indicator of market confidence. MGM Shines in […]
Legal
April 8, 2022
US Prosecutor Calls for Former Goldman Sachs Banker’s Conviction on ML Charges
On Monday, April 4, Assistant United States attorney Alixandra Smith from Brooklyn federal court started her closing arguments in the almost two-month trial of the ex-Goldman Sachs top investment banker from Malaysia, Roger Ng, who is charged with money laundering conspiracy, embezzlement, and bribery. Ng Faces Justice in Brooklyn Federal Court Per the court records, […]
Sports
June 24, 2021
NFL Looking into Minority Sale of Media Business
The NFL is exploring options to unload a minority stake in its media business as broadcasters face new challenges in cultivating and reaching audiences. Minority Sale in NFL Media Business Could Lead to Innovation The beauty is in the eye of the beholder, but with things-to-see proliferating and eyeballs now in short supply, traditional media […]
Business
June 18, 2021
Goldman Sachs: “We Do Not Recommend Cryptocurrencies as Asset Class”
Skepticism reigns supreme towards crypto in Goldman Sachs midst after a new report suggested that cryptocurrencies are speculative and not an asset class. Goldman Sachs Cautions Investors about Crypto If Goldman Sachs treats Bitcoin as flower petals in the classic game of chance “He Loves Me, He Loves Me Not,” the investment bank will soon […]
Blockchain
May 7, 2021
Goldman Sachs Launches NDFs with Bitcoin as Underlying Asset
US investment bank Goldman Sachs Group launched Bitcoin-tied derivatives trading to exploit profit opportunities from the $1 trillion Bitcoin market by allowing institutional investors to place big bets, Bloomberg reports. Cash-Settled NDFs The launch of trading with non-deliverable forwards (NDFs) followed the setting up of a trading desk by Goldman Sachs this year to help […]