Las Vegas Sands Corp

Las Vegas Sands Corp (LVS) News & Events

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LVS News

LVS Events

10/26 10:30

CFTC and NBA Sign MOU to Protect Basketball Market Integrity

The Commodity Futures Trading Commission and the National Basketball Association announced their signing of a Memorandum of Understanding intended to "protect the integrity of professional basketball in prediction markets." Through the MOU, the CFTC and NBA will "better share information by regularly communicating and discussing matters relating to integrity, as well as maintaining fair and transparent prediction markets," the league and agency stated. "I'm pleased the CFTC and NBA signed an MOU which continues the Commission's commitment to increasing data sharing between the agency and professional sports leagues. The NBA joins the MLB and NHL in taking a responsible step toward protecting sports integrity and market participants from abuses in prediction markets like insider trading and fraud. I thank NBA Commissioner Adam Silver for putting the integrity of professional basketball and America's financial markets first and for working with the CFTC on this MOU," said CFTC Chairman Michael Selig. Publicly traded companies in the casino and gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).

10/21 20:00

Nasdaq Composite Rises Over 1%, Tesla Falls 3.3%

All the major averages were up, though the outsized bounce in technology stocks helped Nasdaq Composite to post an outsized increase of over 1%.  AI-exposed Industrials and Technology were also the top two performing sectors in the S&P 500, where Semiconductors as well as Enterprise Software marched in step to the upside.   Software iShares ETF (IGV) was up for the second consecutive day, rising 1.8%, while iShares Semiconductorsrallied over 2%.  In turn, rising Treasury yields punished the rate-sensitive sectors - REITs was among the worst performing areas of the market.The afterhours earnings session saw mixed results for high-profile Tech and AI-driven names: Lam Research and IBM were down, though Meta Platforms and Texas Instruments were modestly higher.  Tesla initially rallied on earnings, but the stock retreated during the earnings call as the company cut its capex view for this year to $20B from $25B.  Subsequently, in the opening hours of the evening session, the Nasdaq 100 contract is down by 0.7% while S&P e-Minis are down by 0.5%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Liberty Energyup 8.8%CSXup 3.7%Knight-Swift Transportationup 3.3%Meta Platformsup 2.5%SAP SEup 2.3%Kinder Morganup 2.0%Texas Instrumentsup 1.2%United Rentalsup 0.6%DOWN AFTER EARNINGS -Lam Researchdown 6.8%IBMdown 4.4%Tesladown 3.3%Las Vegas Sandsdown 2.7%

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