Shares in Macau’s Suncity Group Holdings Ltd more than tripled on Thursday. The firm said Executive Director Andrew Lo is its new majority shareholder. Shares gave up some of the gains but were still up 182%, valuing the company at $130m. Suncity is a Macau junket operator which brings in high rollers to gamble. Shares … Read more
Drake has lost almost $320,000 after betting on Formula One driver Charles Leclerc to win the Spanish Grand Prix. The 35-year-old Canadian actor declared on social media that he had wagered $300,000 on Leclerc. “First F1 bet, let’s see how it goes,” the One Dance hitmaker said on Instagram, admitting he risked $300,000 Canadian dollars … Read more
RIYADH: Bitcoin hit a six-month high and was within striking distance of its all-time peak on Tuesday, as traders bet an anticipated listing of a futures-based US exchange-traded fund (ETF) could herald investment flows into cryptocurrencies, Arab News reported. Bitcoin has been known for its volatility for 13 years and has recently been trading fairly flat, but … Read more
