Boston, MA 02/25/2014 (wallstreetpr) – MGM Resorts International (NYSE:MGM): If Tokyo eventually legalizes gambling, as it seems likely, MGM will be there to invest. Not investing a poor man’s money, but the company which operates casinos in Las Vegas Strip and Macau, China, is ready to put $10 billion investment in Japanese projects. Put differently, the company hopes to own 51 percent in partnership stake with Japanese companies. There have been talks urging for legalization of gambling in Japan and with the company set to host 2020 Olympic, casino investors think that time may have just come for Tokyo to change its long stand and view on gambling. If that expectation does materialize, Tokyo will be the second largest gambling market behind Macau. It is worth mentioning that several other gambling companies besides MGM have shown interest in investing in Japan if Tokyo does, well, behave. MGM Resorts International (NYSE:MGM) was last seen up $2.92 percent to $27.84 per share.
Delta Air Lines, Inc. (NYSE:DAL) recently experienced insider trading were by the company’s chief operations officer reduced stake. COO Stephen Gorman sold 111,096 shares on open market at an average price of $32 per share. That resulted to roughly $3.6 million for Mr. Gorman. With that transaction noted, now Mr. Gorman owns about 148,788 shares of DAL, which carry an estimated value of $4.8 million. This transaction was reveal in SEC filing. Shares of Delta Air Lines, Inc. (NYSE:DAL) were last spotted gaining 2.17 percent to bring the stock price per share to $32.45, higher than the price at which the shares were sold by the insider.
Apple Inc. (NASDAQ:AAPL) and Samsung Electronics can scathe each other in the smartphone and tablet market, but wait until they spot a common ground. The two technology giants that have dominated the smartphone market since the downfall of BlackBerry Ltd (NASDAQ:BBRY), have joined forces to ask the European Union to make it hard for patent strolls to inflict pain on them, especially in winning injunctions when patent issued under dispute is in review by courts. In other words, Apple Inc and Samsung are saying that allowing patent strolls (companies that earn revenue from selling patent licenses without manufacturing anything themselves) to put a stop to the sale of their products over disputed patents usually result in biting losses for their businesses. Apple Inc. (NASDAQ:AAPL) has also joined other U.S. companies and associations in seeking to trim powers of patent strolls.
