AJG-06-27-2019

ARTHUR GALLAGER & CO

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Friday's morning session saw 641 companies set new 52-week highs. Areas of Significance: MACOM Technology(NASDAQ: ...

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17 Jan, 2020 / 18:23

Marsh & McLennan (MMC) purchases the leading brokerage firm Ironwood Insurance to enrich its portfolio.

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17 Jan, 2020 / 13:53

During Thursday's morning session, 405 companies made new 52-week highs. Significant Points: MACOM Technology(NASDAQ: ...

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16 Jan, 2020 / 15:22

Arthur J. Gallagher (AJG) acquires 100% ownership of Capsicum Reinsurance Brokers LLP.

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14 Jan, 2020 / 14:43

We are still in an overall bull market and many stocks that smart money investors were piling into surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57% each. Hedge funds' top 3 stock picks returned 45.7% last year and beat the S&P 500 ETFs by […]

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14 Jan, 2020 / 02:20

Arthur J. Gallagher & Co. today announced that on January 1, 2020, it increased its interest in Capsicum Reinsurance Brokers LLP ("Capsicum Re") from 33% to 100%. Other terms of the transaction were not disclosed.

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13 Jan, 2020 / 10:00

Arthur J. Gallagher & Co. today announced that it has acquired a 60% interest in Caribbean insurance broker Risk Management Services Limited (RMS). Terms of the transaction were not disclosed.

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10 Jan, 2020 / 16:00

Arthur J. Gallagher & Co. (NYSE: AJG) will release its fourth quarter 2019 earnings after the market closes on Thursday, January 30, 2020. A printer-friendly format will be available on the company's website shortly thereafter.

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09 Jan, 2020 / 21:15

Brown & Brown (BRO) completes the purchase of Special Risk Insurance Managers to expand its presence in the insurance market in Canada.

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09 Jan, 2020 / 14:40

The best dividend stocks give a powerful boost to income and retirement portfolios. These stocks offer both solid yields and strong performance.

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08 Jan, 2020 / 22:10

Since the Supreme Court struck down a ban on sports betting in New Jersey in 2019, more than $4 billion in bets have been placed. And New Yorkers are looking to get in on the action in an unlikely place - New Jersey train stations. According to a report from Bloomberg, much of NJ's betting is happening in or around train stations with access to Manhattan making gambling easier for NYC residents.  

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06 Jan, 2020 / 21:47

In the latest look at stocks ordered by largest market capitalization, Russell 3000 component Altice USA Inc (ATUS) was identified as having a larger market cap than the smaller end of the S&P 500, for example Arthur J. Gallagher & Co..

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06 Jan, 2020 / 21:36

(Bloomberg) -- Julio Carrasco, general manager of a sports bar near the train station in Hoboken, New Jersey, has welcomed a new sort of clientele in the past few months.Some are reps for sports-betting websites, like DraftKings or PointsBet, there to promote online wagering via events in the bar. The others are New York gamblers, typically single men, who come in by train just to bet.“You notice the guys, everyone else is a regular, meeting friends, then you have one guy, specifically here to gamble,” said Carrasco, who runs the bar, called Texas Arizona.New Jersey has seen a surge in sports bets since the state convinced the U.S. Supreme Court to overturn a ban on such wagers in 2018. More than $4 billion in bets were placed there in 2019. But rather than going to casinos or racetracks, gamblers are making more than 80% of their bets online, often using smartphones near train stations just outside New York City. They’ve made the state the early leader.888 Holdings Plc, a Gibraltar-based operator with an office in New Jersey, said its biggest markets for betting in the state include Jersey City, Hoboken and Newark, three gateways for people working in Manhattan.Much of the betting is being done in or near train stations, according to Yaniv Sherman, 888’s head of commercial development in the U.S. Some of it is by commuters waiting for connections. Even Newark’s Liberty International Airport sees betting action, mostly in the bars and restaurants in the terminals, he said. There’s also a large contingent of New Yorkers traveling to New Jersey just to place bets.“On Saturday and Sunday, you see those locations light up,” Sherman said. “People are coming in to place bets and traveling back to the city.”New Jersey, like other states that allow online wagering, requires that bettors be physically present in the state when they gamble. Geolocation software helps ensure that they are.New Jersey trains, buses and transit stations are covered with ads for betting operators such as William Hill Plc, Kindred Group’s Unibet and MGM Resorts International, which has been offering up to $500 in free play for new customers. DraftKings even has an office in Hoboken, while PointsBet Holdings Pty, an Australian company, has set up shop in neighboring Jersey City.Flutter Entertainment Plc’s FanDuel, which has emerged as the leader in sports betting in New Jersey, said about 22% of its mobile bettors are New York residents.On weekends, the company offers a shuttle from New York’s Port Authority bus station to its sportsbook at New Jersey’s Meadowlands racetrack. That location, the closest sportsbook to New York City, has become the largest outside of Nevada, according to researcher Eilers & Krejcik Gaming LLC.Through November 2019, football bets produced the third-highest house win among sports wagers in New Jersey.The competitive landscape could change with new laws in New York. Casinos in the state have recently opened sportsbooks for on-the-premises betting, and it’s considered to be just a matter of time before online wagering is legalized.“If you had to place a bet on New York mobile, right now the favorite would be approval in 2021 and launch at some point in 2022,” said James Kilsby, an analyst with Gambling Compliance.New Jersey cities near the border with Pennsylvania, meanwhile, have already seen a drop since that state began allowing mobile betting, 888’s Sherman said.(Updates with football bets four paragraphs from bottom. The date of a court ruling in the fourth paragraph was corrected in an earlier version of this story)\--With assistance from Ira Boudway.To contact the reporter on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.netTo contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

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06 Jan, 2020 / 19:31

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