A Las Vegas-based gaming industry analyst is projecting record or near-record visitation volume through March and profitable times for casino companies.
John DeCree, an equity analyst with CBRE Equity Research, told investors in a Tuesday report about his takeaways from a series of meetings he had with gaming executives during last week’s Global Gaming Expo, where he met with more than 20 companies.
“Broadly speaking, the message we heard throughout G2E was more of the same,” DeCree wrote. “Fundamentals across all segments and verticals remain sound in spite of ongoing macroeconomic concerns and a significant pullback in the shares of most casino and gaming companies since (second-quarter) earnings.”
