Tag: Analyst
Wall Street reacts to DraftKings’s retreat from winning-bet surcharges
Shares of DraftKings rebounded on Wall Street on Wednesday morning, spiking as high as $33.50 per share in early trading. The recovery... more
U.S. casino traffic moves modestly upward in July, Jefferies analyst says
Foot traffic at U.S. casinos rose 2.4 percent in July, according to Jefferies Equity Research analyst David Katz. It lagged July 2019... more
Analyst takes cautious view of Everi, AGS
Truist Securities analyst Barry Jonas maintained Hold ratings on AGS and Everi Holdings following the release of their second-quarter... more
Analyst: August in Macau “largely as expected”
Calling Macanese casino business in the first weeks of “largely as expected,” Jefferies Equity Research analyst Andrew Lee noted an upward... more
Analyst: Gaming stocks trading well below average
Macroeconomic worries are weighing on gaming stocks, according to a Bain analysis released Monday morning. It stated that shares were... more
Analyst: Macau’s crackdown on money exchange having impact
A government crackdown on illegal money exchanges is depressing gambling volume in Macau. That was one of the conclusions of Jefferies... more
Las Vegas Strip in a good position through 2025, analysts agree
Las Vegas tourism is on fire and Wall Street analysts don’t see that slowing down through 2025. Thanks to gaming revenue reports and... more
Pandemic’s effects haunt Chapter 11s
Four years-plus past the onset of the pandemic, corporations are still reeling from its impact, according to a new report from Fitch Group... more
Casino earnings season kicks off Tuesday with Red Rock Resorts
Second-quarter earnings for the gaming industry kick off Tuesday when Red Rock Resorts reports how its Las Vegas casinos are faring, while... more
Analyst: Sports betting up significantly and growing
Gross gaming revenue for online sports betting (OSB) jumped 25 percent in Q2 of 2024, according to Jefferies Equity Research analyst James... more
