Tag: Analyst
Investors focus on FanDuel and DraftKings among igaming, sports betting operators, analysts say
FanDuel and DraftKings are the top stocks investors are asking about as they survey the sports betting and igaming landscape, according to... more
Analyst: Macau’s temporary down swing not unexpected
Macau’s gambling revenue is on a downward trend in early July, wrote Jefferies Equity Research analyst Andrew Lee. Mass-market gambling is... more
Analyst: Gaming REIT ecosystem improving
While allowing that the first half of 2024 hasn’t been the best for casino-focused real estate investment trusts (REITs), Truist... more
Analyst: Closure of Mirage and Tropicana “earnings catalyst” for mid-tier Strip properties
A Wall Street analyst said the closing on July 17 of The Mirage, combined with the already-closed Tropicana, should catalyze higher rates... more
Analyst: Macau surpassed lowered expectations for June
Jefferies Equity Research analyst David Katz called Macau casino revenues for June “modestly positive” for gaming stocks. “The June results... more
Wall Street Bets: Las Vegas Strip, DraftKings, U.S. regionals
Las Vegas Strip In a June 27 statement, Truist Securities analyst Barry Jonas wrote that Las Vegas Strip revenue in May jumped 4% year over... more
Analysts: Strong Las Vegas Strip revenue in May bodes well for second-quarter earnings
A strong May for gaming revenue on the Las Vegas Strip bodes well for casino operators when they report their second-quarter earnings in... more
Analyst: MGM advances digital strategy with Tipico acquisition
According to CBRE Research Director John DeCree, MGM Resorts International is advancing its digital strategy in acquiring the U.S. product... more
Boyd Gaming’s play to acquire Penn Entertainment called “ridiculous”
Shares of Boyd Gaming have rebounded since a Reuters report surfaced Thursday of the Las Vegas-based company’s interest in acquiring... more
Las Vegas hospitality growth expected to continue, economist says
While gaming revenues in Las Vegas are expected to moderate, strength in hospitality, food, and beverage spending will continue to boost... more
