Tag: Analyst
Analyst: Wynn stock represents a “good risk-reward”
J.P. Morgan analyst Joseph Greff cautioned investors not to be fooled by the underperformance of Wynn Resorts stock. It “represents a good... more
August revenues don’t improve Macau outlook
Gambling revenue in Macau are no longer expected to recapture pre-COVID levels, thanks to a steep decline in high-roller play. That’s among... more
Strong Labor Day weekend in Las Vegas to make up for Strip’s poor July gaming numbers
A slight drop in July tourism numbers and a 15% decrease in gaming revenue in Las Vegas aren’t slowing expectations for a strong... more
Gaming faces both setbacks and advances in three statehouses
Brendan Bussmann, founder of the B Global consultancy, gave one of his periodic legislative updates Wednesday. It came at the tail end of a... more
Expectations lower for gaming stocks the rest of 2024: analyst
J.P. Morgan issued a note to gaming investors Monday citing “decelerating trends as consumer spending and macro economy slow.” Those... more
Analyst: Promos dampen Macau outlook
Gambling revenue in Macau is heading into a gentle September decline prior to reviving for the Golden Week holidays. That’s the forecast of... more
Analyst high on Penn Entertainment and ESPN Bet
Penn Entertainment “grows ever closer to introducing ESPN Bet enhancements to the market as [management] makes strides toward realizing the... more
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
