Writer: David McKee
Monarch increases revenue and profit in Q1
Monarch Casinos & Resorts reported first-quarter financial results late on April 22. The numbers showed 3.1 percent higher revenue and... more
Analyst reports “transitory weakness” in gaming
While analysts have feared a gaming-wide slowdown, Jefferies Equity Research analyst Kai Erman reported, indications through March and into... more
Conference attendees upbeat on gaming’s prospects
While tariffs remain an X factor in the gaming universe, industry CEOs were generally sanguine about the American economy during the East... more
Analyst gloomy about casino price targets based on economic apprehension
Taking a pessimistic view of the market, Jefferies Equity Research analyst David Katz lowered his cash-flow and revenue projections for the... more
Uncertainties in Italy prompt analyst caution on IGT
A less-than-inevitable contract for the Italian lottery business helped prompt one analyst to shave a dollar off his price target for... more
Las Vegas Sands faces a “challenging” path, Deutsche Bank analyst says
“We see little reason for heroic forecasts at current valuation levels,” Deutsche Bank analyst Carlo Santarelli wrote of Las Vegas Sands,... more
Tariffs ‘present challenges’ to slot makers, Truist analyst says
Slot play has yet to slow down, according to ReelMetrics CEO Nick Hogan, and the industry still has growth opportunities. But talk of... more
March Madness lifts DraftKings past FanDuel
DraftKings overtook FanDuel for revenue for the first time in 15 months, as New York state sports betting operators reported March... more
Analyst expects more from Wynn in Las Vegas, less in Macau
Despite current economic adversity, Deutsche Bank analyst Carlo Santarelli placed a Buy rating on Wynn Resorts stock. He lopped his price... more
Accel hires Scott Levin as counsel
On April 7, Chicago-based Accel Entertainment tapped Scott Levin to be its new chief legal officer, effective immediately. Levin will also... more
