According to a Wall Street analyst, Caesars Entertainment will show a better hold than its peers on the Las Vegas Strip when it releases results next Tuesday. Unlike it’s competitors, however, Caesars will come in below consensus.Deutsche Bank’s Carlo Santatelli advised investors not to get carried
Bank of America Securities’ analyst Shaun Kelley released a note to investors, indicating that when fourth-quarter earnings reports for Las Vegas Strip casinos trickle out over the next 45 days, they “may end up less bad than expected.”Nevada will release gaming revenue numbers for December on Janua
M&A Activity Is on the Table for DraftKings in 2025, Deutsche Bank SaysDeutsche Bank analyst Carlo Santarelli has suggested that mergers and acquisitions would be a likely strategy for American betting powerhouse DraftKings in 2025. This comes amid suboptimal Wall Street projections for the comp
Macau mass-market gaming-revenue share will likely be the biggest element to the 2025 story for Las Vegas Sands, according to Deutsche Bank. The report recommended a Buy rating, citing potential development opportunities in New York, Texas, and Thailand."In 1977, Reggie Jackson referred to himself a
Deutsche Bank has issued a Buy rating for Red Rock Resorts, bullish on the operator’s development pipeline and management of the North Fork casino project in northern California. Deutsche Bank has a $62 price target for the stock that traded in the mid-$40s to close 2024.In a note to investors, anal
Penn Entertainment and its embattled ESPN Bet subsidiary received boosts from J.P. Morgan analyst Joseph Greff in a December 12 investor note. He raised his rating on Penn stock from Neutral to Overweight. Greff also ratcheted his price target up from $19 per share to $27 each.Greff admitted at the
Investors in Macau-facing casino companies received some good news November 18. Jefferies Equity Research analyst David Katz reported that the Chinese enclave’s economic outlook is improving this month and that its casino industry is expected to reach 82 percent of pre-COVID business levels.Higher d
Based on third-quarter earnings commentary from Strip operators, Wall Street analysts have been preaching caution for Las Vegas for the rest of the year and starting 2025.The Nevada Gaming Control Board reported last week that Strip gaming revenues fell for the third consecutive month compared to la
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