Susquehanna lowered its estimates on gaming stocks due to the lack of a clear sign of stabilization in Macau as two-year trends continue to deteriorate. The firm also cited the latest releases on visitation in Las Vegas. Susquehanna lowered its price target on Las Vegas Sands (LVS) to $58 from $63, on Wynn Resorts (WYNN) to $83 from $100 and on MGM Resorts (MGM) to $25 from $27 per share.
Welcome to the latest edition of "Bet On It," where The Fly looks at news and activity in the sports betting and iGaming space. SECTOR RECAP: Nevada reported... To see the rest of the story go to thefly.com. See Story Here
Nevada reports February Las Vegas Strip gaming win up 12.4% to $800.75M versus last year. Publicly traded companies in the gambling space include Boyd Gaming (BYD), Caesars (CZR), Churchill Downs (CHDN), DraftKings (DKNG), Flutter Entertainment (FLUT), Gan Limited (GAN), Genius Sports (GENI), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn Entertainment (PENN), Rush Street Interactive (RSI), Sportradar (SRAD) and Wynn Resorts (WYNN).