2024.07.19
soaring eagle casino entertainment hallCredit Suisse analyst Cameron McKnight isn’t so gung-ho on Las Vegas gambling revenue, but he does likes the growth potential of entities that own Sin City’s land and physical real estate. A new study concludes that the expansion of regulated sports betting across the United States will increase fan engagement, grow younger demographics’ interest in pro and college events, and hurt illegal underground gambling rings. Nielsen Sports says the NFL, MLB, NBA, and NHL will all benefit from sports betting taking place in more states than just Nevada. river spirit casino midlandMGM Growth Properties, MGM’s REIT, tried to make a move to acquire VICI before it went public. Nielsen Sports says the NFL, MLB, NBA, and NHL will all benefit from sports betting taking place in more states than just Nevada. With regulated sportsbooks coming to numerous states, more individuals in the 18- to 34-year-old demo are predicted to jump at the chance to place a legal wager.“Expanding access to legal sports betting will bring millennial audiences back to sports broadcasts and stadiums, which is a huge benefit for sport enterprises acrosencore casino layouts the country,” AGA Senior VP of Public Affairs Sara Slane declared.The Supreme Court of the United States (SCOTUS) struck down the federal sports betting ban in May. sycuan casino ufc fight online blackjack new yorkcasino guitarsGoldman Sachs did the same with MGM, as did Jeffries Financial with Wynn.Investors and financial services firms will stand idle waiting for more summer data out of Sin City.Earlier this month, UNLV’s Center for Gaming Research Director David Schwartz explained, “There are fears that Las Vegas has finally pushed its luck too far. Ongoing concerns in Las Vegas and Macau have pulled back the stocks after optimism flushed the sector following the US federal sports betting repeal in May.Analysts agree with McKnighencore casino layoutt. That comes as a bit if a surprise considering the recent Wall Street selloff after several casino operators missed second quarter projections, and CEOs warned shareholders that Las Vegas is seeing a slight softening in demand in the months ahead.In REITs Analyst TrustsCasino real estate investment trusts, or REITs, are stocks where McKniencore casino layoutght feels investors will be well served. 88 fortunestm free casino slot machine games(Image: Fabrice Coffrini/Getty/Benjamin Hager/Casino.org)After poaching gaming analyst Cameron McKnight away from Wells Fargo, the Swiss financial services company unveiled recommendations on nine casino and gaming industry stocks on Tuesday.McKnight sees much growth potential for AGS, an innovative slot and table games manufacturer. Credit Suisse, one of the world’s most important multinational financial services firms, is once again issuing guidance on the gaming industry. The regional casino operator has properties scattered across the US, lessening its dependency on Las Vegas.The emergence of sports betting to new states has been said to most benefit operators like Penn National, and the company and GLP are expected to further expand their operating and ownership portfolio.VICI Properties, the Caesars REIT that held its initial public offering earlier this year, is another real estate trust McKnight favors. harrah s casino in cherokee north carolina poker cash game kings casinozz top hard rock casinoThat comes as a bit if a surprise considering the recent Wall Street selloff after several casino operators missed second quarter projections, and CEOs warned shareholders that Las Vegas is seeing a slight softening in demand in the months ahead.In REITs Analyst TrustsCasino real estate investment trusts, or REITs, are stocks where McKniencore casino layoutght feels investors will be well served. Goldman Sachs did the same with MGM, as did Jeffries Financial with Wynn.Investors and financial services firms will stand idle waiting for more summer data out of Sin City.Earlier this month, UNLV’s Center for Gaming Research Director David Schwartz explained, “There are fears that Las Vegas has finally pushed its luck too far. The regional casino operator has properties scattered across the US, lessening its dependency on Las Vegas.The emergence of sports betting to new states has been said to most benefit operators like Penn National, and the company and GLP are expected to further expand their operating and ownership portfolio.VICI Properties, the Caesars REIT that held its initial public offering earlier this year, is another real estate trust McKnight favors. Credit Suisse analyst Cameron McKnight isn’t so gung-ho on Las Vegas gambling revenue, but he does likes the growth potential of entities that own Sin City’s land and physical real estate. Headquartered in Las Vegas with offices in several states plus Mexico, Israel, and Australia, the Credit Suisse analyst says AGS is benefitting from casinos updating their floors with new terminals and technology.Of McKnight’s nine gaming stocks that he issued guidance on, only one, gaming manufacturer Scientific Games, garnered a negative “under-perform” label. A new study concludes that the expansion of regulated sports betting across the United States will increase fan engagement, grow younger demographics’ interest in pro and college events, and hurt illegal underground gambling rings. foxwoods online promo code coins resorts casino queens robbery |