Gaming corporations lauded forward of third-quarter earnings — CDC Gaming

J.P. Morgan analysts praised Wynn Resorts, Station Casinos, and Rush Street Interactive forward of third-quarter earnings calls. Las Vegas Sands was additionally singled out for its “positive view of Singapore.”

Price targets had been raised for Wynn, which led with $13 (to $136 per share). Sands gained $4 to $60 per share, whereas Boyd Gaming was upped $2 to a purpose of $89 apiece. Also gaining was Rush Street, up $2 to $18 per share.

Losers had been Caesars Entertainment, moved down $1 to $43 per share, Churchill Downs, downgraded $2 to $128 apiece, and MGM Resorts International, shaved by $2 to $41.

“We remain measured on LV Strip operators, given soft leisure demand for fly-to destinations,” analysts cautioned. They added that any excellent news could be met with swift upward motion of inventory costs.

The inventory boffins predicted that Wynn would predominate in Macau and Sands would have a potent quarter in Singapore. Regional-casino efficiency was described as steady, with the exception that Station would most likely exhibit the best and most sustainable development of all.

“Underlying digital trends appear solid, but offset by unfavorable Sept. NFL hold, while investor focus will likely remain on prediction markets,” the report mentioned, turning to on-line playing. It opined that Rush Street was a powerful performer and that igaming was largely insulated from prediction-market incursions.

“Stocks seem beaten down,” analysts wrote of the web sphere, noting sharp declivities since Labor Day in DraftKings (down 28 %), Sportradar (off 15 %) and Rush Street (minus 11 %), in an total constructive inventory market. The authors allowed, “It’s hard for investors to fight the negative prediction market-related news flow (especially into year-end), while unfavorable September OSB hold (well-understood) will likely limit upside to estimates.”

Even so, they predicted as a lot as a 17 % improve in deal with for sports activities betting within the third quarter and a 12.5 % increase to igaming deal with. Also, igaming income was predicted to soar 30 %, laying the groundwork for a beat-and-raise state of affairs at Rush Street.

As far as DraftKings is anxious, “expectations are low,” administration not having reacted to J.P. Morgan’s prediction of lower than $145 million in third-quarter money movement. Sportradar was considered according to expectations.

Trends in regional playing and native Las Vegas casinos had been mentioned to be constant, with second-quarter power manifesting within the third quarter as properly. In Las Vegas, slot play was mentioned to be monitoring 5 % greater. Analysts added, “We expect the key focus to be on consumer health, high-end vs. low-end, and the promotional environment.”

Morgan stock-graders described expectations for the Las Vegas Strip as “justifiably low.” They mentioned the main target would as an alternative be on the fourth quarter and 2026. Key components to look at had been enumerated as administration adjustments, leisure demand, and group-business pacing.

“We think 3Q25 will be characterized by weak non-gaming trends,” analysts predicted. Gambling tendencies, they thought, could be considerably improved, save for baccarat, characterised by steep maintain percentages.