Virginia HHR revenue jumps in August

Virginia HHR revenue jumps in August Summary J.P. Morgan analyst Daniel Politzer reports Virginia historical horse racing (HHR) revenue rose notably in August. Same-store HHR winnings increased about 10% year‑on‑year, while figures that include Churchill Downs’s new The Rose and the recently closed Little Rose show a 36% jump versus August 2024. Overall statewide HHR […]

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Wall Street Bets: Prediction markets, Las Vegas Strip, Light & Wonder, Caesars

Wall Street Bets: Prediction markets, Las Vegas Strip, Light & Wonder, Caesars Summary This roundup captures recent analyst notes across the gambling sector. JP Morgan and Jefferies weigh in on the growing debate over prediction markets and the legal/regulatory noise around Kalshi. Truist reports a soft Las Vegas summer with signs of modest improvement heading […]

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Analyst points to strong Vegas weekend from boxing match and November improvement for tourism

Analyst points to strong Vegas weekend from boxing match and November improvement for tourism Summary Wall Street analyst Barry Jonas of Truist Securities flags a mixed picture for Las Vegas tourism: continued summer softness through October but an early sign that November could show modest improvement. Jonas points to shorter booking windows and a busy […]

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Tribal executives discuss limited cashless gaming adoptions to date

Tribal executives discuss limited cashless gaming adoptions to date Summary Two tribal gaming executives — Colton Barlow of Viejas Casino & Resort and Lon O’Donnell of Grand Casinos Minnesota — discussed why cashless gaming has seen limited uptake across Indian Country. Presenting at TribalNet in Reno, they outlined practical hurdles: regulatory uncertainty, operational changes, customer […]

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Evoke taps ex-Virgin Media O2 exec as chief strategy officer

Evoke taps ex-Virgin Media O2 exec as chief strategy officer Summary Evoke has appointed Siddharth Dixit as chief strategy and transformation officer and as a member of the group’s executive committee. He will report to CEO Per Widerström and lead corporate strategy, mergers & acquisitions and business development across Evoke’s portfolio, including William Hill, 888 […]

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