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
Deutsche Bank has upgraded its outlook for Wynn Resorts, raising the company’s price target to $118, a significant increase from its current trading range of $88–$90. The bullish stance reflects confidence in Wynn’s geographic expansion opportunities, operational strategies, and anticipated capital
Deutsche Bank has issued a bullish outlook for Wynn Resorts stock in 2025 with a price target about $30 higher from where it’s trading at year end. The new year could set the stage for future value coming from Texas, New York, and Thailand.Wynn, which has been trading between $88 and $90, has a pric
Deutsche Bank, in a note to investors, looked beyond the challenged first quarter of 2025, which is hindered by the “optically reasonable” comparison to last year’s Super Bowl in Las Vegas. Deutsche Bank analyst Carlo Santarelli sees a few elements that will drive investor confidence.They start with
MGM Resorts International is expected to rely heavily on its online gambling platform BetMGM to drive growth in 2025, according to a recent note from Deutsche Bank. Analyst Carlo Santarelli highlighted a shift in investment focus toward digital operations as MGM's brick-and-mortar casino business fa
The nation’s sportsbooks are happy October is behind them as a plethora of NFL favorites covering the point spread took a toll on revenue.In a note to investors, Deutsche Bank analyst Carlo Santarelli said their subset of sportsbook gaming revenue fell 9% year-over-year as handle comparisons stiffen
Gaming and Leisure Properties(NASDAQ:GLPI) received a boost on Wednesday after Deutsche Bank upgraded the casino-focused real estate investment trust (REIT) from “Hold” to “Buy,” citing a robust pipeline, favorable valuation metrics, and a well-positioned balance sheet. The investment bank also rais
The American Gambling Awards have announced Deutsche Bank and Macquarie Capital as co-winners of the Dealmaker of the Year award for their joint role as lead financial advisors on the sale of International Game Technology’s (IGT) Gaming and Digital Business to Apollo Funds. "This recognition highlig
Deutsche Bank has lowered its forecast for Golden Entertainment ahead of its Nov. 7 earnings release, but maintains a Buy rating on the “rising probability” that it sells a casino resort real estate in a leaseback opportunity. It didn’t name a potential property, but the Strat on the Las Vegas Strip
Analyst Hints at Potential Golden Entertainment Casino Sale-LeasebackOn Wednesday, the American gaming company that operates gaming properties, slot routes and taverns, Golden Entertainment, confirmed that its third quarter 2024 financial results are going to be released after market close on Novemb
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