J.P. Morgan increased its December 2025 price target of Wynn Resorts stock to $117 after the operator reported stronger than anticipated fourth-quarter results.The stock, which closed at $90.76 on Friday, got praised by the Wall Street firm, which noted that property-level EBITDAR was 11% higher tha
J.P. Morgan has raised its fourth-quarter adjusted earnings’ estimate for Penn Entertainment on the back of a stronger-than-expected showing for regional gaming operators, but suggested cold and snow are likely to impact the start of 2025.Analyst Joseph Greff released a note to investors citing stat
Handle at retail and online sportsbooks in Arizona leapt 22 percent in October versus October 2023. Winnings by those same books, however, were down three percent. Those numbers were reported January 8 by J.P. Morgan analyst Joseph Greff.Arizona books saw wagering in the amount of $791 million. But
In a January 2 investor note, J.P. Morgan analyst Joseph Greff recalibrated his fourth-quarter estimates for DraftKings’s performance. The review was prompted by a string of unfavorable sports scores, as “favorites, multi-game parlays, and other bets heavily backed by the public won at a (much) high
JPMorgan Chase has exited its position as a shareholder in Australia’s Star Entertainment, according to an exchange filing from the casino operator on Monday.The investment bank previously held a 5.09% stake in Star, representing a significant portion of the company’s voting power, as disclosed in a
Penn Entertainment and its embattled ESPN Bet subsidiary received boosts from J.P. Morgan analyst Joseph Greff in a December 12 investor note. He raised his rating on Penn stock from Neutral to Overweight. Greff also ratcheted his price target up from $19 per share to $27 each.Greff admitted at the
Touted tax rises in the UK market have been described as ‘excessive and detrimental’ by JP Morgan analysts.The recent tax proposals come from two think tanks, the Institute for Public Policy Research (IPPR) and the Social Market Foundation, both backed by prevalent Labour donor Dereck Webb.Nonethele
JPMorgan Acquires Stake in Australia’s Star EntertainmentJPMorgan Chase & Co. has bought a big chunk of Star Entertainment Group, an Australian casino company that is having money troubles.JPMorgan Buys 5.47% of Star Entertainment as Casino Operator Battles Regulatory ScrutinyA new report shows
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