Churchill Downs analyst initiation
My Old Kentucky Home: Macquarie have initiated coverage of Churchill Downs with an outperform rating, citing the iconic status of the Kentucky Derby (c25% of company EBITDA generated in a…
MGM hammers home igaming message
MGM Resorts International fireside chat Something got a hold of my heart: MGM Resorts International’s CEO Bill Hornbuckle and CFO Jonathan Halkyard took their places in the fireside chat hot…
Aristocrat home on the range
The top line Revenue for the six months to March fell 1% to A$2.23bn but on a constant currency basis it rose 11%. EBITDA rose 6% to A$750.3m with EBITDA…
Street hits like on DK’s social plans
DraftKings Analysts: Deutsche Bank, Macquarie, Credit Suisse, Truist Securities, Jefferies Extending losses: Deutsche Bank (hold) suggested the marginally worse than expected EBITDA losses performance in Q1 has led expectations for…
Penn’s Snowden: Bring the chaos
Penn National Gaming The top line Revenue down 6% compared with Q119 at $1.27bn, adjusted EBITDAR up 7% on Q119 at $447m. Adjusted EBITDAR margins up by 434bps. Northeast segment…