Boyd Gaming’s half-owned Borgata property increased its share of the beleaguered Atlantic City market to a record 20 percent in September, though analysts expect its dominance to be tempered by the openings of Revel Atlantic City and Genting Malaysia’s Resorts World New York.
A bookmakers’ shop tour held by Bank of America/Merrill Lynch with key management at William Hill and Ladbrokes earlier this week prompted the analyst team to praise the “well-underpinned” structural growth story of the UK retail gaming machines segment.
Penn National Gaming last week reported flat same store revenue growth for the third quarter, though a “shaving” of expenses helped the US regional casino operator post year-on-year EBITDA margin improvements at 14 of its 15 properties.
A note published by Numis Securities on Monday reports that weekly betting volumes at Betfair have grown by an average 14 percent in the firm’s second-quarter-to-date, reflecting “particularly strong” activity in soccer markets.
Wynn Resorts on Wednesday reported solid third quarter growth in both of its operating divisions, though a quarter-on-quarter decline in key metrics in Macau attracted the concern of analysts.
Analysts at Daniel Stewart have estimated that, following the sale of its Turkish language business to GVC Holdings, online gambling operator Sportingbet could be set to generate around 70 percent of its gaming revenues from regulated markets.
Ahead of William Hill’s third quarter trading update to be released next week, analysts at Deutsche Bank have downgraded their recommendation on the firm’s shares to ‘Hold’ from ‘Buy’, citing a strong recent share price performance.
In a recent note on Singapore’s casino duopoly, analysts at RHB have reported that the second-quarter shift in gaming market share towards Las Vegas Sands’ Marina Bay Sands has continued into the third quarter.
Hampered by a huge year-on-year drop-off in baccarat play, Las Vegas Strip gaming revenues fell 8.7 percent in August to $496.9m, while average room rates and total visitation grew for the eighteenth consecutive month.
According to figures released by the Illinois Gaming Board, casino revenues in the Prairie State grew 19 percent in September to $130.4m, though this growth stood at minus 8.5 percent when excluding the recently opened Rivers Casino in Des Plaines, Chicago.