Group 1: Industry Performance - The gaming industry showed significant divergence in the latest Q2 results, with 8 companies exceeding expectations, 2 meeting expectations, and 2 falling short [1] - Strong performance from Wynn Resorts highlighted its strength in the high-end market despite overall weakness in the Las Vegas Strip [1] - Local consumer performance in Las Vegas was notably strong, and changes in the "Big Beautiful Act" positively impacted free cash flow [1] Group 2: Company-Specific Insights - Bank of America reiterated a "Buy" rating for Wynn Resorts with a target price of $125, expecting Q3 EBITDA in Macau to be $272 million, slightly above market expectations [1] - Penn Entertainment's full-year EBITDA guidance was lowered from $400 million to $200 million, reflecting a cautious outlook for market share in the second half [2] - Sportradar reported Q2 revenues/EBITDA of €318 million/€64 million, slightly above Bank of America's expectations, and raised its full-year guidance [2]