Core Viewpoint - Boyd Gaming Corporation has entered into a definitive agreement to sell its 5% equity interest in FanDuel Group to Flutter Entertainment for cash consideration of $1.755 billion, which is expected to unlock significant unrealized value for Boyd shareholders [1][2][3] Group 1: Transaction Details - The transaction is anticipated to close in the third quarter of 2025, pending regulatory approvals [2] - Boyd plans to utilize the net proceeds from the sale to reduce its debt [2] - The revised market-access agreements with FanDuel will extend through 2038 and will provide Boyd with a fixed fee per state from FanDuel's mobile sports-betting operations in several states [3][4] Group 2: Financial Impact - Boyd's Online segment is projected to generate operating income and Adjusted EBITDAR of $50 million to $55 million for the full year 2025, and approximately $30 million in 2026 [4] - The partnership with FanDuel has been described as a remarkable success, with FanDuel being a leader in online sports betting, allowing Boyd to profitably participate in the sector's growth [5] Group 3: Advisory and Legal Support - Moelis & Company LLC acted as the exclusive financial advisor to Boyd Gaming for the transaction, while Morrison & Foerster LLP provided legal advice [5]

Core Insights - The article emphasizes the importance of in-depth research in the casino and gaming sector, highlighting the availability of resources for investors [1] Group 1: Industry Overview - The casino and gaming sector is characterized by significant operational complexities and investment opportunities, necessitating specialized research and insights [1] - The House Edge provides actionable research for investing in the casino, online betting, and entertainment industries, indicating a focus on value investment strategies [2] Group 2: Expert Background - Howard Jay Klein, with 30 years of experience in major casino operations, leads The House Edge and utilizes management quality as a key factor in investment decisions [2] - Klein's extensive intelligence network spans various levels within the US gambling and entertainment sectors, enhancing the depth of research and insights provided [2]

Bally’s is selling its interactive casino division to Intralot in a deal that values the business at €2.7 billion (US $3.2 billion) https://t.co/i64FmkKcYE ...

Core Insights - The article emphasizes the importance of in-depth research in the casino and gaming sector, highlighting the value of subscribing to specialized resources for actionable insights [1] Group 1: Industry Expertise - Howard Jay Klein brings 30 years of experience in major casino operations, having worked with notable establishments such as Ballys, Trump Taj Mahal, Mohegan Sun, and Caesars Palace [2] - Klein focuses on value investing, utilizing management quality as a key factor in shaping investment ideas [2] - The House Edge, led by Klein, provides actionable research for investments in the casino, online betting, and entertainment industries, supported by an extensive intelligence network across the US gambling sector [2]

REIT Performance Overview - The REIT sector experienced a significant decline in April 2025, with an average total return of -6.45%, underperforming the broader market indices such as the Dow Jones Industrial Average (-3.1%), S&P 500 (-0.7%), and NASDAQ (+0.9%) [1] - Year-to-date, the average total return for REITs stands at -9.10%, which is worse than the -7.65% return for the same period in 2024 [12] Performance by Market Capitalization - Microcap REITs underperformed larger peers for the sixth consecutive month, with returns of -8.87% [3] - Large-cap REITs (-2.93%) outperformed mid-caps (-5.45%) and small caps (-8.69%) in April, with large-cap REITs outperforming small caps by 1081 basis points in the first four months of 2025 [3] Property Type Performance - Only 11.11% of REIT property types averaged a positive total return in April, with a 20.17% spread between the best (Data Centers +7.28%) and worst-performing property types (Timber -12.90%) [5][6] - Year-to-date, Office REITs (-24.06%) and Hotel REITs (-22.90%) significantly underperformed, while Health Care (+7.23%), Infrastructure (+6.88%), and Casinos (+6.00%) were the only property types with positive returns [7] Price/FFO Multiples - The average P/FFO for the REIT sector decreased from 13.9x to 13.4x in April, with 83.3% of property types experiencing multiple contraction [8] - Data Centers (26.9x), Multifamily (24.6x), and Infrastructure (18.7x) currently trade at the highest average multiples among REIT property types, while Hotels (5.9x) and Offices (8.2x) have the lowest [9] Individual REIT Performance - Digital Realty Trust (DLR) achieved a strong gain of +12.04% in April, despite a year-to-date return of -8.72% [11] - Wheeler REIT (WHLR) was the worst-performing REIT in April, with a staggering decline of -63.61% for the month and -98.29% year-to-date [11] Dividend Yield Insights - The high dividend yields of the REIT sector are a primary reason for investment, with many REITs trading below their NAV, resulting in attractive yields [15]

Core Insights - The article emphasizes the importance of in-depth research in the casino and gaming sector, highlighting the availability of resources for investors [1] - Howard Jay Klein, with 30 years of experience in major casino operations, leads an investing group focused on actionable research in the casino, online betting, and entertainment industries [2] Group 1 - The House Edge offers free excerpts from their upcoming book "The Smartest ever Guide to Gaming Stocks" for both existing members and new subscribers [1] - Howard Jay Klein's extensive background includes significant roles in major casinos such as Ballys, Trump Taj Mahal, Mohegan Sun, and Caesars Palace, showcasing his expertise in the industry [2] - The investing group led by Klein utilizes management quality as a key factor in informing investment ideas, indicating a value investment approach [2]

Cashless Funding Capability Integrated Throughout Gaming Footprint; Represents Everi's First Mobile Wallet Installation in NevadaLAS VEGAS, May 5, 2025 /PRNewswire/ -- Everi Holdings Inc. (NYSE: EVRI) ("Everi" or the "Company"), a premier provider of land-based and digital casino gaming content and products, financial technology, player loyalty solutions, and bingo, today announced the Company's digital CashClub Wallet® technology is powering Penn Entertainment, Inc.'s ("PENN") "PENN Wallet" at M Resort Spa ...

Core Insights - Nike reported quarterly earnings of $0.54 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, but down from $0.98 per share a year ago, representing an earnings surprise of 92.86% [1] - The company generated revenues of $11.27 billion for the quarter ended February 2025, surpassing the Zacks Consensus Estimate by 2.13%, but down from $12.43 billion year-over-year [2] - Nike has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] Earnings Performance - The earnings surprise of 92.86% indicates strong performance relative to expectations, with a previous quarter's earnings of $0.78 per share also exceeding estimates [1][2] - The current consensus EPS estimate for the upcoming quarter is $0.27, with projected revenues of $11.17 billion, while the estimate for the current fiscal year is $2.06 on revenues of $46.24 billion [7] Market Position and Outlook - Nike shares have declined approximately 3.5% since the beginning of the year, mirroring the S&P 500's decline of -3.5% [3] - The company's Zacks Rank is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] - The Shoes and Retail Apparel industry, to which Nike belongs, is currently ranked in the bottom 9% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Core Insights - The House Edge is recognized as a unique marketplace service in the casino, gaming, and online sports betting sectors, providing superior returns through in-depth research and industry insights [1][2] Company Insights - Howard Jay Klein, with 30 years of experience in major casino operations, leads The House Edge and focuses on value investing by assessing management quality [2] - Klein's background includes significant roles at Ballys, Trump Taj Mahal, Mohegan Sun, and Caesars Palace, contributing to his extensive knowledge of the industry [2] Industry Insights - The House Edge leverages a vast intelligence network across the US gambling and entertainment sectors, including insights from various levels of employees and management [2]

Group 1 - The House Edge is recognized as a unique marketplace service in the casino, gaming, and online sports betting sectors, providing superior returns compared to standard analyst guidance [1][2] - Howard Jay Klein, with 30 years of experience in major casino operations, leads The House Edge and focuses on actionable research for investments in the casino and entertainment industries [2] - The intelligence network of The House Edge spans various levels within the US gambling and entertainment sectors, enhancing the quality of insights and investment ideas [2] Group 2 - The article emphasizes the importance of management quality in informing investment strategies, highlighting a value investment approach [2]