Core Viewpoint - Las Vegas Sands (LVS) shares have increased by approximately 9.5% since the last earnings report, outperforming the S&P 500, but there are concerns about whether this positive trend will continue leading up to the next earnings release [1] Estimates Movement - Estimates for Las Vegas Sands have trended downward over the past month, with the consensus estimate shifting down by 11.02% [2] VGM Scores - Las Vegas Sands currently holds a Growth Score of B, a Momentum Score of C, and a Value Score of B, placing it in the top 40% for the value investment strategy, resulting in an aggregate VGM Score of B [3] Outlook - The downward trend in estimates suggests a negative outlook for Las Vegas Sands, reflected in its Zacks Rank of 4 (Sell), indicating expectations of below-average returns in the coming months [4]

Group 1 - The article expresses a bullish outlook on Las Vegas Sands Corp. (NYSE: LVS) with a buy recommendation, highlighting its presence in high growth markets such as Macao and Singapore [1] - The financial performance of Las Vegas Sands is described as impressive, indicating a bright future for the company [1] Group 2 - The author has extensive experience in evaluating market trends and analyzing investment opportunities, which adds credibility to the analysis provided [1]

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Core Viewpoint - Wynn Resorts has decided to withdraw its bid for a casino license in New York, citing better uses for its capital and acknowledging persistent opposition in the rezoning process [1] Group 1: Company Actions - Wynn Resorts has surrendered to the inevitability of "years of persistent opposition" in the New York casino licensing process [1] - The company plans to redirect its capital towards stock buybacks and ongoing developments, including a casino resort in the UAE [6] - Las Vegas Sands has also abandoned its pursuit of a New York gaming license, citing competition from potential iGaming legalization [2] Group 2: Industry Context - The casino licensing process in New York is perceived as highly politicized and expensive, with delays affecting potential operators [4] - MGM Resorts and Resorts World are seen as frontrunners for two of the three licenses due to their existing gaming operations [4] - Other companies, such as Hard Rock International and Caesars, are actively pursuing casino developments in New York [5]

Core Viewpoint - The Wynn Resort-Related Companies partnership has withdrawn its proposal to build a $12 billion casino complex in Hudson Yards due to significant community opposition [1][2]. Group 1: Withdrawal Reasons - The decision to withdraw was influenced by "persistent opposition" from the community, leading the company to prioritize investments that are more beneficial to shareholders, such as existing developments and stock buybacks [2]. - The company expressed that the rezoning process indicated that investing in the casino would face years of opposition, despite the potential to employ 5,000 New Yorkers [2]. Group 2: Community and Legislative Opposition - The proposal faced opposition from local groups, including Friends of the High Line and Community Board 4, as well as state legislators representing the West Side of Manhattan [3][4]. - Assemblywoman Deborah Glick and Assemblyman Tony Simone publicly opposed the casino project, citing concerns about its proximity to the High Line and expressing philosophical objections [5][6]. Group 3: Future of Casino Licenses - The New York State Gaming Commission is expected to award up to three casino licenses in the New York City area by the end of the year, indicating ongoing developments in the local gaming industry [5].

Core Viewpoint - Canterbury Park Holding Corporation (CPHC) experienced a decline in financial performance for Q1 2025, with total net revenues falling by 6.8% year-over-year, primarily due to decreased Casino revenues and increased competition in the market [2][4][7]. Financial Performance - Total net revenues for Q1 2025 were $13.1 million, down from $14.1 million in Q1 2024, reflecting broad-based softness across key business segments [2]. - Casino revenues, the main income driver, decreased by 8.6% to $9.2 million [2]. - Pari-mutuel revenues fell by 8.2% to $1.08 million, while food and beverage revenues decreased by 5.9% to $1.62 million [3]. - Other revenues increased by 9.3% to $1.25 million, driven by higher admission revenues from large-scale special events [3]. Profitability Metrics - Net income turned to a loss of $299,000, or 6 cents per diluted share, compared to a profit of $998,000, or 20 cents per diluted share, in the prior-year period [4]. - Adjusted EBITDA fell by 39.6% to $1.94 million from $3.21 million a year earlier [4]. - EBITDA, excluding interest, tax, depreciation, and amortization, dropped sharply to $8,000 from over $1.76 million in the prior-year quarter, indicating significant margin pressure [5]. Operating Expenses - Operating expenses increased by 1.3% year-over-year to $12.5 million, driven by higher payroll expenses and increased property taxes and marketing expenses [6]. - Cost pressures were exacerbated by annual wage increases and state-mandated minimum wage hikes [6]. Management Insights - CEO Randy Sampson noted increased competition in the Casino segment as a primary factor for revenue decline and emphasized the need for a stronger marketing strategy [7]. - The company is investing in long-term projects, including the Canterbury Commons development, which is expected to drive future economic value [8]. Revenue Influences - The decline in Casino revenues was attributed to reduced wagering activity and a lower average collection rate due to competitive pressures [9]. - Pari-mutuel revenues were impacted by fewer race days at other tracks, affecting simulcast betting volume [10]. Future Outlook - Management expressed confidence in future performance driven by event-driven revenue expansion, operational efficiencies, and ongoing real estate development [12]. - The company anticipates benefits from tax increment financing receivables and the completion of its barn relocation initiative by mid-2025 [12]. Development Initiatives - The Canterbury Commons real estate development is progressing, with Phase II of the Triple Crown Residences 95% leased and new commercial spaces opening [13][14]. - A new 16,000-square-foot entertainment venue is set to open in June 2025, and additional development land has been unlocked for future projects [15].

Core Viewpoint - The earnings season for casino stocks has been generally positive, with companies like MGM Resorts and Las Vegas Sands performing well, while Bally's Corp has struggled, missing revenue targets for the sixth consecutive quarter but surprising with a profit [1][3]. Company Performance - Bally's reported revenue of $580.4 million, down 5.1% year-over-year, with 78% of this revenue coming from its casino business, which also saw a decline of 4.2% year-over-year [5]. - Despite missing revenue targets, Bally's achieved a profit of 58 cents per share, contrasting with analysts' expectations of a loss of 76 cents per share [3]. - The stock price of Bally's has only decreased by 2% following the earnings report, indicating some resilience in the face of volatility [4]. Market Context - The consumer discretionary sector is under scrutiny as investors assess the state of consumer spending, particularly in entertainment and gambling for 2024 and beyond [2]. - Bally's is expanding its omnichannel business, holding online sports betting licenses in 13 jurisdictions and growing its international presence through its Interactive International division [6]. Growth Strategy - Bally's is optimistic about its growth through acquisition strategy, having completed transactions that could add nearly 50% to its topline in the current year [7]. - The company has not held an earnings call for the third consecutive quarter, which has left analysts to interpret results without additional commentary [13]. Analyst Sentiment - Analysts have maintained a cautious stance on Bally's, with Barclays lowering its price target from $14 to $13 while keeping an Equal Weight rating [14]. - Bally's is not currently favored among top-rated analysts, who suggest alternative stocks for investment [15].

Core Viewpoint - Full House Resorts, Inc. has appointed Joshua Le Duff as Senior Vice President and Chief Marketing Officer, pending customary gaming approvals [1] Group 1: Appointment Details - Joshua Le Duff has extensive marketing experience in the casino industry, previously serving as Vice President of Marketing at Pala Casino Spa Golf Resort, where he led revenue growth and improved marketing returns [2] - Le Duff has held leadership positions at Isle of Capri Casinos, supporting brand and database growth prior to its acquisition by Eldorado Resorts [2] Group 2: Compensation Structure - The Compensation Committee approved a grant of 29,940 restricted shares as an inducement equity award to Le Duff, with one-third vesting on each of May 12 for the years 2026, 2027, and 2028 [3] - The award was granted outside of the Company's 2015 Equity Incentive Plan and complies with Nasdaq Listing Rule 5635(c)(4) [3] Group 3: Company Overview - Full House Resorts owns, leases, develops, and operates gaming facilities across the United States, including properties in Illinois, Mississippi, Colorado, Indiana, and Nevada [5]

Core Insights - Topgolf Callaway Brands Corp. (MODG) reported first-quarter 2025 results with earnings and revenues exceeding the Zacks Consensus Estimate, although total revenues declined year over year by 4.5% [1][4] - The company is divesting its Jack Wolfskin business to focus on core operations, improve resource allocation, and strengthen its balance sheet and liquidity [2] - Management remains optimistic about maintaining full-year revenue and adjusted EBITDA guidance, supported by a strong start to the year and favorable currency trends [3] Financial Performance - Adjusted earnings per share (EPS) for Q1 2025 was 11 cents, surpassing the Zacks Consensus Estimate of 4 cents, compared to 8 cents in the prior-year quarter [4] - Total revenues reached $1.09 billion, beating the consensus estimate by 3.1% [4] - Adjusted net income for the quarter was $20.3 million, up from $14.4 million in the prior-year quarter [8] Segment Performance - **Topgolf Segment**: Revenues were $393.7 million, down 6.8% from $422.8 million year-over-year, with an operating loss of $11.9 million compared to an income of $2.9 million in the prior-year quarter [5] - **Golf Equipment Segment**: Revenues were $443.7 million, a slight decline of 0.3% from $449.9 million year-over-year, with operating income increasing to $101.6 million from $82.1 million [6] - **Active Lifestyle Segment**: Revenues were $254.9 million, down 4.7% from $271.5 million year-over-year, attributed to the downsizing of the Jack Wolfskin business, though partially offset by growth in China [7] Cost Management and Outlook - Total costs and expenses for Q1 2025 were $1.03 billion, down from $1.08 billion in the prior-year period [8] - For Q2 2025, the company expects revenues between $1.075 billion and $1.115 billion, with adjusted EBITDA projected between $139 million and $159 million [11] - For the full year 2025, revenues are anticipated to be in the range of $4 billion to $4.19 billion, with Topgolf revenues expected between $1.68 billion and $1.79 billion [12]

沃特福德，爱尔兰, May 13, 2025 (GLOBE NEWSWIRE) -- OneTwenty Group 旗下机构、全球领先的线上赌场评测中心 Minimum Deposit Casinos (MDC) 发布了一份全新报告，深入剖析了美国抽奖类游戏监管环境日益严格的趋势。 纽约州、路易斯安那州和蒙大拿州的立法者近期采取的行动表明，各州正协同推动取缔或限制这些替代性线上赌博模式。 在纽约州，由 Joseph Addabbo 参议员提出的《参议院第 5935 号法案》已在立法程序中取得进展，该法案针对的是抽奖类平台的运营和供应。 该法案专门针对使用两种数字货币的平台（其中一种可兑换实物奖品）——这一模式目前正受到州监管机构的审查。 与此同时，路易斯安那州也采取了类似的强硬立场，由 Adam Bass 参议员主导的《参议院第 181 号法案》正在推进。 该法案旨在全面禁止所有仿照赌场或体育博彩体验的抽奖类游戏形式，包括此类服务的推广与运营。 该法案已在州参议院获得全票通过，目前正由众议院审议。 如果《参议院第 555 号法案》签署成为法律，蒙大拿州或将成为全美首个实施全面禁令的州。 该法案已获参众两院通 ...