For in-depth and deep dive research on the casino and gmaing sector, subscribe to The House Edge . New: Free excerpts from our book in progress "The Smartest ever Guide to Gaming Stocks" - free to existing members and new subscribers.Since the legalization of gambling in Atlantic City in 1976, New York legislators have been battered by criticism for not acting to bring casinos to a metropolitan area of 18 million residents. In 2022, lawmakers responded (46 years later) byHoward Jay Klein has 30 years of exp ...

Genting Group’s plan to sell the hotel at its Resorts World Catskills casino to a government development corporation has been put on hold until early January, again delaying a $561 million municipal bond sale https://t.co/7nQ2Jsroo1 ...

Bally’s is in a standoff with its lenders, a battle that could have consequences for the junk-rated casino operator and Chicago’s underfunded pension plans https://t.co/xK79tGvCcs ...

Casino Billionaire Lim Kok Thay Seeks To Take Genting Malaysia Private In $1.6 Billion Deal https://t.co/Z5HxC1UXid ...

Economic Indicators - China's September exports rose by +8.3% year-on-year, exceeding expectations of +6.6% and marking the largest increase in six months [1] - September imports in China increased by +6.4% year-on-year, surpassing expectations of +1.8% and representing the largest rise in 17 months [1] Market Reactions - Stock indexes experienced a sharp rise on Monday, recovering some losses from the previous Friday's plunge, driven by a softening of the Trump administration's rhetoric towards China [5][6] - The S&P 500 Index closed up +1.56%, the Dow Jones Industrials Index rose by +1.29%, and the Nasdaq 100 Index increased by +2.18% [6] Corporate Earnings - More than 22% of S&P 500 companies provided guidance for Q3 earnings that are expected to exceed analysts' expectations, the highest in a year [10] - Q3 profits are projected to rise by +7.2%, the smallest increase in two years, while sales growth is expected to slow to +5.9% from 6.4% in Q2 [10] Sector Performance - Chipmakers and AI infrastructure stocks rallied, with Broadcom's shares jumping over +9% following a multi-year agreement with OpenAI [5][15] - Rare earth stocks surged due to tensions between China and the US, with Critical Metals closing up more than +53% [17] - Mining stocks also increased as gold prices rose more than +3% to an all-time high, benefiting companies like Coeur Mining and Newmont [18] Upcoming Events - The market will focus on trade or tariff news and attempts to reopen the government, with major banks set to release Q3 earnings results [9]

Core Insights - The outlook for Vail Resorts, Inc. (NYSE: MTN) is bearish due to widespread labor shortages in key positions such as lift crews [1] Group 1: Company Overview - Vail Resorts, Inc. is facing challenges related to labor shortages which may impact its operations and financial performance [1] Group 2: Industry Context - The casino and gaming sector is experiencing significant labor shortages, which could affect various companies within the industry [1]

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 a group focused on actionable research for investing in the casino, online betting, and entertainment industries [2] Group 1 - The House Edge offers free excerpts from an upcoming book titled "The Smartest ever Guide to Gaming Stocks" for both existing members and new subscribers [1] - Howard Jay Klein's extensive background includes significant roles at major casinos such as Ballys, Trump Taj Mahal, Mohegan Sun, and Caesars Palace, showcasing his expertise in the industry [2] - Klein's investment strategy is centered around value investing, utilizing management quality as a key factor in his investment decisions [2] Group 2 - The article does not provide any specific financial data or performance metrics related to the companies mentioned [3][4]

Core Insights - Gaming and Leisure Properties, Inc. (GLPI) has partnered with Bally's Corporation to develop an integrated casino resort in Chicago's River West neighborhood, featuring a 178,000 square-foot casino, a 500-room luxury hotel, and various entertainment options, with a total investment of $1.19 billion [1][8] - The project is expected to open in the fourth quarter of 2026, enhancing the local community and providing long-term value to GLPI's shareholders [1][8] Completed Project Milestones - Demolition of the Chicago Tribune buildings has been completed - Caissons have been inserted, and trench excavation is finished - A concrete pad has been connected to the hotel core, and a waterproofing membrane has been installed - Structural elements such as caisson caps and grade beams have been installed to support vertical construction - Crane 1 for steel erection has been assembled, with ongoing concrete pours for various foundational elements [6][12] Current Activities - Continued vertical construction of the hotel and casino is ongoing - Regular steel deliveries and erection activities for the casino structure are in progress - Installation of underground electrical and plumbing work is being conducted, along with inspections and backfilling around completed areas [6][12] Upcoming Activities - The project will continue with the fabrication of the hotel curtainwall system for both the hotel and casino - Further vertical construction activities are planned, including the preparation for additional column pours [12] About Gaming and Leisure Properties - GLPI focuses on acquiring, financing, and owning real estate properties to lease to gaming operators under triple-net lease arrangements, where tenants are responsible for all maintenance, insurance, taxes, and utilities [8] About Bally's Corporation - Bally's Corporation operates 15 casinos across 10 states and has a growing omni-channel presence, including online gaming and sports betting platforms - The company employs approximately 10,600 people and manages around 15,300 slot machines and 580 table games [9][10]

Group 1 - The article discusses the momentum of a specific online betting operation that went public in 2020 at a price of $9, highlighting its performance compared to peers and the price targets set by analysts [1] - 11 out of 12 analysts have provided price targets for the stock, indicating a generally positive outlook for the company [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 [1] Group 2 - The article emphasizes the importance of management quality in informing investment ideas, as highlighted by Howard Jay Klein's value investing approach [1] - Klein's extensive intelligence network spans various levels within the US gambling and entertainment sectors, providing valuable insights for investment decisions [1]

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 Overview - The casino and gaming sector is characterized by significant operational complexities and competitive dynamics, necessitating expert analysis for informed investment decisions [1]. - The sector includes various segments such as traditional casinos, online betting, and entertainment industries, each with unique investment opportunities [2]. Group 2: Expert Analysis - Howard Jay Klein, with 30 years of experience in major casino operations, leads an investment group focused on actionable research in the gaming industry, leveraging his extensive network for insights [2]. - Klein's investment philosophy is centered on value investing, prioritizing management quality as a key factor in evaluating potential investments [2].