Group 1 - MGM Resorts International operates casino resorts and provides gaming, hotels, dining, entertainment, and retail experiences [2] - The company also offers online sports betting and iGaming services [2] Group 2 - Jim Cramer expressed a lack of enthusiasm for MGM stock, suggesting that investors might find better opportunities in WYNN, which is currently down due to weak Golden Week data [1] - Cramer believes WYNN is a high-quality company that is likely to rebound, indicating a potential investment opportunity [1]

Group 1 - DraftKings Inc. (NASDAQ:DKNG) is involved in online sports betting, fantasy sports, iGaming, and retail sportsbook services [2] - Jim Cramer suggested adding a small position in DraftKings and advised waiting for the upcoming report before making further decisions [1] - Cramer highlighted concerns regarding the legality of prediction markets and the potential regulatory impact on online sportsbooks [1] Group 2 - There is a belief that certain AI stocks may offer greater upside potential and carry less downside risk compared to DraftKings [2] - The article mentions the potential benefits of AI stocks from Trump-era tariffs and the onshoring trend [2]

Key Points MGM and Caesars are the two largest casino operators on the Las Vegas Strip, but these companies aren’t twins. For risk-tolerant investors, Caesars could be a play on declining interest rates and possible corporate transactions. MGM could entice long-term investors as it offers the superior expansion roster. 10 stocks we like better than MGM Resorts International › MGM Resorts International (NYSE: MGM) and Caesars Entertainment (NASDAQ: CZR) are the giants of the Las Vegas of the Strip, ...

Core Insights - DraftKings Inc. (NASDAQ:DKNG) is viewed positively by analysts, with a recommendation to add to positions due to its strong performance and leadership [1] - The company reported a revenue growth of 37% and better-than-expected earnings, driven by favorable outcomes in its sportsbook operations [1] - DraftKings is expected to see revenue near the high end of its guidance range, which has positively impacted its stock price in after-hours trading [1] Company Overview - DraftKings provides digital sports entertainment and gaming services, including online sports betting, daily fantasy contests, iGaming, and retail sportsbooks [1] - The company also develops betting and casino software and operates a digital collectibles marketplace featuring curated NFTs [1] Financial Performance - The company reported impressive quarterly results, with revenue growth accelerating to 37% [1] - Earnings before interest, taxes, depreciation, and amortization exceeded expectations, contributing to a positive outlook for the company [1] - Management reiterated its full-year forecast, indicating confidence in future performance [1]

Core Insights - The company reported a strong performance in H1 2025, with Adjusted EBITDA growth of 15.8% and revenue growth of 6.1% to €2,211 million, indicating solid operational momentum across its business segments [8][10][57]. Financial Highlights - Revenue increased by 6.1% to €2,211 million in H1 2025, with Adjusted EBITDA rising by 15.8% to €424 million, resulting in an EBITDA margin improvement of 160 basis points to 19.2% compared to H1 2024 [8][57]. - Adjusted net income reached €206 million, reflecting an 8.1% increase year-on-year, while net income surged by 177% to €110 million [8][60]. - The company maintained a stable leverage ratio of 2.9x, with a cash position of €371 million at the end of H1 2025 [8][66][67]. Business Segment Performance - Content production and distribution saw a revenue increase of 3.0% to €1,426 million, driven by a strong lineup of show deliveries and good live experiences [8][42]. - Online sports betting and gaming revenue grew by 12.3% to €785 million, supported by a 25% increase in Unique Active Players, driven by effective player acquisition strategies [8][54][53]. - Live experiences revenue rose by 15.4% to €173 million, bolstered by major sports ceremonies and the successful rollout of immersive experiences [8][50][51]. Strategic Developments - The company confirmed its 2025 guidance, expecting mid-single digit organic revenue growth in content production and live experiences, and mid-teens growth in online sports betting and gaming [7][9][33]. - The appointment of Isabelle Seillier as an Independent Board member and Vice Chairman is expected to enhance governance and strategic oversight [6][19]. Market Position and Outlook - The company aims to capitalize on its strong market position by leveraging synergies across its business segments and pursuing bolt-on acquisitions to enhance its service offerings [17][18]. - The ongoing consolidation in the entertainment sector presents opportunities for growth, with a focus on building an unrivaled content powerhouse [14][17].

Financial Performance - Codere Online's Q2 2025 Net Gaming Revenue (NGR) reached €54.8 million, a 1% increase compared to Q2 2024, but a 12% increase at constant FX [28] - The company achieved a positive Adjusted EBITDA of €2.3 million in Q2 2025 [28] - Spain's NGR increased by 1% in Q2 2025, reaching €22.1 million [33, 48] - Mexico's NGR increased by 3% in Q2 2025 to €29 million, but increased 23% at constant currency [33, 55] Key Performance Indicators - Average Monthly Actives were approximately 155,000 in Q2 2025, a 7% increase compared to Q2 2024 [28] - The Average Monthly Spend per Active was €118, a 5% decrease compared to Q2 2024 [28] - Codere Online had approximately 277,000 new customer registrations with 78,000 First Time Deposits (FTDs) in Q2 2025, resulting in a 28% Conversion Rate [28] - The Cost per Acquisition (CPA) was €218 in Q2 2025 [28] Outlook - Codere Online projects a 2025 Net Gaming Revenue (NGR) between €220 million and €230 million [78] - The company anticipates an Adjusted EBITDA between €10 million and €15 million for 2025 [78]

Core Insights - Codere Online reported a net gaming revenue of €54.8 million for Q2 2025, a slight increase of 1% compared to Q2 2024, with a 12% increase in constant currency terms [4] - The company experienced a net loss of €3.1 million in H1 2025, compared to a net loss of €0.2 million in H1 2024, primarily due to adverse exchange rate impacts [4][10] - The company maintains its net gaming revenue outlook for 2025 at €220-230 million and an Adjusted EBITDA outlook of €10-15 million [4][10] Financial Performance - Total revenue for Q2 2025 was €51.4 million, with net gaming revenue at €54.8 million, reflecting a 1% increase year-over-year [4][7] - In Mexico, net gaming revenue grew by 3% to €29.0 million in Q2 2025, with a 23% increase in local currency terms [4][7] - The average monthly active players increased by 7% to 155.1 thousand in Q2 2025 compared to the previous year [2] Market Dynamics - The company faced challenges in various markets but managed to grow its active customer base in Mexico by 36% compared to Q2 2024 [4] - The total cash position as of June 30, 2025, was €45.2 million, indicating a stable liquidity position [4] - The company has repurchased $0.7 million of its shares under a $5.0 million share buyback plan, which is set to expire on March 3, 2026 [9]

Financial Data and Key Metrics Changes - The company reported record revenue of $269 million, representing a 22% year-over-year increase [14] - Adjusted EBITDA grew 88% year-over-year, reaching a record $40.2 million, indicating strong profitability flow-through from revenue growth [6][16] - Gross margin improved to approximately 35.3%, up about 80 basis points year-over-year, reflecting ongoing revenue diversification [15] Business Line Data and Key Metrics Changes - Online casino revenue grew 25% year-over-year, while online sports betting revenue increased by 15% [7] - Monthly Active Users (MAUs) in North America grew by over 30%, with a notable increase in iCasino markets [8] - In Latin America, MAUs grew over 40% year-over-year, with Mexico showing over 125% growth [9][11] Market Data and Key Metrics Changes - Michigan's revenue grew 42% year-over-year, West Virginia grew 47%, and Delaware grew 74% [10] - Ontario in Canada saw a 25% growth year-over-year, the fastest since 2023 [11] - Colombia's Gross Gaming Revenue (GGR) increased over 70% year-over-year, although net revenue was flat due to higher bonusing [11] Company Strategy and Development Direction - The company is focusing on expanding its presence in Alberta and has launched multi-state poker with shared player pooling [12] - The strategy emphasizes markets where the full suite of gaming offerings can be deployed to maximize player value [8] - The company is optimistic about future growth despite headwinds from increased taxes in the U.S. and Colombia, raising full-year revenue and EBITDA guidance [13][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's positive momentum, which outweighs tax-related headwinds [13] - The company anticipates continued player engagement and growth in markets, particularly in Colombia post-VAT tax [39] - Management highlighted the importance of maintaining a strong cash position to invest in new market opportunities [30] Other Important Information - The company remains debt-free with cash reserves of $241 million as of the quarter-end [17] - A deferred tax asset of approximately $145 million was recognized, reflecting expected future tax benefits [19] Q&A Session Summary Question: What are the assumptions regarding taxes in the guidance? - The company has included the impacts of higher state taxes in Illinois and New Jersey in its guidance, along with the temporary VAT tax in Colombia [23] Question: What is the growth outlook for Mexico? - Mexico is expected to become one of the largest markets in Latin America due to its population size and the company's early success compared to Colombia [25][27] Question: How is cash being utilized, and are there plans for M&A? - The company is focused on investing in new markets, particularly iCasino, while being opportunistic with share repurchases [30][32] Question: What is the outlook for Colombia post-VAT tax? - Management expects an increase in revenue and player engagement once the VAT tax is lifted, with a significant uplift in margins and free cash flow anticipated [39] Question: How does the company view the prediction markets? - The company is monitoring the situation closely, believing that increased prediction markets could accelerate the legalization of iCasino, which is a priority [58] Question: What is the strategy for Live Dealer offerings? - The company is focusing on enhancing the Live Dealer experience by offering a diverse range of games and exclusive content [70][72] Question: What is the outlook for G&A expenses? - G&A expenses are expected to rise sequentially, but the company aims to maintain leverage over this line item [75]

Core Insights - Codere Online strengthens its partnership with Club de Futbol Monterrey by becoming the main sponsor of Rayadas, a prominent women's team in Liga MX Femenil [1][5] - The Codere Online logo debuted on the Rayadas match-day jersey on July 13, 2025, during the Apertura 25 tournament [2] - The partnership aims to enhance the visibility of women's football in Mexico through various campaigns and fan experiences [4] Company Overview - Codere Online operates as a leading online gaming operator in Spain and Latin America, offering online sports betting and casino services [8] - The company has a strong presence in core markets including Spain, Mexico, Colombia, Panama, and Buenos Aires, Argentina [8] - Codere Group, the parent company, has over four decades of experience in the entertainment and leisure industry, operating in seven countries across Europe and Latin America [9] Sponsorship Details - The sponsorship includes branding on the Rayadas jersey and participation in key matches, such as the "Campeón de Campeonas" trophy [2][5] - Codere Online's commitment to women's sports is highlighted by its previous partnership with the men's team, Rayados, and its ongoing support for Rayadas [5][6] - The collaboration reflects shared values of equity and excellence, aiming to promote the growth of women's football [4][6]

Core Viewpoint - Codere Online Luxembourg, S.A. is set to release its second quarter 2025 results on July 31, 2025, at 8:30 AM US Eastern Time, followed by a conference call for discussion and business updates [1]. Company Overview - Codere Online operates as a leading online gaming operator in Spain and Latin America, offering online sports betting and casino services through its advanced website and mobile applications [3]. - The company is part of the Codere Group, which has a strong presence in the private gaming industry with operations in seven countries across Europe and Latin America [4]. - Codere Online was launched in 2014 and has established a significant omnichannel gaming presence, supported by the physical operations of Codere Group in Latin America [3][4]. Upcoming Events - The earnings press release and related materials will be available on Codere Online's website, and details for the conference call will also be accessible there [2]. - A recording of the conference call will be made available after the event [2].