Which Casino Stocks Are Your Best Bets?

Which Casino Stocks Are Your Best Bets?

Wells Fargo analysts warn of a slowdown in the gaming industry. They expect management teams will have little material evidence to flag just yet.

Caesars Entertainment, MGM Resorts and Wynn Resort could see upside from the Las Vegas Strip. Las Las Vitesse Sands and MGM will post losses on their Macau operations. The growth of regional gaming revenue has started to decelerate.

The analysts cut their price targets for Boyd Gaming, Caesars, Penn National Gaming and Red Rock Resorts.

Analysts' top picks are Boyd and Caesars. They expect Boyd to keep a conservative balance sheet with 2.5 to 3 times net leverage.

According to Mr. Cawthon, Casino Stocks are the best bets because of their low valuation and 18% yield.

There are three casino stocks that are good bets for investors.

A Las Vegas Strip asset sale could reduce leverage by 0.5 times.

CasinoBeats CasinoBeats 15 days
@casinobeatsnews

The ' @tae15adams has become MGM Resorts International's first active @NFL athlete brand ambassador.

Focus Gaming News Focus Gaming News 9 days
@FocusGamingNews

#WynnResorts to work with Related Companies for #Manhattancasino bid Wynn Resorts is partnering with the real estate company to bid for one of three downstate New York casino licences.

#WynnResorts to work with Related Companies for #Manhattancasino bid

Wynn Resorts is partnering with the real estate company to bid for one of three downstate New York casino licences.
Golden Casino News Golden Casino News 17 days
@GoldenCasinoNws

IAC Acquires Shares of MGM Resorts International For $41.7M

IAC Acquires Shares of MGM Resorts International For $41.7M