BUZZ-Jefferies forecasts growth for casino sector, changes PTs of major cos

Reuters

Jan 03, 2025

** Brokerage expects high demand and limited supply for casinos in Las Vegas during 2025-26

** Jefferies expects recent economic stimulus by the Chinese government to help the gross gaming revenue in Macau return to 2019 levels by 2026

** Last year in Sept., China's central bank unveiled its most aggressive stimulus since the pandemic

** Brokerage upgrades Las Vegas Sands and Boyd Gaming Corp to "buy" from "hold" and downgrades Red Rock Resorts to "hold"

** Jefferies says "regional markets should remain choppy on increasing competition and economic unevenness"

** Brokerage cuts PTs of Caesars Entertainment to $43, MGM Resorts International to $50 and Wynn Resorts Ltd to $105

** It raises PTs of Penn Entertainment to $22 and Golden Entertainment to $32

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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major cos\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-01-03 22:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>** Brokerage expects high demand and limited supply for casinos in Las Vegas during 2025-26</p><p>   ** Jefferies expects recent economic stimulus by the Chinese government to help the gross gaming revenue in Macau return to 2019 levels by 2026</p><p>   ** Last year in Sept., China's central bank unveiled its most aggressive stimulus since the pandemic</p><p>   ** Brokerage upgrades Las Vegas Sands    and Boyd Gaming Corp    to \"buy\" from \"hold\" and downgrades <a href=\"https://laohu8.com/S/RRR\">Red Rock Resorts</a>    to \"hold\" </p><p>   ** Jefferies says \"regional markets should remain choppy on increasing competition and economic unevenness\"</p><p>   ** Brokerage cuts PTs of Caesars Entertainment    to $43, MGM Resorts International    to $50 and Wynn Resorts Ltd    to $105</p><p>   ** It raises PTs of Penn Entertainment    to $22 and Golden Entertainment    to $32 </p><p> (Reporting by Rupali Chaudhary in Bengaluru)</p><p>((Rupali.Chaudhary@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4566","symbol_name":"资本集团","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2500115211","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2500115211","pubTimestamp":1735914562,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, 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pandemic   ** Brokerage upgrades Las Vegas Sands    and Boyd Gaming Corp    to \"buy\" from \"hold\" and downgrades Red Rock Resorts    to \"hold\"    ** Jefferies says \"regional markets should remain choppy on increasing competition and economic unevenness\"   ** Brokerage cuts PTs of Caesars Entertainment    to $43, MGM Resorts International    to $50 and Wynn Resorts Ltd    to $105   ** It raises PTs of Penn Entertainment    to $22 and Golden Entertainment    to $32  (Reporting by Rupali Chaudhary in Bengaluru)((Rupali.Chaudhary@thomsonreuters.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}