B. Riley Securities has lowered its score for Golden Entertainment, Inc. slightly while still maintaining a “buy” rating. The new outlook led to an immediate slump in the gambling company’s share price. As mentioned, B. Riley reduced its estimates on the company, lowering CY24E EBITDA by 4% and CY25E EBITDA by 5%. Analyst David Bain maintained a buy rating for Golden Entertainment with a new price target of $40 (previously $44). The B. Riley analyst justified its new score with the record-breaking summer in Las Vegas. The intense heat, for context, affected Golden Entertainment’s business, causing its stock to decrease by approximately 3.2% over the past three months. The company has so far reported a year-to-date loss of almost 25.5%. Read the full article ➡ https://lnkd.in/eq-h-aRB #business #gambling #gamblingnews #casino #usa #finance
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Only put off until tomorrow what you are willing to die having left undone 💪 Expectations are high for Golden Entertainment's (GDEN) Q3 earnings as the company continues to make strides in the entertainment industry. 📈 With its diverse portfolio of gaming and resort properties, Golden Entertainment has positioned itself as a major player in the market. Investors eagerly await the release of the financial results to gauge the company's performance and gain insights into its growth trajectory. Inspirational tone with a CTA: Don't miss out on the opportunity to invest in a thriving sector! Act now to capitalize on Golden Entertainment's Q3 earnings and secure your financial future. 💼💰 The expected positive results could unlock potential investment opportunities for those looking to grow their Health Savings Account (HSA) funds. By investing in companies at the forefront of healthcare and wellness, investors can align their financial goals with their personal well-being. 💡💪 Stay ahead of the curve by diversifying your HSA investments and incorporating healthcare-related stocks, such as Golden Entertainment, into your portfolio. Maximize the potential returns while also supporting the industry that impacts our health and the well-being of our loved ones. 🌟🚀 #hsa #investing #healthcare #health #family #wellness
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The business landscape is abuzz with the latest news on Star Entertainment Group Ltd, with speculations of a potential takeover 🎲 Amid a trading halt, investors and industry experts alike are watching closely as rumors suggest acquisition interests from major players, such as Hard Rock Hotels and Casinos. 🏨 🎰📈 With shares last priced at a mere 45 cents, the unfolding story could mark a pivotal moment in the company's trajectory. Will this be Star Entertainment's narrative of rescue and revival, or a forced compromise at rock-bottom valuations? As the market holds its breath, we'll keep our eyes peeled for how the Star plays its hand in what could be a transformative period for the Australian casino operator. Read more about the potential shifts in Star’s strategic direction and what it could mean for shareholders: 👉 https://lnkd.in/gN-CTNtF #StarEntertainmentGroup #Takeover #BusinessNews #AustralianCasinos #Investment #Shareholders #CorporateStrategy #TradingHalt #MarketWatch #CasinoIndustry #HardRockHotels
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📈 Star Entertainment Group Limited (ASX: SGR) Breaks Losing Streak with a 7.1% Rebound! 🎰 Star Entertainment Group Limited has just ended a five-day downturn, with shares climbing 7.1% to $0.225, at the time of writing. This bounce-back comes after a period of heavy selling by Perpetual, which recently divested 129.7 million shares at a discounted 20 cents each, totaling approximately $26 million. Despite the initial pressure from this large sell-off, investor interest appears to be reigniting. The discounted entry points have created renewed optimism, especially as Star Entertainment maneuvers through regulatory and financial challenges. With the market now watching closely, there’s cautious hope that the company’s strategies and future leadership will stabilize operations and restore investor confidence. Can Star Entertainment sustain this positive momentum? Only time will tell, but today's rebound is certainly a step in the right direction. 🚀 https://lnkd.in/gn5YVSKC #StarEntertainmentGroup #ASX #StockMarketUpdate #Investors #CasinoIndustry #MarketRebound
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$PENN - Shares of Penn Entertainment spike +6% after Reuters reports that Boyd Gaming Corp (-1.30%) has approached Penn about an acquisition. U.S. casino operator Boyd Gaming has expressed interest in acquiring Penn Entertainment, which is valued at over $9 billion, including debt, according to sources familiar with the matter. If successful, this merger would be the largest in the U.S. gambling industry since Eldorado Resorts acquired Caesars Entertainment for $17.3 billion in 2020. Despite being the smaller company with a market value of $7.8 billion, Boyd would require significant financial resources to finalize the deal. Additionally, the acquisition would need approval from regulators and officials in multiple states where both companies operate. Penn shares had bounced off of multi-year lows on May 31st after "activist" Donerail Group wrote a shareholder letter to Penn's board outlining their plans for a management change, etc., which could lead to the sale of the company in the $27 to $30 range. We pointed out that is was doubtful Donerail owned a significant position, their detailed letter seems to have sparked M&A interest in the casino & online gambling company. Currently trading at $19.75 on today's M&A pop, Penn Entertainment shares ticked as high as $142 intraday in March 2021 at the height of the pandemic, meme-stock bubble aided by Penn's since terminated investment in Barstool Sports.
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Star Entertainment Group Limited (ASX: SGR) Breaks Losing Streak with a 7.1% Rebound! 🎰 Star Entertainment Group Limited has just ended a five-day downturn, with shares climbing 7.1% to $0.225, at the time of writing. This bounce-back comes after a period of heavy selling by Perpetual, which recently divested 129.7 million shares at a discounted 20 cents each, totaling approximately $26 million. Despite the initial pressure from this large sell-off, investor interest appears to be reigniting. The discounted entry points have created renewed optimism, especially as Star Entertainment maneuvers through regulatory and financial challenges. With the market now watching closely, there’s cautious hope that the company’s strategies and future leadership will stabilize operations and restore investor confidence. Can Star Entertainment sustain this positive momentum? Only time will tell, but today's rebound is certainly a step in the right direction. 🚀 https://lnkd.in/gn5YVSKC hashtag #StarEntertainmentGroup hashtag #ASX hashtag #StockMarketUpdate hashtag #Investors hashtag #CasinoIndustry hashtag #MarketRebound
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PENN) versus other casino operator stocks - https://lnkd.in/d3sMNuRg -Q1 Winners and Losers: PENN Entertainment (NASDAQ:PENN) vs. Other Casino Operator StocksLooking back at the first-quarter earnings of casino operator stocks, we examine the best and worst performers this quarter, including PENN Entertainment (NASDAQ:PENN) and its peers.Casino operators enjoy limited competition because gambling is a highly regulated industry. These companies
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PENN) versus other casino operator stocks - https://lnkd.in/dctBiXh5 -Q1 Winners and Losers: PENN Entertainment (NASDAQ:PENN) vs. Other Casino Operator StocksLooking back at the first-quarter earnings of casino operator stocks, we examine the best and worst performers this quarter, including PENN Entertainment (NASDAQ:PENN) and its peers.Casino operators enjoy limited competition because gambling is a highly regulated industry. These companies
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Today we announce preliminary unaudited results for the year ended December 31, 2024, with revenue expected at not less than EUR 102 million, a 9% increase on FY 2023 revenue, and Adjusted EBITDA of not less than EUR 15.4 million, an increase of 1% over the previous year. Our guidance issued for the current year ending December 31, 2025 anticipates revenue to reach between EUR 117.5 million and EUR 123.0 million in 2025, representing double digit growth compared to our anticipated 2024 revenue, while Adjusted EBITDA in 2025 is forecasted to range between EUR 19.0 million and EUR 21.5 million, supported by a shift toward higher-margin product offerings. Matevz Mazij, Chief Executive Officer of Bragg, commented “I am pleased with where we believe 2024 results will land and very excited about the strong growth trajectory outlined in our 2025 guidance. Our strategic investments in proprietary and exclusive content as well as various Data, Player journey and AI enhanced engagement features, are expected to drive our growth in 2025. By focusing on margin-accretive products, we are well-positioned to boost both revenue and profitability while pursuing opportunities in key markets such as Brazil and the United States. Our PAM product remains a top-tier performer, and while our 2025 growth will largely come from the content side of the business, we have exciting prospects to expand our PAM offering. Additionally, I’m particularly proud of the strong executive team that we have assembled at Bragg this past year. The recently announced Caesars deal highlights their impressive capabilities." Robbie Bressler, CPA, CA - Giles Potter - Neill Whyte - Garrick Morris - Matej Nemec - Peter Lavric - Tommaso Di Chio - Doug Fallon - Simon Dudnjik
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🎲 Star Entertainment (ASX: SGR) Tackles Challenges Amid Revenue Decline The Star Entertainment Group Limited (ASX: SGR) is navigating a tough phase under CEO Steve McCann, reporting an unaudited EBITDA loss of $27M in the first four months of FY24. Regulatory changes, such as mandatory playing cards and lower pokie cash limits, combined with weak consumer sentiment, have significantly impacted revenue. To secure a vital $150M capital tranche, Star is restructuring its leadership strategy, empowering property-level teams in Brisbane, Gold Coast, and Sydney, under state-based boards. 📈 At the time of writing, Star’s shares rose 7.1% to 22.5¢, showing a glimmer of investor confidence. McCann reassured shareholders, urging patience as the company works to transform its business. 🔗 Read more about Star’s strategy here: https://lnkd.in/gzhTXvNT #StarEntertainment #ASX #Leadership #InvestorUpdates
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📉 Challenges for The Star Entertainment Group Limited (ASX: SGR) At the time of writing, The Star Entertainment Group has seen a sharp 13.46% drop in its share price, adding to recent losses. 💼 The Sydney and Gold Coast casino operator faces mounting financial pressure, with lenders warning of possible voluntary administration if a lifeline deal isn’t secured soon. The market is closely watching The Star's next moves in this challenging period. #Finance #ASX #MarketUpdate * Click here to subscribe for free 7-day access to our daily market insights and analysis: https://lnkd.in/gzhTXvNT
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