B Riley Securities analyst David Bain maintained a neutral rating on PlayAGS and a $12.50 price target, reportedly. He raised his 2024 and 2025 EBITDA estimates to $176.6m and $185.5m, respectively, and cited the pending sale to Brightstar Capital Partners, which AGS shareholders approved on 7 August.
The revised estimates and pending sale provide investors with updated analyst views on PlayAGS’ outlook.
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Accel Entertainment completed its acquisition of Fairmount Holdings in December for $35 million in Accel A-1 shares, according to the report. The purchase includes FanDuel Sportsbook & Horseracing, Illinois betting assets and the opportunity to develop a casino; Deutsche Bank analyst Carlo Santarelli said further acquisitions could remain a priority.
Novomatic executive Stefan Krenn outlined the company's pending acquisition of Ainsworth Game Technology to the Nevada Gaming Control Board, which recommended him as suitable for Novomatic's executive board. Krenn said the deal, structured as a scheme arrangement, still required Australian regulatory clearance and a vote by minority shareholders. He expected the shareholder outcome to be known by the end of August.
Analysts issued views on Genius Sports, Churchill Downs, Rush Street and Gaming and Leisure Properties, according to the report. One analyst said Macau’s October gross gaming revenue fell 10% year on year, while another noted a proposed 19% value-added tax on online gaming deposits in Colombia that still requires legislative approval.
Texas Capital analyst David Bain lowered Full House Resorts’ rating to “hold” from “buy”, according to a report, and cut his price target to $1 from $3.50. Bain cited uncertainty over debt restructuring and financing for the planned American Place casino; he forecast third-quarter EBITDA of $14.1 million, below the $15.8 million consensus estimate.
Analysts discussed Churchill Downs, Boyd Gaming and wider gaming-sector prospects in notes dated 20, 23 and 25 October. David Katz estimated Churchill Downs’ Visa sponsorship of the Kentucky Derby at $3m-$8m, while David Bain said he expected Boyd Gaming’s company-wide EBITDA to be flat year on year in Q4 2026.