Analysts assess Penn, New Jersey betting and Macau gaming
Analysts discussed Penn Entertainment, New Jersey sports betting and Macau gaming in notes dated 14–17 June. In New Jersey, May sports betting revenue fell 4% year on year to $78.8 million on $839 million in handle, while a Jefferies analyst estimated Macau gaming revenue at MOP533 million per day for the six days ending 16 June.
The reported New Jersey revenue decline and Macau estimate provide market indicators for operators and investors.