CBRE analyst John DeCree lowered his price target for MGM from $48 to $45 and for Caesars from $40 to $33, citing weaker Las Vegas results and more conservative estimates. September Strip gross gaming revenue fell 5.5% year on year to $687.8m, while visitation declined 9%.
The revised targets and falling Strip revenue provide investors with updated assessments of two listed casino operators.
The day’s most important stories, free. One email a day.
Truist Securities analyst Barry Jonas lowered his price targets for gambling stocks in an investor note dated 23 April 2025. He favoured companies with stable cash flow, including Vici Properties and Gaming & Leisure Properties, and retained Buy ratings on Caesars Entertainment and MGM Resorts International. Jonas also cited risks for online betting, including weaker handle, possible state tax increases and prediction markets.
Analysts at Jefferies Equity Research and J.P. Morgan assessed January weather’s effect on North American land-based casinos. Jefferies analyst David Katz estimated that visits at 65% of normal would mean a 3.1% revenue decline, rising to 5.7% in areas hardest hit; J.P. Morgan analyst Daniel Politzer said visits fell 5.4% but forecast winnings growth of 2%.
Red Rock Resorts increased the planned budget for its Durango casino expansion to $430 million from $385 million, the company said alongside its third-quarter results. The project is expected to open in Q3 2027, and management maintained a targeted 20% return on investment.
Sahara began allowing customers to exchange cryptocurrency for casino chips or tickets in October, according to the report. BurraPay deployed its platform after the Nevada Gaming Control Board approved its system earlier in 2026; Sahara is described as the first Las Vegas Strip property to offer the option.
A newly manufactured Sigma Derby machine is scheduled to debut at Four Queens in Las Vegas next year, reportedly. The machine was developed by Next Gaming, Highbrow Gaming and VSR Industries, and will include ticket-in, ticket-out functionality, bill acceptance and a display of previous winning horses.