Analysts flag prediction markets and consumer trends ahead of US gaming earnings
J.P. Morgan and Bank of America analysts said first-quarter results will reflect weaker consumer sentiment and pressure on digital gaming from prediction markets. Bank of America reported gaming stocks down 6% for the year, with US operators up 1%, Macau operators down 14% and digital and online gaming stocks down 36%.
Operators’ results may show whether prediction markets and softer consumer conditions are weighing on digital gaming and casino performance.