Analysts reviewed gaming markets in notes dated 29 June to 2 July, according to the report. New York online sports betting gross gaming revenue for the week ending 28 June 2026 was reported up 86% year on year, while handle rose 47%; the notes also covered Las Vegas Strip and regional casino performance.
Reported New York betting growth and casino performance provide market indicators for operators and investors.
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Analysts at J.P. Morgan and Jefferies discussed investor interest in gaming stocks, while Macquarie reviewed BetMGM’s third-quarter update, according to the report. Macquarie cited BetMGM net revenue of $710 million, up 7% year over year, and EBITDA of $86 million, more than double the prior-year figure. BetMGM reiterated its FY26 guidance, including revenue of $2.9bn-$3.1bn and EBITDA of $300m-$350m.
Reportedly, Macquarie lowered its price targets on DraftKings to $34 from $38 and on Flutter Entertainment to $128 from $150 ahead of third-quarter earnings. Analyst Chad Beynon kept a positive overall view of the sports betting sector, forecasting 6% growth in online sports betting gross gaming revenue and 18% growth in iGaming.
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.
Red Rock Resorts reported a third-quarter loss of 17 cents per share and revenue of $488.7 million, while analysts had expected earnings of 44 cents per share on $478 million in sales. Analysts cited the company’s Las Vegas locals business and investment plans in their assessments; Red Rock raised its 2026 capital spending outlook to $550 million-$575 million.
Station Casinos celebrated the opening of North Fork Mono Casino in California’s Central Valley this week, reportedly. The development is described as both $750 million and $725 million; the source gives no explanation for the discrepancy. The casino has more than 2,400 slot machines, 40 table games, eight dining venues and four bars.