Analysts revise Gambling.com forecasts as GLPI receives proposed notes rating
Analysts issued updated views on Gambling.com, Bally’s and Penn Entertainment, while Fitch Ratings assigned a BBB- rating to proposed senior unsecured notes from GLP Capital, a Gaming and Leisure Properties subsidiary. The analysts cited lower EBITDA estimates for Gambling.com, Bally’s second-quarter results and Penn’s Joliet property; Fitch said it expects GLPI leverage to remain at or below 5.5x through the cycle.
The coverage records revised company outlooks and a credit rating relevant to investors assessing the named businesses.