Cherry AB has appointed Moelis and Jefferies to explore a sale of ComeOn Gaming, reportedly as part of a wider reorganisation. Sources cited in the report put the potential sale price at about €500m, based on projected 2024 EBITDA of €60m; no completed sale was reported.
Cherry AB’s exploratory sale process could alter ComeOn Gaming’s ownership, though no transaction has been completed.
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Jefferies analyst Kai Erman said SciPlay’s performance is an investor concern for Light & Wonder, while expecting the unit to be no greater an impediment in 2027 than in 2026. Erman considered 6% revenue growth for SciPlay optimistic against Light & Wonder’s expectation that it would grow more slowly than the wider market, and said a turnaround could take up to a year.
The pace of gambling revenue growth and the drag from Light & Wonder's SciPlay social-casino unit were investor concerns, according to Jefferies Equity Research analyst Kai Erman. He acknowledged uncertainty around SciPlay but thought it unlikely to pose more of an impediment in 2027 than in 2026.
Prediction markets recorded average daily trading volume of $4.13bn in October, up 55% from September, according to figures attributed to Jefferies analyst Daniel Fannon. Open interest rose 45% to $3.27bn, while sports contracts accounted for 78% of total volume. Polymarket's average daily volume reached $655m, up 50% month on month.
Codere’s investment-fund owners are reportedly considering a sale of the group’s main business units separately, while seeking a buyer for the whole company remains the priority. The report says approaches for individual markets have prompted consideration of the alternative, and any potential Cirsa bid would now depend on Lottomatica following Cirsa’s integration agreement with the Italian group.
Analysts discussed Churchill Downs, Boyd Gaming and wider gaming-sector prospects in notes dated 20, 23 and 25 October. David Katz estimated Churchill Downs’ Visa sponsorship of the Kentucky Derby at $3m-$8m, while David Bain said he expected Boyd Gaming’s company-wide EBITDA to be flat year on year in Q4 2026.
Jefferies analyst David Katz said casino investors should focus on operating efficiency, highlighting earnings per room at Las Vegas Strip operators. Wynn Resorts is expected to generate $180,000 in room-level EBITDA this year, compared with estimated figures of $83,000 for Caesars Entertainment and $77,000 for MGM Resorts International.