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Fitch assigns AGS first-time B+ issuer rating as analysts review gambling sector

Business

Fitch Ratings assigned Bingo Holdings, also known as PlayAGS or AGS, a first-time B+ Issuer Default Rating on 4 June, according to a roundup of analyst notes. Fitch also assigned a BB- rating with an RR3 recovery rating to the company’s proposed first-lien senior secured debt. The roundup included analyst views on VICI, GLPI, New York online sports betting, Boyd Gaming and Sportradar.

The ratings and analyst assessments provide investors with updates on supplier credit risk and gambling-sector performance.

End-of-day close VICI Properties (VICI), USD, to 24 July 2025
Story date25 April 202524 July 2025

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Latest reported results

Vici Properties NYSE: VICI

Quarter ended 30 September 2026

Revenue
USD 1.07bn10-Q filing 0001705696-26-000120

Gaming and Leisure Properties Nasdaq: GLPI

Quarter ended 30 September 2026

Revenue
USD 435.4m10-Q filing 0001575965-26-000072
Operating income
USD 309.9m10-Q filing 0001575965-26-000072

Boyd Gaming NYSE: BYD

Quarter ended 30 September 2026

Revenue
USD 990.5m10-Q filing 0001437749-26-033786
Operating income
USD 194.9m10-Q filing 0001437749-26-033786

Sportradar NASDAQ: SRAD

Quarter ended 30 September 2026

Revenue
EUR 362.5m

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Analysts assess gambling companies, Macau risks and 2025 outlooks

Analysts issued views on GLPI, Double Down Interactive, Churchill Downs and Boyd, while Fitch Ratings assessed risks for US gaming operators in Macau. One analyst estimated Double Down’s first-quarter revenue at $81 million, below an $85 million consensus, while Fitch cited trade tensions and China’s weaker economic outlook as potential pressures on Macau gaming revenue and earnings.

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