J.P. Morgan analysts projected a 3% decline in regional casino revenue for April 2026, based on an 8.3% fall in visits to 17 regional casinos. The analysis excluded seasonal markets and high-end properties; analyst Daniel Politzer said the visitation data pointed to results below usual seasonal patterns.
The projection gives casino investors and operators an indication of weaker April revenue across the markets tracked.
The day’s most important stories, free. One email a day.
Analysts discussed the proposed Fertitta Entertainment acquisition of Caesars, announced on Thursday, and its potential effects on casino operators. J.P. Morgan’s Daniel Politzer raised questions about financing, possible divestitures and shareholder approval, while CBRE’s John DeCree said the sector could see further leveraged and management buyouts.
J.P. Morgan analyst Daniel Politzer and Truist Securities analyst Barry Jonas expressed cautious expectations for gaming companies’ third-quarter earnings in investor notes released on Tuesday. Jonas said September regional casino revenue was on course to rise 7% from 2025, while the analysts identified differing prospects across regional, Las Vegas, Macau and online businesses.
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%.
SOFTSWISS said its Prediction Markets platform has more than 50 projects in its pipeline since launching in April, including two live projects outside its Sportsbook ecosystem. The supplier describes the product as a B2B fixed-odds platform for operators in regulated iGaming markets. It said integration takes two to three days for existing Sportsbook partners, while new operators can go live in about three weeks.
France's competition authority has approved Banijay's planned acquisition of casino operator Joa without conditions. The review, the authority's first of a gambling transaction spanning online and land-based operations, focused mainly on poker and concluded that the deal was unlikely to restrict competition. The authority said its assessment did not account for possible future legalisation of online casino games.