Jefferies analyst flags competition and potential igaming in Virginia
Jefferies Equity Research analyst David Katz assessed Virginia’s casino market in an investor note dated 22 May, reportedly, after analysts toured casinos in the state. He cited competition facing Churchill Downs and Rush Street Gaming, while saying igaming remained several years away. Katz lowered his Churchill Downs price target from $139 to $138 per share.
Operators and investors can use the note’s assessment of competition, planned casino spending and the uncertain timing of Virginia igaming.