Regional US casino foot traffic fell 1.7% in November compared with the same month in 2024, according to Jefferies analyst David Katz’s investor note. Attendance was 15.1% below November 2019, while year-to-date visits were down 4.8% from 2024; Katz said regional revenue continued to trend higher than six years earlier.
The figures offer operators and investors a measure of regional casino visitation and revenue trends.
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Jefferies analyst David Katz warned investors that Las Vegas and Macau casinos face longer-term growth challenges, according to reports. He pointed to a positive second quarter alongside uncertainty about sustained growth, while MGM Resorts reported net Strip revenue of $2.18bn and an 8% fall in pre-tax earnings year on year. Katz also said April-May gambling wins in Las Vegas rose 10%.
Maryland elected to exercise its right to acquire intellectual property associated with the Preakness Stakes and Black-Eyed Susan Stakes from 1/ST, reportedly, matching Churchill Downs’ agreed $85 million purchase price. Analysts also reported May New Jersey casino revenue of $265.6 million, sports betting revenue of $85 million and online casino revenue of $276 million.
Casino companies at the Jefferies Nantucket Consumer Conference on 16–17 June described trading as broadly stable, according to a 18 June investor note by Jefferies analyst David Katz. MGM Resorts cited cash-flow growth, while Boyd Gaming expected leisure-traveller softness alongside strength in regional casinos and Las Vegas locals’ play; Light & Wonder also reported stable revenue trends.
Analysts issued views on DraftKings, Wynn Resorts, Inspired Entertainment and Genius Sports in notes published around their recent results and developments. DraftKings’ notes cited a 7% EBITDA beat against consensus and differing ratings, while Inspired reported first-quarter revenue of $57.2m, below consensus of $58.9m. The roundup also discussed Wynn’s planned Macau hotel tower and Genius Sports’ Q2 guidance.
Analysts issued views on Genius Sports, Churchill Downs, Accel Entertainment and Sportradar in notes dated 3, 4 and 9 March. Truist lowered its Genius Sports price target to $13 from $15 while retaining a Buy rating; other notes discussed company performance, potential developments and forecasts.