Stocks under scrutiny: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd (from the financial market, Wall Street Bets is focusing on these companies)
Caesars Entertainment is showing a cautiously optimistic outlook for the coming years, with a focus on digital growth and recovery in group bookings. In Q2 2025, the company reported a slight increase in GAAP net revenue compared to 2024, but a 3.7% year-over-year decline in Las Vegas revenue.
The Las Vegas segment saw lower net income due in part to a lack of high-profile entertainment compared to the previous year, leading to softness in Q3 2025. However, Caesars expects Q4 2025 through Q2 2026 to deliver record group business in Las Vegas.
The regional operations saw a 4% increase in net revenue, though the adjusted EBITDA declined due to competition and new property costs. Caesars is focusing on debt reduction and improving financial flexibility to capitalise on these opportunities.
CEO Tom Reeg highlighted the strong digital momentum and strategic reinvestment in loyalty programs. The company aims to reach $500 million digital EBITDA by 2026.
In the commercial casino industry, Caesars' near-term outlook can be characterized confidently. However, information on the 2025-2026 outlook for Golden Entertainment, Churchill Downs, GLPI (Gaming and Leisure Properties, Inc.), and Boyd Gaming was not found in the current search results.
Churchill Downs recently announced a new $500 million share buyback program. Boyd Gaming, on the other hand, is aiming to stave off M&A speculation due to its low pro forma leverage, but J.P. Morgan's Dan Politzer forecasts that Boyd will return to its mid-x range in fiscal year 2026, due to capital expenditures and share repurchases.
David Katz of Jefferies believes that an improving outlook in Virginia and Kentucky, combined with the growth catalysts for 2026, will satisfy top-line concerns through 2026 for Churchill Downs.
As for Golden Entertainment, David Bain of Texas Capital Securities believes that despite the estimate adjustments, the company's stock setup remains undervalued.
Progress is being made at the Bally's Chicago project, and GLPI continues to engage with tribes on potential deals. More updates on the industry's outlook for 2025-2026 will be provided as more information becomes available.
- Caesars Entertainment is hopeful about casino-games revenue in Q4 2025 through Q2 2026, as they expect record group business in Las Vegas.
- In the casino-and-gambling industry, the outlook for Golden Entertainment and Boyd Gaming for the 2025-2026 period is less certain, with M&A speculation surrounding Boyd Gaming and analysts' varying forecasts for both companies.
- Despite estimate adjustments, the casino-personalities at Golden Entertainment, like David Bain of Texas Capital Securities, believe that the company's stock setup remains undervalued, signaling potential for growth in casino-culture andFinance.
){kind=link}