Reported 22 days ago
Goldman Sachs has initiated coverage of major casino stocks, providing insights into their current market positions. Analysts are wary of the challenging environment for gaming stocks, with a buy rating for Wynn and Caesars, a neutral rating for Las Vegas Sands, and a sell rating for MGM, which faces pressures due to significant capital expenditures and a weak cash flow outlook. Conversely, Wynn's upcoming casino in the UAE and Caesars' strong position in convention attendance suggest promising opportunities within this tumultuous sector.
Source: YAHOO