Katz said Bally’s is noteworthy in the long term with future plans involving the Tropicana and an agreement with the Oakland Athletics Major League Baseball team seeking to relocate to Las Vegas and build a $1.5 billion, 30,000-seat retractable-roof stadium at the Trop site.īut in the early term, Bally’s is focused on opening a temporary casino operation in Chicago. “The more important takes in our view are: the nascent growth in digital gaming coupled with active mergers and acquisitions, the specific growth opportunities in gaming in Las Vegas for Caesars and Bally’s, and Churchill Downs in new regional markets, and the mergers and acquisitions landscape for IGT and its gaming business, and how this could read across for Everi and Light & Wonder.” “Among the most prominent aspects of our discussions, the fundamental strength across Las Vegas and digital gaming is notable, with more mixed, specific dynamics in regional gaming,” Katz said in his note to investors.

Katz also noted solid opportunities for Bally’s Corp., the operator of the Tropicana, real estate investment trust Gaming & Leisure Properties Inc., which owns the Tropicana land, and manufacturing companies IGT, Light & Wonder and Everi Holdings Inc.

as prime for growth in a Thursday report to investors. (Rachel Aston/Las Vegas Review-Journal) “the fundamental strength across Las Vegas,” a gaming industry analyst whose company conducted an investment conference this week says near-term industry trends are positive with no evidence of consumer weakness.Įquity analyst David Katz of New York-based Jefferies identified Caesars Entertainment Inc., real estate investment trust Vici Properties Inc., DraftKings Inc. Equity analyst David Katz of New York-based Jefferies identified Caesars Entertainment Inc., real estate investment trust Vici Properties Inc., DraftKings Inc. The Caesars Palace rotunda in Las Vegas on Tuesday, March 14, 2023.

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