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DraftKings, Flutter Sell-Off 'Overdone': Analyst Says Prediction Markets Provide $5 Billion Opportunity
Monday, November 24, 2025 - 8:09pm | 597Read More...The rise of prediction markets has sent DraftKings Inc (NASDAQ:DKNG) and Flutter Entertainment PLC (NYSE:FLUT) shares lower. While some investors and analysts see prediction markets as a major competitor, an analyst said the selloff is overdone and both companies have a $5 billion opportunity of...
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DraftKings 'Well Positioned For Double-Digit Revenue Growth,' Analysts Say
Tuesday, February 18, 2025 - 1:22pm | 595Read More...DraftKings Inc (NASDAQ:DKNG) analysts are weighing in on the company’s 2025 guidance and future after fourth-quarter results. The DraftKings Analysts: Macquarie analyst Chad Beynon maintained an Outperform rating on DraftKings and raised the price target from $50 to $60. Needham analyst...
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Unpacking The Future Of Sports Betting, Gaming, Esports
Tuesday, May 14, 2024 - 12:54pm | 559Read More...The Sports Betting, Gaming & Esports: A Deep Dive virtual event on May 16 at 11 am ET will bring together industry leaders to discuss these rapidly growing fields’ current and future state. This session will provide attendees a platform to hear from top professionals about the trends...
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Penn Entertainment Analysts Say ESPN Bet Sportsbook In Early Innings: 'Building A Business Takes Time And Money'
Friday, February 16, 2024 - 1:43pm | 897Read More...Casino and sports betting company PENN Entertainment Inc (NASDAQ:PENN) reported fourth-quarter financial results before market open Thursday. Here's a look at what analysts are saying after the report and the future growth of ESPN Bet. The Penn Analysts: Macquarie analyst Chad Beynon had an...
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DraftKings Can Reach $4.3B Revenue By 2030: Macquarie
Thursday, September 24, 2020 - 11:26am | 324Read More...A new analyst has jumped in the bullish camp for a leader in online sports betting and iGaming. The DraftKings Analyst: Macquarie Research analyst Chad Beynon initiates DraftKings Inc (NASDAQ: DKNG) stock with an Outperform rating and a price target of $65. The DraftKings Takeaways:...
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5 Catalysts That Could Drive MGM Shares To $34
Tuesday, November 8, 2016 - 4:51pm | 304Read More...Shares of MGM Resorts International (NYSE: MGM) hit a new 52-week high of $28.30 on Tuesday, but analysts at Macquarie Research believe the stock could rise as high as $34. Chad Beynon of Macquarie maintains an Outperform rating and $34 price target on MGM's stock following the company's...
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Extended Stay America Shares Climb After Strong Q4 Results
Wednesday, February 24, 2016 - 5:33pm | 404Read More...Shares of Extended Stay America Inc (NYSE: STAY) climbed as much as 3 percent Wednesday after the hotel operator reported better-than-expected results for the fourth quarter. The company reported adjusted EPS of $0.15, topping Street view by $0.02. Quarterly revenue of $296.3 million also came...
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Why Did Marriott Really Buy Starwood?
Tuesday, December 29, 2015 - 11:56am | 351Read More...Shares of Marriott International Inc (NASDAQ: MAR) have appreciated 5.62 percent over the past three months, while those of Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) are up 9.31 percent during the same period. Chad Beynon of Macquarie Research has maintained a Neutral rating...
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Scientific Games Still No. 1, Macquarie Says
Monday, October 5, 2015 - 10:53am | 312Read More...Scientific Games Corp. (NASDAQ: SGMS) has seen a year-to-date decline of 21.39 percent in its share price, which hit a low of $9.71 on October 1. Macquarie’s Chad Beynon has maintained an Outperform rating and a price target of $20 on the company. Beynon believes that the company...
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Macquarie Says It's 'Too Early To Call The Bottom' On Macau, Recommends MGM
Thursday, September 3, 2015 - 12:52pm | 338Read More...Macau's gross gaming revenue (GGR) fell 36 percent year-over-year in August to MOP 18.6 billion, marking the fifteenth straight monthly decline and prompting Chad Beynon, Macquarie Capital's gaming analyst, to state that it is "too early to call the bottom." Some Numbers Beynon continued by...
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UPDATE: Macquarie Upgrades Hyatt Hotels
Friday, October 17, 2014 - 3:21pm | 181Read More...Macquarie upgraded Hyatt Hotels Corporation (NYSE: H) from Neutral to Outperform and raised its price target from $65 to $68. Analysts Chad Beynon and Jeremy Luskin acknowledged "headline macro risks, but believe the growth story – 3-year estimated EBITDA and EPS CAGR of 14 percent...
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Macquarie: Japan's 'Massive Opportunity' For Gambling Operators
Thursday, June 19, 2014 - 4:17pm | 247Read More...In a report published Wednesday, Macquarie analyst Chad Beynon commented that the legalization of gaming in Japan and the subsequent integrated resorts is a “massive opportunity” for operators. Japanese parliament met to debate a preliminary bill for the legalization of casinos....
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School's Out: Macquarie Updates The Lodging Industry
Wednesday, June 11, 2014 - 9:16am | 304Read More...Heading into summer, Macquarie gave an update on the lodging sector. Macquarie likes the hotel industry, citing strong revenue per available room growth -- four straight months of at least seven percent. Other bullish fundamental factors are 75 percent of Americans planning a summer trip versus...
