Casino
February 21, 2023
Morgan Stanley: Macau 2023 GGR and EBITDA Revised Upwards
Gambling industry analysts at Morgan Stanley believe that gambling in Macau is on the way to recovering, raising its gross gambling revenue (GGR) estimate for 2023 by 42% and 2023 EBITDA estimate by 70%. Better Product Mix, Higher Margins According to the note released by Morgan Stanley on Monday, the gambling industry in the Special […]
Business
March 3, 2022
Morgan Stanley Optimistic about DraftKings’ Stock Despite Short-Term Losses
A recent Morgan Stanley analyst note is bullish on the potential of the DraftKings stock as gaming shares are a hotly debated topic in investment circles. Some have advised that more consolidation of the sector would be needed before any real gains can be realized. Yet, the outlook from Morgan Stanley for the fantasy and […]
Industry
January 26, 2022
Morgan Stanley’s Intervention Turned the DraftKings’ Tide
A stock rating upgrade by Morgan Stanley saw DraftKings stock price reverse its negative trend that brought its share price from $64.50 to less than $20 in the space of four months. Is It ‘Too Big an Opportunity?’ Morgan Stanley upgraded the Boston-based gaming operator’s stock rating from Equal-Weight to Overweight in a report titled […]
Industry
October 6, 2021
Morgan Stanley: DraftKings Leads in Betting App Market Share for September
After the first month of NFL action, a significant increase was observed in the number of betting transactions and betting app downloads. A new report by Morgan Stanley outlines that betting app downloads grew this September by 183% compared to last year. Leaders with the highest market share are DraftKings and FanDuel, followed by BetMGM. […]
Business
July 26, 2021
DraftKings Listed on the Semiannual List of Secular Growth Stocks by Morgan Stanley
DraftKings, one of the most popular online sportsbooks in the US, was added to the semiyearly growth stock list by Morgan Stanley strategists. Interestingly, DraftKings was the only representative from the gaming stock segment to be listed. DraftKings Stands Out Among Stock Options Morgan Stanley is one of the biggest investment banks in the US […]
Business
June 3, 2021
Morgan Stanley Response to DraftKings’ Compensation Plan Causes Stock Dip
DraftKings’ stock suffered a significant blow yesterday, losing 35% in a matter of a few hours. When an analyst with financial giant Morgan Stanley provided his take on the sports gambling and gaming company’s status and showed concerns over its equity-based compensation plan, the stock dipped, but only for a short time. By the end […]
Industry
January 29, 2021
Analysts Forecast $15 Billion iGaming Market by 2025
Gambling businesses have been partnering up with media groups to keep up with customer demand. Analysts expect the market to reach $15 billion by 2025. $30 Billion by 2030? As more and more gambling businesses partner up with media groups, Wall Street analysts said they expect the US gambling and betting industry to grow quickly […]
Industry
January 11, 2021
Macau Gaming Stocks to Gain in 2H21 Due to Concession Extension, New Hotel Room Supply
Gaming stocks in Macau have lost momentum due to the pandemic, but Morgan Stanley analysts expect a rise in late 2021 – early 2022 boosted by three key areas. Revenue in 2021 to Reach 65% of Pre-Pandemic Levels The current price of Macau gaming stocks has dropped significantly, аnalysts at investment bank Morgan Stanley point […]
Casino
December 13, 2020
Morgan Stanley Expects Macau to Extend Concessions
Morgan Stanley expects the Macau Government to grant extensions to 2025 for its concessionaries due to the economic effects of the COVID-19 pandemic. Analysts Expect Extension Morgan Stanley analysts believe that the Government of Macau will likely drop its initial plans to hold an open tender for gaming licenses before June 2022. Instead, the country […]