Oct. 17 at 7:41 PM
Citizens updated its gaming sector coverage following the Global Gaming Expo and ahead of Q3 earnings, expecting weaker results from Las Vegas operators and U.S. online gaming due to unfavorable betting outcomes.
The broker named Flutter Entertainment as its top online gaming pick, citing its leading U.S. and international position, scale, and strong balance sheet. It also recommended Genius Sports for its progress toward cash flow generation and Super Group for its attractive valuation and upcoming catalysts.
For physical exposure, Citizens highlighted PENN Entertainment, noting upside potential from project returns, capital allocation, and a possible ESPN Bet exit. It also sees catalysts for Churchill Downs from growth in historical horse racing machines and projects tied to the 2026 Derby.
$FLUT $SGHC $PENN $CHDN $BRAG