Sign in

    Samir Ghafir • Macquarie Group

    Samir Ghafir's questions to Caesars Entertainment Inc (CZR) leadership

    Samir Ghafir's questions to Caesars Entertainment Inc (CZR) leadership • Q4 2024

    Question

    Samir Ghafir, on for Chad Beynon, asked about the drivers for improved sports betting hold in New York and any changes to reinvestment strategy, as well as trends in international visitation to Las Vegas.

    Answer

    President of Caesars Sports and Online Gaming Eric Hession attributed improved hold to a better mix of parlay and SGP wagers. He and CEO Tom Reeg clarified that reinvestment strategy is focused on targeting valuable players and is not expected to change broadly. Reeg dismissed concerns about international visitation, stating there has been no significant change and that political chatter does not affect guest behavior.

    Ask Fintool Equity Research AI

    Samir Ghafir's questions to Accel Entertainment Inc (ACEL) leadership

    Samir Ghafir's questions to Accel Entertainment Inc (ACEL) leadership • Q3 2024

    Question

    Samir Ghafir from Macquarie Group asked about current M&A activity for targets under the $25 million EBITDA level, including common hurdles, and inquired about which potential state legislative efforts Accel is tracking for future expansion.

    Answer

    CEO Andrew Rubenstein noted an increase in available M&A inventory with a narrowing bid-ask spread, as sellers recognize the value of partnering with Accel. President of U.S. Gaming Mark Phelan identified Pennsylvania, Virginia, North Carolina, and Missouri as key states being monitored for potential gaming legalization, with a particular focus on North Carolina's revenue needs.

    Ask Fintool Equity Research AI