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    Barclays cuts PT on some casino operators

    Picture of Las Vegas Sands logoLas Vegas Sands
    22/04/2025 16:46
    ** Barclays cut PT on some U.S. casino operators on longer-than-expected slowdown in Las Vegas and Macau

** Brokerage cuts its Price Targets on Las Vegas Sands Corp LVS.N, Caesars Entertainment CZR.O, MGM Resorts MGM.N, and WYNN Resorts WYNN.O

** Says "protracted slowdown will hurt Las Vegas more than regionals or digital"

** Barclays keeps rating for all four co's unchanged at 'overweight'

** As of last close, S&P 500 Casinos & Gaming index .SPLRCCCGL declined 26.2% YTD


    CompanyNew PTOld PT
    Las Vegas Sands$53$58
    MGM Resorts$41$47
    Wynn Resorts$99$116
    Caesars Entertainment$44$54
    

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))

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