Wall Street Bets is a roundup of recent notes from analysts covering the gambling industry.<\/em><\/p>\n <\/center><\/p>\n Truist Securities\u2019 Barry Jonas<\/strong> looked at Genius Sports on March 4:<\/p>\n \u201cQ4 was inline with pre-announced results with the Legends (acquired in a definitive agreement announcement February 5) a few weeks \u00a0back. Management reiterated Legends marks a structural shift for the company and spent significant time on the call (in addition to the CEO\u2019s recent letter) to highlight its virtues and differences with a typical affiliate business. With the stock still trading off post-Legend news, we think Genius remains a \u2018show me\u2019 story, but management highlighted substantial synergy potential. We take our 26E to the midpoint of the guide and recut our model to adjust for the new reporting structure. With the recent market re-rating we lower our price target to $13 (from $15) but maintain our Buy rating with deal close in Q2.\u201d<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n \u201cChurchill Downs remains active, given the pressure this week (-8.8%). Investors appear focused on two key issue sets. First, the prospective expansion in Virginia, which includes the efforts to legalize igaming, which we believe is eventually likely but 2-3 years from realization. Churchill Downs management indicates it is opposed but our sense is it could become a participant in the future.<\/p>\n \u201cSecond, the prospective sale of regional gaming assets, which we believe management should pursue assertively, with the goal of deleveraging below 4X and raising the company\u2019s growth profile. Our sense is that there remains considerable noise around this process and our channel checks suggest may or may not occur.\u201d<\/p>\n Patrick Keough of Truist Securities<\/strong> wrote March 3 that Accel Entertainment reported \u201ca strong Q4, beating both our\/Street estimates by double digits\u00a0in our first quarter of coverage. Illinois metrics were healthy as\u00a0Chicago\u00a0remains a significant opportunity, with management eyeing revenue in 4Q26\/1Q27. It was announced last month that Accel would undergo a leadership transition, as management provided more color on how new CEO Mark Phelan will look to evolve the business with his tenure beginning in August. Given a deal in Nevada (Rebel) and continued momentum, we raise both 2026E\/27E +3% with our price target to $14 (from $13).\u00a0Remain Hold-rated for now as we continue to monitor the Chicago process as well as other route gaming legislation.\u201d<\/p>\nGenius Sports acquisition of Legend media network<\/h3>\n
\u00a0Churchill Downs draws investor interest<\/strong><\/h3>\n
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<\/strong>David Katz of Jefferies<\/strong> examined Churchill Downs in a post March 9:<\/p>\nAccel Entertainment looking good<\/h3>\n
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