Institutional Research

Company Research

Single Stock and High Yield
Research coverage of the largest universe of global gaming companies, supported with real-time monitoring, analysis, and industry leading financial modeling

Current Coverage

Las Vegas Strip
Caesars Entertainment
Las Vegas Sands
MGM Resorts International
Wynn Resorts

Macau Concessionaires
Galaxy Entertainment Group
Melco Resorts & Entertainment
MGM China Holdings
Sands China
SJM Holdings
Wynn Macau

Universal Entertainment

Genting Singapore

Frontier Markets
Delta Corp Limited

U.S. Regionals
Penn National Gaming
Full House Resorts
Monarch Casino & Resort
Century Casinos
Bally’s Corporation
Accel Entertainment

Las Vegas Locals
Boyd Gaming Corporation
Golden Entertainment
Red Rock Resorts

Casino REITs
Gaming & Leisure Properties
MGM Growth Properties
VICI Properties Inc.

Gaming Equipment and Technology
International Game Technology
Scientific Games Corporation

Corporate Access

Leveraging our extensive global network of corporate executives and industry stakeholders, our corporate access platform is designed to provide unique insights and a holistic view of the industry to our institutional clients. Bespoke investor meetings, field trips, and site visits are complemented by our active NDR schedule and Annual Corporate Access Forum every October during G2E in Las Vegas.

Recent Events

  • Gaming & Leisure Properties: CFO Steven Snyder, West Coast
  • VICI Properties, CFO David Kieske, Virtual NDR
  • MGM Resorts: CEO Jim Murren, Denver
  • Twin River Worldwide Holdings: Property Tours and Management Meetings
  • Eldorado Resorts: CEO Tom Reeg
  • Macau, Entertainment City in Manila & Singapore: 3-day International Field Trip and Corporate Access Forum

Proprietary Research Products

Industry Macro Research
Comprehensive research coverage covering the gaming sector globally with a focus on key issues and topics effecting the industry, outlook for current and out years, key developments to monitor, and robust jurisdictional datasets.

FOCUS Reports
Fundamental, Original, Current, Unique, Situational research pieces covering key topics and questions raised by the global investment community that highlights significant investable opportunities supported by in-depth qualitative and quantitative analysis.

Tales from the Road
Direct commentary and insights from in-person management meetings, NDRs, field trips, diligence trips, and site visits.

Union Gaming Monthly Monitor
A one-stop shop Casino/Gaming monthly report that is designed to provide investors with a quick overview of material news events, stock/bond performance, and key macro/sector trends as it relates to the companies in our global coverage universe – North America and Asia.

Representative Clients

  • Mutual Funds
  • Pension Funds
  • Endowments
  • Sovereign Wealth
  • Hedge Fund
  • Distressed
  • Private Equity
  • Private Credit
  • Special Sits
  • Family Office

Awarded #1 Stock Picker of the Year by Thomson Reuters in 2018 for the entire U.S. Hotels and Leisure market

Awarded #3 Stock Picker in 2017 for Asia Pacific Consumer