Why I Am Bullish On Gaming, But Bearish On Roblox
Boyd Gaming (BYD) remains a top casino pick, supported by disciplined capital allocation and robust shareholder returns. BYD's diversified portfolio and ongoing renovations, like Orleans and Treasure Chest, underpin steady growth despite Nevada softness. With buybacks pushing shareholder yield near 10% and 8–13.6% price upside to a $95–$100 target, I maintain a 'Buy' rating.
A new year brings many opportunities for rebalancing, and the gaming ETF GAMR is no exception. The strategy, investing in companies that drive video games forward, holds just about 20 total constituents in its index, but made some notable adjustments between December and its current weights.
Macro headwinds that drove an 11% decline in Vegas visitation for conventions and tourism in the last nine months are expected to subside, proven by record advance bookings. Inflation, tariffs, and labor costs being absorbed psychologically has been the endgame for years. Our key picks are significantly undervalued now, and first quarter earnings are expected to rise.
Robust online betting demand bodes well for the Gaming industry. Stocks like LVS, RSI and BRSL benefit from improving industry trends.
The Goldman Sachs Conviction List is a curated list of stocks that the firm's research team believes are highly likely to outperform the market.
SharpLink Gaming offers exposure to Ethereum at a 17% discount to its net asset value, trading at 0.83x mNAV. SBET maintains a strong financial position with no debt, significant ETH holdings, and rising staking rewards, supporting long-term stability. Despite recent price declines, the long-term bull case for Ethereum and SBET remains intact, driven by stablecoin growth and tokenization trends.
SharpLink Gaming trades below its ETH-derived net asset value, implying material upside to fair value. The company's ETH concentration is rising faster than its share dilution, lifting ETH per share. Management accesses enhanced multi-year staking yields unavailable to retail or ETFs.
Strauss Zelnick, Take-Two Interactive chairman and CEO, joins 'Squawk Box' to discuss the state of the video game business, the key demographic and much more.
Gaming and Leisure Properties offers a compelling opportunity with a nearly 7% yield, strong growth prospects, and a well-covered dividend. GLPI's recent acquisitions, robust investment pipeline, and raised AFFO guidance position the REIT for solid top and bottom line growth. Leverage remains manageable at 4.4x, with no debt maturing until 2027, supporting future acquisitions and dividend safety.
Gaming is a major part of global entertainment investing. There are countless gamers, from East Asia to South America and everywhere in between.
Gaming and Leisure Properties remains a buy, offering a compelling ~7.15% dividend yield and solid AFFO growth despite recent macro headwinds. GLPI's robust cash position, prudent debt management, and diversified growth pipeline support continued expansion and financial resilience. Recent acquisitions and financing deals, including Sunland Park and Caesars Republic Sonoma, enhance AFFO growth prospects and long-term value.