Carlo Santarelli

Analysts defending the DraftKings Inc (NASDAQ: DKNG) share offering and the company's high marketing costs. DraftKings has lower customer acquisition costs than in the prior year, and additional state legalization in the online sports betting market in its favor, the analysts said. The...

Wynn Resorts, Limited (NASDAQ: WYNN) shares were getting pummeled one day after the casino operator's mixed third-quarter earnings report. The casino operator reported Q3 earnings of $1.68 per share, missing estimates by a penny. Sales came in at $1.71 billion, beating estimates by $...

Caesars Entertainment Corporation (NASDAQ: CZR), the casino and resort operator that emerged from bankruptcy in 2017, makes for an attractive investment, according to Deutsche Bank.  The Analyst Deutsche Bank's Carlo Santarelli initiated coverage of Caesars Entertainment with a...

Gaming supplier PlayAGS Inc (NYSE: AGS) offered its shares to the public in a Jan. 26 IPO. The Analyst Following the IPO quiet period expiry, Deutsche Bank analyst Carlo Santarelli initiated coverage of PlayAGS with a Buy rating and $23 price target. The Thesis The 2018 PlayAGS story is...

After an impressive 32-percent gain in the past year, MGM Resorts International (NYSE: MGM)’s lucky streak may be coming to an end. On Monday, Deutsche Bank downgraded MGM shares from Buy to Hold, and analyst Carlo Santarelli said he expects MGM stock to be range-bound for the time being....

Analysts at Deutsche Bank turned bullish on casino operator Wynn Resorts, Limited (NASDAQ: WYNN) after a reconfiguration of the casino floor in Wynn Palace to attract more visitors is showing signs of success. The firm's Carlo Santarelli upgraded Wynn's stock rating from Hold to Buy with a price...

Most of the time when a company sells an asset to another company, the market rewards the perceived “winner” of the deal and punishes the loser. On rare occasion, the market will see a transaction as a win-win for both parties involved. According to Deutsche Bank analyst Carlo...

We are into the homestretch of 2016, and the markets have seen strong upside this year, benefiting from the domestic economy's resilience and the election of Donald Trump. With just four sessions to go, the Dow Jones Industrial Average has been a up a solid 14.4 percent, the S&P 500 has risen...

Deutsche Bank said Boyd Gaming Corporation (NYSE: BYD) is its top pick in the regional gaming space and downgraded MGM Growth Properties LLC (NYSE: MGP) to Hold from Buy, as part of its 2017 outlook for the sector. “Given favorable pertinent macro-economic indicators and the potential for...

After 26 consecutive months of year-over-year gross gaming revenue (GGR) declines, Macau investors celebrated a modest 1.1 percent year-over-year GGR gain in the month of August. The surprise growth number and subsequent Wall Street upgrades sent Macau gaming stocks soaring, but Deutsche Bank...

Deutsche Bank analyst Carlo Santarelli believes MGM Resorts International (NYSE: MGM) is a premier on the new, inexpensive, and quickly de-leveraging. In short, MGM is a simplifying story. As a result, the brokerage boosted its price target to $29.00 from $28.00 with a Buy rating on the shares...