The View From Wall Street

Sports betting adoption has exceeded estimates and igaming, while expanding slowly, continues to be a huge focus of the industry. Despite this, gaming technology valuations have declined, in some cases, quite dramatically.  Increasing interest rates threaten highly levered gaming company balance sheets, but continued expansion of gambling – with Downstate NY’s three potential licenses being the next prizes illustrate the industry’s growth potential.  An array of gaming finance experts debate the outlook.

• Jordan Bender, Senior Equity Research Analyst, JPM Securities
• Duane Bouligny, Managing Director, Wells Fargo Bank Security
• Mohit Kansal, Managing Director, Clairvest Group
• Drew Kelley, Chief Financial Officer, IGT Global Gaming