JMP Securities raised the company’s interest rate price target on Golden Entertainment (GDEN) from $35 to $36 and maintains an Outperform rating on the stock. After touring and speaking with several general managers of brick-and-mortar gaming casinos in Louisiana and Mississippi, JMP believes the trends are stable, with no change in November gaming revenue compared to year-to-date trends in Louisiana and Mississippi, the analyst tells investors in a research note. While the barriers to passing an iGaming bill are high, the topic of discussion potentially led by the governor gives it more validity and a welcome option to help offset any potential increase in sports betting taxes, argues J.M.P.
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