The firm aims to keep its technology lead over peers.
For investors seeking gaming exposure, we think undervalued Wynn Resorts is the better bet.
After healthy December visitation growth and strong upcoming bookings, we're maintaining our fair value estimate for Wynn.
Narrow-moat Choice Hotels' advantages will remain intact the next several years.
The market is underestimating the sustainable growth of the online travel industry, and overestimating the risks.
We remain constructive on the gaming enclave's long-term growth potential as the government continues to invest in the region to position it as a world resort destination.
With shares trading at a 30% discount to our $70 fair value estimate, we believe the market has become too pessimistic on the narrow-moat online travel company.
Las Vegas Sands and Wynn Resorts should benefit from the completed projects.
Despite near-term headwinds in the travel industry, narrow moat Priceline once again posted stellar results.