Wall Street Bets: Genius Sports, Churchill Downs, Rush Street, Gaming & Leisure Properties, Macau

Wall Street Bets is a roundup of recent notes from analysts covering the gambling industry. “Buy-rated Genius Sports reports 3Q results on November 5. We expect the third quarter to kick off the seasonally strong second half by validating that Legend accretive and free cash flow is inflecting, setting the stock up for a potential re-rating. We model revenue of $260 million (+56.3% year-over-year) and EBITDA of $85 million at a 32.7% margin (+1,230 basis points year-over-year), matching guidance and in line with consensus of $261 million/$85 million, in the company’s first full quarter with Legend.” “Investors in Churchill Downs…