Carlo Santarelli

In a report published Thursday, Deutsche Bank analyst Carlo Santarelli detailed a meeting he had with the team from Land & Buildings, an activist investor that is pushing for an REIT and C-Corp structure change at MGM Resorts International (NYSE: MGM). According to Santarelli, the proposed...

Deutsche Bank on Friday issued a company update on Wynn Resorts, Limited (NASDAQ: WYNN) as the company continues to face pressure given Macau trends. Deutsche Bank rates Wynn resorts as a Buy and set a price target of $170. Analyst Carlo Santarelli wrote, "In the near term, with shares at current...

In a report published Tuesday, Deutsche Bank analyst Carlo Santarelli commented on Land & Buildings' proposal to split MGM Resorts International (NYSE: MGM) into a REIT and C-Corp. "While we believe MGM shares are fundamentally undervalued and believe price discovery on the Strip...

Deutsche Bank analyst Carlo Santarelli believes that Wynn Resorts, Limited’s (NASDAQ: WYNN) previous quarter marks an inflection point at Wynn Macau, where renovations will no longer disrupt business. Specifically on Wynn’s report, Santarelli does not believe that the Cotai delay...

Carlo Santarelli of Deutsche Bank on Wednesday commented on the earnings implications for MGM Resorts International (NYSE: MGM) following Las Vegas Strip data from the Las Vegas Convention and Visitors Authority. Santarelli believes that MGM will report a solid fourth-quarter RevPAR (Revenue...

Deutsche Bank cut its price targets Thursday on Wynn Resorts, Limited (NASDAQ: WYNN) and Las Vegas Sands Corp. (NYSE: LVS) due to Macau exposure. Analyst Carlo Santarelli maintained a Buy rating on Wynn Resorts, but lowered the price target from $225 to $180. Santarelli had a positive view on...

Casino investors might gain solace from an analyst's view Tuesday that November's Las Vegas results could have been worse. Winnings in the Las Vegas Strip district fell 4 percent during November to $508.3 million, from $529.4 million a year earlier, according to the Nevada Gaming...

Carlo Santarelli of Deutsche Bank commented in a note on Thursday that Macau's near-term challenges are unlikely to improve. Santarelli notes that several persistent tailwinds seen over the past six months have had a negative influence in trends. These include China's anti-corruption campaign, “...

Carlo Santarelli of Deutsche Bank commented in a note on Tuesday that Macau's 19.6 percent gross gaming revenue decline seen in November was expected and December's gross gaming revenue is also expected to be lower than it was a year ago. Santarelli is projecting gross gaming revenue in...

Carlo Santarelli of Deutsche Bank hosted companies from the Gaming, Lodging and Leisure space at a recent conference and came away with several key themes. Large-Cap Gaming Takeaways According to Santarelli's discussions with Las Vegas Sands Corp (NYSE: LVS) and MGM Resorts International...

On Tuesday, analysts at Deutsche Bank reaffirmed the Buy rating on shares of Penn National Gaming, Inc (NASDAQ: PENN) and raised the price target from $15 to $17. Carlo Santarelli outlined reasons for the price target increase. The worst appears to be over as regional markets are showing...

Gaming revenue in Macau fell more than 23 percent in October, marking the fifth consecutive month of declines for the Chinese gambling mecca. Casino stocks were generally lower Tuesday, lead by Melco Crown Entertainment Ltd's (NASDAQ: MPEL) loss of 6 percent and MGM Resorts International (...

Boyd Gaming Corporation (NYSE: BYD) possible plan to split off part of its operations as a real estate investment trust lacks credibility in light of the company's $3.5 billion debt load, an analyst said Friday. Boyd's Chief Executive Keith E. Smith told investors the company is...

In a note dated October 28, Deutsche Bank analyst Carlo Santarelli provided his take on Marriott International Inc's (NASDAQ: MAR) third quarter earnings results. Santarelli began by noting Marriott posted an EPS of $0.65 beating both his ($0.61) and consensus ($0.62) estimates. He added...

Carlo Santarelli of Deutsche Bank previewed the Lodging industry ahead of the major companies reporting third quarter results. The analyst favors the group, especially U.S.-centric names despite Ebola and U.S. economic growth and consumer spending concerns. “Given how the quarter played...