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In this morning’s edition of The Macro Show, Hedgeye Gaming, Lodging & Leisure analyst Todd Jordan describes the data-driven tailwinds supporting the U.S. regional gaming subsector, and why he feels their current valuations are reasonable (and have room to run).

"Regional U.S. gaming is one of our favorite areas right now; it changed drastically (for the better) during COVID. There's a lot of tailwinds: we feel the financials, cost structures, and valuations are absolutely sustainable,” explains Jordan, as he breaks down the stocks primed to take advantage of these catalysts over the coming months and quarters.
 
"These companies are generating huge amounts of Free Cash Flow and delivering at rates we've never seen before in Gaming.
Boyd Gaming (BYD) is already at their target leverage with very few capital needs. Stock buybacks are on the horizon."