Free Slots.c  a share, above the consensus estimate of 20 cents. Strat owner Golden Entertainment reported decent Q4 results, but investors are focused on coronavirus impact. slotocash casino payout (Image: Twitter)The company reported revenue of 2. resorts casino phone number 13 million for the last three months of 2019, easily topping Wall Street’s forecast of 0. Five Star Casino Near Me Sqfp 13 million. coushatta casino wiki But on Friday, investors appeared to be focusing on how frequently Golden management mentioned COVID-19 on the earnings conference call and the impact of the outbreak on the operator’s business. online casino 1 deposit

Obviously, at this time, it is tough to handicap the duration and severity of the coronavirus. Club Player Casino No Rules Bonus Zhtk But we aren’t seeing any impact to our business that is remotely proportionate to the impact on our equity valuation,” said CFO and President Charles Protell on the call. kansas star casino news doubledown casino problems Las Vegas-based Golden operates 10 casinos, nine of which, including the Strat, are in Southern Nevada. The other is the Rocky Gap in Maryland. harrah s cherokee casino mabage black bear casino reviews Club Player Casino New No Deposit Bonus Codes Mdnf Nevada Coronavirus ImpactThe bulk of Golden’s Silver State properties outside of the Strat cater to locals, a segment many analysts viewed as sturdy prior to the outbreak of the coronavirus in the US. online casino poker tournaments Local and regional casinos account for about 80 percent of Golden’s earnings before interest, taxes, depreciation and amortization (EBITDA).

Key Insights and Expert Analysis

Alone, the Strat accounts for 20 percent of the company’s property level EBITDA. Protell notes that last weekend, the Strat was entirely booked, and just seven percent of that property’s guests hail fromslot casino 2021 outside the US. Still, the emphasis on catering to locals at Golden’s other venues could be challenging in today’s COVID-19 environment. casino dealer salary coushatta casino fair 2021 The number of confirmed cases of the respiratory illness in the Silver State rose to 11 on Thursday, prompting Gov. Steve Sisolak to declare a state of emergency. Las Vegas Mayor Carolyn Goodman offered a fiery rebuke of media coverage surrounding COVID-19, saying the press is keeping tourists away from Sin City, claiming that “the media is absolutely destroying us.

”Reassuring InvestorsLike other gaming stocks, Golden has been slammed this month, entering Friday down 61. sunset station hotel casino expedia 74 percent since March, and more than 66 percent below its 52-week high. But CEO Blake Sartini looked to reassure skittish investors on the call. “I’d like to remind everyone I am the largest shareholder of Golden Entertainment and have an obvious interest, along with all other shareholders, to see our valuation grow,” he said. “I can’t control the coronavirus and unfortunately don’t have a cure. ”Sartini reiterated that while Golden owns the Strat, it’s not a Strip company, and that it has one of the highest free cash flow yields in the industry.

In terms of liquidity, a hot topic in the gaming sector at the moment, Golden has 2 million in cash on its balance sheet and access to a 0 million credit revolver, which the operator currently hasn’t drawn against. Atlantic City officials are requesting authorization from the New Jerseyslot casino 2021 Superior Court to force billionaire Carl Icahn to immediately demolish the shuttered Trump Plaza on the Atlantic City Boardwalk. free slots 3888 Jamul Casino Opening Date Syni Atlantic City Mayor Marty Small says Trump Plaza presents an immediate threat to public safety and should be demolished. (Image: Wayne Parry/AP/Casino. org)The property has sat vacant since 2014. The billionaire activist investor acquired the former casino in his 2016 takeover of the bankrupt Trump Entertainment Resorts.

Icahn stalled the demolition process in hopes of receiving millions of dollars from the state’s Reinvestment Development Authority, but that never came to fruition. During a Thursday news conference at Jim Whelan Boardwalk Hall, Atlantic City Mayor Marty Small (D) said the government has filed paperwork seeking a court order to require Icahn to bring the deteriorating property down. online casino deposit bonus coolcat casino no deposit bonus Today, we are saying to Carl Icahn that we want this building torn down,” the mayor declared. “We does wild horse pab casino have bingo