Tikitaka 8 Live Casino Ar d signs that March traffic momentum is carrying over to April. Doubledown Casino View Forum Injs A man walks in front of Boyd’s Fremont Casino in a vacant downtown Las Vegas during the pandemic. Analysts are enthusiastic on the stock. palace station hotel and casino reviews (Image: Fox5 Las Vegas)That could be a sign the Orleans operator will deliver another round of impressive data for the current quarter, and some analysts are forecasting more upside for Boyd stock. Macquarie’s Chad Beynon rates the regional gaming operator “neutral,” but he boosted his price target on the name to from . mgm casino customer service slot 7 casino free spins Riverwind Casino Careers Psgp That implies upside of 11.

5 percent from the April 27 close, and is well above the consensus forecast of around . Boyd’s 100 percent regional model continues to see margin tailwinds due to structural changes brought on by COVID-19,” said Beynon in a note to clients. four winds casino games online “First-quarter margins expanded 1,200 basis points over 1Q19. online casino michigan free play slot casino 42 April results have carried over from March, and hotel reservations are at the highest levels in the last year. ”Las Vegas-based Boyd operates 28 gaming venues across 10 states, including 11 in its home market. In Sin City, Boyd is the largest operator downtown, and derives a significant chunk of its revenue from the resurgent Las Vegas locals (LVLs) segment. cache creek casino direct bus Doubledown Casino Windows 10 Lsgb

Key Insights and Expert Analysis

Sources of Strength for Boyd StockMounting signs that Las Vegas locals are getting coronavirus vaccines and eager to return to their favorite casinos, coupled with Boyd’s enviable perch in serving that demographic, is a catalyst for the shares. morongo casino live music gold coast casino dinner and showBut there’s more to the story. In the first quarter, LVLs and Boyd’s downtown venues combined for 35 percent of earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR). g day casino no deposit bonus codes The remainder derived from the operator’s casinos in the Midwest and the South. LVL margins were the best of the three segments, but revenue at midwestern and southern venues topped what was notched in the comparable period in 2019. Margin expansion and revenue growth in the LVL demographic and regions outside Nevada can support Boyd stock, as downtown Las Vegas remains sluggish. Is Angel Of The Winds Casino Open Today Wzrk

Macquarie’s Beynon notes the operator’s market share in that part of the city is currently 10 percent, compared to a pre-pandemic clip of 25 percent. He expects Boyd’s downtown earnings before interest, taxes, depreciation and amortization (EBITDA) will slide 49 percent this year compared to 2019, before rising six percent in 2022. Looming Online CatalystsWhile Boyd isn’t the name many investors think of when it comes to online sports betting, the company has levers in that arena via its five percent ownership of FanDuel – a trait some analysts believe isn’t accurately reflected in Boyd stock. From an online standpoint, Boyd’s FanDuel partnership and proprietary iGaming launch (this quarter) should lead to positive EBITDA of million in 2021,” said Beyon. The analyst values the operators core land-based casino business at a share, and online casinos agold coast casino dinner and shownd sports betting at . drake casino apk He adds that as leverage decreases, Boyd could resume its dividend, which was suspended last year because of the pandemic, or seek out “accretive” merger and acquisition opportunities later this year.

Already on a torrid pace, Golden Entertainment (NASDAQ:GDEN) stock offers significant appreciation potential. sunset station casino table games That’s as the Las Vegas locals (LVLs) segment springs back to life and as more Californians flock to Nevada, among other factors, notes a sell-side analyst. cashman casino no sound club player casino latest bonus code The outside of the Strat Las Vegas pictured above. An analyst sees a big upside for Golden Entertainment stock. brian christopher slots july 2020 (Image: Los Angeles Times)B. Riley analyst David Bain initiates coverage on the Strat operator today with a “buy” rating and a 12-month price target of . casino golden palace tubize

That implies upside of 60 percent from the April 27 close. gta v online blackjack Bain’s report is having a positive impact on Golden