Hollywood Casino Pick 6 ts. Silver Oak Casino Codes No Deposit Hhwq (Image: Michael Blackshire/LVR-J)For the quarter ending Sept. Downstream Casino Vaccine Jaoq 30, Boyd earned 39 cents a share on revenue of 9. 6 million. Wall Street was expecting earnings of 39 cents on turnover of 0. 5 million. More than a quarter (2.

9 million) of June through September turnover was attributable to the company’s acquisitions of the Ameristar Kansas City, Ameristar St. viejas casino bingo Charles, Belterra Resort, Belterra Park and Valley Forge Casino Resort. In its home market of Las Vegas, where the company operates the Aliante and the Orleans, among other casinos, revenue increased 2. casino philadelphia 2 percent year-over-year to 3. 3 million with earnings before interest, taxes, depreciation and amortization per available room (EBITDAR) rising to the highest level in Sin City in 14 years. While analysts weren’t overly impressed with Boyd’s third-quarter results, some liked the company’s performance among Las Vegas locals. We believe the company was able to maintain market share in the face of a ramping Palms/Palace Station,” said Macquarie analyst Chad Beynon in a note out earlier today.

Key Insights and Expert Analysis

“Orleans and Aliante remained the stars in the quarter. We are bullish on LV Locals fundamentals and believe BYD will continue to grow despite increased competition. ”Beynon noted that some of the sluggishness in Boyd’s numbers for the most recently completed quarter was attributable to bad weather in the Midwest, a region in which the company operates nine gaming properties across Illinoisborgata pa online casino customer service, Indiana, Iowa, Kansas, Missouri, and Ohio. Cash Flow And Haircuts To EstimatesBoyd shares are up nearly 26 percent year-to-date, good for not only one of the best performances among regional gaming equities, but among large-scale commercial operators as well. A significant part of the bullish thesis on the stock this year has been the company’s ability to increase free cash flow (FCF). Beynon believes Boyd can generate 0 million in discretionary FCF by the end of this year. But the company’s debt burden remains concerning. rubian poker online casino

“As of September 30, 2019, Boyd Gaming had cash on hand of 5. 1 million, and total debt of . bellagio casino kazakhstan 85 billion,” said the operator of the Gold Coast and Suncoast in Las Vegas. Hard Rock Casino Daytona Beach Uwcm With a “neutral” rating on the stock, the Macquarie analyst reiterated a 2019 EBITDA estimate on Boyd of 9 million, while trimming his 2020 forecast to 3 million from 0 million. casino poker card games gold coast casino near las vegas nv Beynon did slightly boost his 2021 EBITDA projection to 1 million from 7 million. morongo casino zip code valley forge casino lost and found Positives And NegativesBoyd’s strength in Las Vegas and ability to keep a lid on costs were among the bright spots for the company in the third quarter. But there are also some areas the operator can improve.

“On the positive, BYD expanded margins in LVL, controlled corporate costs, and grew acquired asset EBITDA by 6% yoy,” said Beynon. “3Q and YTD margins of 26. zynga poker change casino 1% (+175bp) and 26. gold coast casino bowling wild horse casino new mexico 8% (+108bp) remain slightly behind industry leading peers. ”The analyst pared his 12-month pborgata pa online casino customer servicerice target on Boyd to from . bicycle casino los angeles poker tournaments The stock trades around . 50 at this writing. borgata casino layout

LAS VEGAS – The 2019 Global Gaming Expo (G2E) wrapped up last week at the Sands Expo and Convention Center, with more than 27,000 gaming professionals gathering to discuss and learn more about the future of the industry. the online casino no deposit bonus code More than 27,000 gaming industry professionals attended Global Gaming Expo 2019 at the Sands Expo and Convention Center, which ended last week. methode roulette casino 11 22 33 (Image: Casino. org)With that many people and nearly 400 exhibitors on the expo floor, there’s no way to easily sum up the entire conference in just one article. the cliff castle casino You can find previous articles from this year’s G2E conference, including the keynotes and breakout sessions, in the hyperlinks throughout this article. Can You Smoke In The Bellagio Casino Oiwb In addition, we’ll have in-depth articles in the