Casino Resorts Gulf Coast ggest of spenders. black hawk casino rv park no download free casino slot games But JPMorgan opined last month that Macau needs a more adequate room supply to accommodate the growing number of visitors. mountaineer casino and resort chester wv The SAR is home to nearly 38,000 rooms, compared to Las Vegas’s 150,000. blackpool g casino poker schedule red dead 2 online gambling Macau’s Tourism Office reports a hotel occupancy rate of 91. 6 percent January through September – a 0. 3 percent gain. Nightly room rates have increased 2. 1 percent to MOP1,357 (8.

10). JPMorgan believes to keep up with the expected continued increase in general public visitation to Macau, the enclave needs to add rooms. riversweeps online casino download Shares of regional casino operator Boyd Gaming Corp. (NYSE:BYD) were higher by about two percent in midday trading Wednesday, a day after the company delivered third-quarter earnings. www.fanduel casino.com But some sell-side analysts are not impressed with the results. (Image: Michael Blackshire/LVR-J)For the quarter ending Sept. slotocash casino no deposit bonus codes 2019 30, Boyd earned 39 cents a share on revenue of 9. 6 million. club player casino 100 no deposit bonus

Key Insights and Expert Analysis

Wall Street was expecting earnings of 39 cents on turnover of 0. Jamul Casino Employee Benefits Vbzz 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. 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. 2 percent year-over-year to 3. free casino poker table black bear casino spa 3 million with earnings before interest, taxes, depreciation and amortizonline casino 0900ation per available room (EBITDAR) rising to the highest level in Sin City in 14 years. Ruby Slots Active Codes Xlqv

While analysts weren’t overly impressed with Boyd’s third-quarter results, some liked the company’s performance among Las Vegas locals. Brian Christopher Slots Daily Ypid 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. live casino 888 “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 Illinois, Indiana, Iowa, Kansas, Missouri, and Ohio. location of thunder valley casino 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. Coushatta Casino Job Openings Wzmo

But the company’s debt burden remains concerning. “As of September 30, 2019, Boyd Gaming had cash on hand of 5. golden nugget casino owner 1 million, and total debt of . raging bull casino reddit foxwoods resort casino login 85 billion,” said the operator of the Gold Coastonline casino 0900 and Suncoast in Las Vegas. 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. Beynon did slightly boost his 2021 EBITDA projection to 1 million from 7 million. 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. 1% (+175bp) and 26. 8% (+108bp) remain slightly behind industry leading peers. ”The analyst pared his 12-month price target on Boyd to from . The stock trades around . 50