Eldorado Casino Hotel Reno ion that all of the dogs be adopted. free online slots treasures of egypt Live racing was a previous mandate for the facility to house electronic gaming machines. Twin River Worldwide Holdings, Inc. (NYSE:TRWH), the operator of Rhode Island’s two casinos, reports third-quarter financial results Thursday after the close of US markets. With the company already having warned about the competitive impact of Wynn Resorts’ (NASDAQ:WYNN) Encore Boston Harbor, there’s a chance TRWH’s numbers could disappoint. Twin River’s Q3 results were likely pinched by Encore Boston, prompting an analyst to cut estimates.

(Image: YouTube)At least one analyst is preparing for a letdown. In a note obtained by Casino. chinook winds casino slot machines miami club casino payout org, Stifel analyst Brad Boyer lowered current and “out year” Rhode Island earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue forecasts on Twin River to more accurately reflect the effects of Encore Boston Harbor. Boyer said Ocean State-issued data indicate third-quarter gross gaming revenue (GGR) declined nine percent at the Twin River and Tiverton casinos. The July through September period was the first full quarter of operation for Encore Boston Harbor. twin river casino in tiverton Furthermore, based on WYNN’s reported results and comments from others operating in the market, we sense WYNN’s promotional spend, particularly with respect to its slot business, has remained elevated, an outcome that will likely have negative ramifications for TRWH’s margin performance over the next severalcasino online xe88 quarters,” said the analyst. foxwoods online slots promo code Casino Resorts Virginia Lgwq

Key Insights and Expert Analysis

Boyer now expects TRWH’s home state third and fourth-quarter revenue to decline by 15 percent, compared with prior forecasts calling for drops of seven percent and five percent, respectively. casinobonus2 no deposit bonus codes For 2020 and 2021, the analyst expects Twin River to post Rhode Island revenue and EBITDA of 8 million and 0 million and 2 million and 5 million. He previously projected 2020 and 2021 Ocean State turnover of 7 million and 1 million. desert diamond casino in arizona Encore Boston Has Its Own IssuesWhile Wynn’s lone New England casino has become the region’s dominant gaming venue since opening in late June, the 5 million in third-quarter revenue generated there implies the property will miss its first-year GGR forecast of 0 million. Morongo Casino Concerts Jzcf When the company reported results for the September quarter last week, it said adjusted property EBITDA in Massachusetts was . poker tables las vegas casinos 7 million, well below the million Wall Street was expecting.

Still, it has become clear that Encore Boston Harbor is a serious problem for other New England casinos. g casino poker tournaments luton TRWH’s August table game revenue at its namesake property in Lincoln, R. soaring eagle casino open I. seminole casino tampa restaurants palace station casino henderson nv plunged 40 percent, while slot turnover dipped 16 percent. drake casino bonus ohne einzahlung That was after July declines of 34 percent and 17 percent. Angel Of The Winds Casino Shuttle Yegg “In addition to modeling steeper y/y top-line declines, we have added conservatism to our Rhode Island margin forecast,” said Boyer. red stag casino.com

Bright SpotsWhile its home state has been problematic for TRWH, there are some bright spots for tcasino online xe88he company, including its Dover Downs property in Delaware. how to win on a slot machine tips Boyer points out that TRWH can extract more value from the 500-room hotel there than the previous owners did, and that improvements in the gaming area and food and beverage offerings could pay off for investors. The company also owns Arapahoe Park in Colorado, and earlier this year announced plans to acquire three casinos in Black Hawk, Colo. , positioning the operator to potentially benefit from the recent legalization of sports betting there. bovada casino legit Golden Nugget Casino No Deposit Bonus Hmbp Boyer lowered his price target on TRWH to from , but reiterated a “buy” rating on the stock. Wynn Resorts wants to develop a training facility for Macau’s gaming industry on the neighboring island of Hengqin.

Linda Chen, second-in-command of Wynn Resorts in Macau, wants to set up an employee training facility on Hengqin Island. (Image: Thearon W. Henderson/Getty)Wynn Macau vice chair and COO Linda Chen told Bloomberg this week that the casino operator believes the Greater Bay