2025.11.07
sunset station casino prime rib(Image: Bloomberg)Earlier this week, the Wall Street bank published a list of its top 10 rebound ideas for next year.But Goldman Sachs sees brighter days ahead for the name in 2021.VIP in 2021 — and to a lesser extent some premium mass — could be negatively impacted by continued tighter capital controls and customer and agent concerns about dealing with junkets,” said Bernstein in a new research report.casino 04When it comes to cash flow, Goldman forecasts LVS will have a 2020 free cash flow yield of negative six percent before that metric rebounds to seven percent next year and 10 percent in 2022.The LVS consistently checks the box as one of the more cash-rich gaming firms.Visitation and gross gaming revenue in Macau, the company’s most important market, is perking up.sycuan casino map how to win jackpots on slot machinesfree online poker texas hold em multiplayer“We focus on the trajectory of free cash flow, factoring in both financial profitability (Margin) and valuation (Yield).Bernstein notes five of the six Macau concessionaires achieved break-even EBITDA in October, and are on pace to do so again this month, with SJM Holdings likely to join the party by the end of the year.It is one of the two gaming names on the Goldman list.club player casino new no deposit bonus codes“LVS should see a rapid recovery in earnings before interest, taxes, depreciation and amortization (EBITDA) as it captures share in Macau due to the combination of its investment in new product (Four Seasons & the Londoner) and eBernstein notes five of the six Macau concessionaires achieved break-even EBITDA in October, and are on pace to do so again this month, with SJM Holdings likely to join the party by the end of the year.Operators potentially sensitive to weakness in VIP spendingthunder valley casino arcade include Melco Resorts & Entertainment and Wynn Macau, while rivals Galaxy Entertainment and Las Vegas Sands derive larger slices of their business from mass and premium mass patrons.encore casino gift shop draftkings casino sign in3 card poker at casinoWell-heeled gamblers playing that table game, which is beloved in Macau, drove a market share of almost 48 percent in the July through September period.“We focus on the trajectory of free cash flow, factoring in both financial profitability (Margin) and valuation (Yield).‘Rapid Recovery’LVS stock is lower by 15.It is one of the two gaming names on the Goldman list.“Longer term, we expect Macau GGR to grow at a 2 percent compound annual growth rate (CAGR)” judged over the period 2019 to 2023, driven by 6 percent CAGR in mass (in particular, premium mass) while negatively impacted by -4 percent CAGR in VIP,” according to the research firm.The other is Accel Entertainment (NYSE:ACEL), a small-cap provider of video game terminals (VGTs) in Illinois.blackjack online hit or stand running aces casino racetrack mn |