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”Because of the prefecture’s potentially late arrival to the fray, it’s not immediately clear what operators will be interested in the region or what construction costs will be. Shares of Everi Holdings (NYSE:EVRI) are higher by nearly 24 percent in midday trading Friday, making the gaming software company one of the best-performing names on the New York Stock Exchange. That rise came after Roth Capital analyst David Bain issued bullish commentary on the stock. With more casinos considering cashless transactions, Everi stands to benefit, says an as casino center blvdnalyst. chukchansi casino boxing miami club casino mobile (Image: Tribal Gaming and Hospitality Magazine)Bain initiates coverage of Everi with a “buy” rating and a price target, implying the stock will more than triple from Thursday’s close at . 66. The analyst’s note has the stock on pace for its best intraday performance since March 19. “We believe EVRI deserves the casino supplier peer-high stock multiple,” writes Bain. “Peers lack Fintech, have less earnings visibility, (heavier weighted toward one-time sales) and most have less upside optionality, in our view.
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Our sum of the parts (SOTP) analysis yields a base-case valuation of . golden nugget casino codes We see a high case of and a low case of . tycoon casino free vegas jackpot slots 50. no deposit bonus new casino 2020 Assuming Bain’s . 50 forecast proves accurate, that still means Everi would roughly double from current levels. If the more enthusiastic call winds up being correct, that means the gaming stock would more than quadruple from where it trades at this writing. Cashless MomentumIn the wake of the coronavirus, there’s significant momentum for casinos to move to cashless payments to cut down on the possible health risks associated with players handing dealers currency in exchange for chips. black hawk casino dog friendly winstar world casino free play That shift could be a boon for Everi. black bear casino free gifts “EVRI’s roughly 70% of Fintech share in North American casinos stages natural/unique add-on technologies addressing casino loyalty, current cashless floor momentum, and outside four-wall opportunities, which other gaming suppliers (and Fintech peers) simply cannot replicates casino center blvd,” said Bain.
Last month, the Nevada Gaming Commission (NGC) endorsed several rule changes that could make cashless wagering systems mainstream in the Silver State. twin river casino dreb code Everi’s CashClub Wallet expands on the old ticket-out/ticket-in technology typically used for kiosks and slot machines by allowing patrons to have winnings deposited directly into a digital wallet. That eliminates the need for gamblers to take chips or tickets to the cage for cash. resorts casino spa angel of the winds casino location Casino Quality Poker Set Qrxi Bain also points out that Everi has a recurring revenue model, while its rivals mostly rely on one-time sales. raging bull casino free no deposit bonus codes That makes revenue visibility easier to predict with Everi and murkier with competitors. Other Everi PerksIn the investment community, fintech is often viewed through the lens of disruption to traditional banking services, such as peer-to-peer transfers, credit card swiping, and investing. blackjack online html5 Mountaineer Casino Open Cssf Companies such as PayPal (NASDAQ:PYPL) and Square (NYSE:SQ) are dominant names in those arenas. Doubledown Casino View Forum Injs As such, some investors gloss over the growing


