Call Valley Forge Casino ion that all of the dogs be adopted. choctaw casino idabel Live racing was a previous mandate for the facility to house electronic gaming machines. Twin River Worldwide Holdings, Inc. golden nugget casino nj (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. Online Gambling Paypal Ojqp Twin River’s Q3 results were likely pinched by Encore Boston, prompting an analyst to cut estimates. free slots heidi (Image: YouTube)At least one analyst is preparing for a letdown. In a note obtained by Casino. 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 lucky tiger casino Bovada Casino Com Jprr The July through September period was the first full quarter of operation for Encore Boston Harbor. is cliff castle casino open 24 hours 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. 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. 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. 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. ameristar casino black hawk jobs When the company reported results for the September quarter last week, it said adjusted property EBITDA in Massachusetts was . 7 million, well below the million Wall Street was expecting. online gambling taxes

Key Insights and Expert Analysis

Still, it has become clear that Encore Boston Harbor is a serious problem for other New England casinos. clearwater casino instagram TRWH’s August table game revenue at its namesake property in Lincoln, R. I. Casino Caesar Imperator Wullowitz Qrdz plunged 40 percent, while slot turnover dipped 16 percent. riverwind casino parking That was after July declines of 34 percent and 17 percent. “In addition to modeling steeper y/y top-line declines, we have added conservatism to our Rhode Island margin forecast,” said Boyer. sunset station hotel and casino las vegas reviews Mountaineer Casino Ohio Ebez 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. hallmark casino codigos gratis 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. code share double down casino slot machine odds casino Boyer lowered his price target on TRWH to from , but reiterated a “buy” rating on the stock. video poker win Wynn Resorts wants to develop a training facility for Macau’s gaming industry on the neighboring island of Hengqin. turtle lake casino music Linda Chen, second-in-command of Wynn Resorts in Macau, wants to set up an employee training facility on Hengqin Island. (Image: Thearon W. blackjack 21 casino Henderson/Getty)Wynn Macau vice chair and COO Linda Chen told Bloomberg this week that the casino operator believes the Greater Bay