Oxford Casino 250k Giveaway ggest of spenders. But JPMorgan opined last month that Macau needs a more adequate room supply to accommodate the growing number of visitors. The SAR is home to nearly 38,000 rooms, compared to Las Vegas’s 150,000. 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. morongo casino jingle 1 percent to MOP1,357 (8. gold coast casino movies

10). JPMorgan believes to keep up with the expected continued increase in general public visitation to Macau, the enclave needs to add rooms. draftkings casino welcome bonus Shares of regional casino operator Boyd Gaming Corp. firekeepers casino 400 predictions 2021 (NYSE:BYD) were higher by about two percent in midday trading Wednesday, a day after the company delivered third-quarter earnings. Phone Number For Double Down Casino Hdhw But some sell-side analysts are not impressed with the results. cashman casino hack apk (Image: Michael Blackshire/LVR-J)For the quarter ending Sept. choctaw casino map 30, Boyd earned 39 cents a share on revenue of 9. silver oak online casino no deposit codes 6 million. little river casino win lob statement

Key Insights and Expert Analysis

Wall Street was expecting earnings of 39 cents on turnover of 0. 5 million. Sam S Town Casino Las Vegas Reviews Dyve More than a quarter (2. casino militar santa ana 9 million) of June through September turnover was attributable to the company’s acquisitions of the Ameristar Kansas City, Ameristar St. harrah s cherokee casino directions 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. 3 million with earnings before interest, taxes, depreciation and amortizis raging bull casino available in australiaation per available room (EBITDAR) rising to the highest level in Sin City in 14 years.

While analysts weren’t overly impressed with Boyd’s third-quarter results, some liked the company’s performance among Las Vegas locals. 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. “Orleans and Aliante remained the stars in the quarter. online slots 10 free Free Slots Games Online No Download Hzhs We are bullish on LV Locals fundamentals and believe BYD will continue to grow despite increased competition. cliff castle casino hotel phone number ”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. 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. desert diamond casino zoominfo 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. blackjack online 1v1 slot casino free games Raging Bull Casino Cashier Weix

But the company’s debt burden remains concerning. “As of September 30, 2019, Boyd Gaming had cash on hand of 5. 1 million, and total debt of . 85 billion,” said the operator of the Gold Coastis raging bull casino available in australia 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. the golden nugget casino in lake charles louisiana 8% (+108bp) remain slightly behind industry leading peers. ”The analyst pared his 12-month price target on Boyd to