Silver Oak Casino Free Bonus Codes ggest of spenders. But JPMorgan opined last month that Macau needs a more adequate room supply to accommodate the growing number of visitors. Tachi Palace Casino Jobs Ezsh Canada 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. paragon casino concerts 2019 6 percent January through September – a 0. riverwind casino hours 3 percent gain. black oak casino wedding venue Nightly room rates have increased 2. 1 percent to MOP1,357 (8. online slots real cash 10). JPMorgan believes to keep up with the expected continued increase in general public visitation to Macau, the enclave needs to add rooms. Big Fish Casino Settlement Update Cdkn Shares of regional casino operator Boyd Gaming Corp. (NYSE:BYD) were higher by about two percent in midday trading Wednesday, a day after the company delivered third-quarter earnings.

But some sell-side analysts are not impressed with the results. (Image: Michael Blackshire/LVR-J)For the quarter ending Sept. What Is The Payout On Double Zero Roulette Docq 30, Boyd earned 39 cents a share on revenue of 9. 6 million. Wall Street was expecting earnings of 39 cents on turnover of 0. admiral casino login us 5 million. raging bull casino online slots More than a quarter (2. 9 million) of June through September turnover was attributable to the company’s acquisitions of the Ameristar Kansas City, Ameristar St. 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. boomtown casino careers 2 percent year-over-year to 3. 3 million with earnings before interest, taxes, depreciation and amortizbest table games at casinoation per available room (EBITDAR) rising to the highest level in Sin City in 14 years.

Key Insights and Expert Analysis

While analysts weren’t overly impressed with Boyd’s third-quarter results, some liked the company’s performance among Las Vegas locals. brian christopher slots recent videos 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. We are bullish on LV Locals fundamentals and believe BYD will continue to grow despite increased competition. ”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. kiehl s mohegan sun casino 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. 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. But the company’s debt burden remains concerning. casino table game texas holdem hollywood casino jamul “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 Coastbest table games at casino and Suncoast in Las Vegas. Boulder Station Hotel And Casino Restaurants Apzq

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. fanduel disable casino “On the positive, BYD expanded margins in LVL, controlled corporate costs, and grew acquired asset EBITDA by 6% yoy,” said Beynon. seminole casino fort lauderdale “3Q and YTD margins of 26. 1% (+175bp) and 26. free slots download chumba casino app 8% (+108bp) remain slightly behind industry leading peers. ”The analyst pared his 12-month price target on Boyd to from . The stock phone number to cache creek casino