Hallmark Casino Complaints ion that all of the dogs be adopted. bicycle casino update Live racing was a previous mandate for the facility to house electronic gaming machines. G Casino Blackjack Nlaq Twin River Worldwide Holdings, Inc. (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. Twin River’s Q3 results were likely pinched by Encore Boston, prompting an analyst to cut estimates. (Image: YouTube)At least one analyst is preparing for a letdown. Four Winds Casino Wedding Dbfd In a note obtained by Casino. river spirit casino location Lucky Creek Casino Bonus Qzwk 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. online casinos The July through September period was the first full quarter of operation for Encore Boston Harbor. 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 severalpechanga casino gas station 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. island view casino covid 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. black oak casino open 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. island resort and casino concert

Key Insights and Expert Analysis

Still, it has become clear that Encore Boston Harbor is a serious problem for other New England casinos. online gambling on sports miami club casino promotions TRWH’s August table game revenue at its namesake property in Lincoln, R. free caesars slots online blackjack 21+3 Are Casinos Open In Vegas Twcu Denmark I. borgata online casino pennsylvania plunged 40 percent, while slot turnover dipped 16 percent. 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. mgm casino entry fee ruby link slots Bright SpotsWhile its home state has been problematic for TRWH, there are some bright spots for tpechanga casino gas stationhe company, including its Dover Downs property in Delaware. 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. clearwater casino to bainbridge ferry The company also owns Arapahoe Park in Colorado, and earlier this year announced plans to acquire three casinos in Black Hawk, Colo. black oak casino games

, positioning the operator to potentially benefit from the recent legalization of sports betting there. Boyer lowered his price target on TRWH to from , but reiterated a “buy” rating on the stock. Wynn Resorts wants to develop a training facility for Macau’s gaming industry on the neighboring island of Hengqin. Linda Chen, second-in-command of Wynn Resorts in Macau, wants to set up an employee training facility on Hengqin Island. (Image: Thearon W. Henderson/Getty)Wynn Macau vice chair and COO Linda Chen told Bloomberg this week that the casino operator believes the bet rivers casino games