Riverwind Casino Employment ggest of spenders. mohegan sun ct casino But JPMorgan opined last month that Macau needs a more adequate room supply to accommodate the growing number of visitors. gold coast casino mibibippi 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. online casino real money gambling viejas casino alpine california Nightly room rates have increased 2. 1 percent to MOP1,357 (8.

10). JPMorgan believes to keep up with the expected continued increase in general public visitation to Macau, the enclave needs to add rooms. sunset station hotel casino bingo 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. live casino in maryland (Image: Michael Blackshire/LVR-J)For the quarter ending Sept. 30, Boyd earned 39 cents a share on revenue of 9. 6 million.

Key Insights and Expert Analysis

Wall Street was expecting earnings of 39 cents on turnover of 0. 5 million. winstar world casino near me 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. encore casino wiki Charles, Belterra Resort, Belterra Park and Valley Forge Casino Resort. no deposit bonus red dog casino In its home market of Las Vegas, where the company operates the Aliante and the Orleans, among other casinos, revenue increased 2. island view casino lunch buffet 2 percent year-over-year to 3. 3 million with earnings before interest, taxes, depreciation and amortizonline casino 0900ation per available room (EBITDAR) rising to the highest level in Sin City in 14 years. when is angel of the winds casino opening

While analysts weren’t overly impressed with Boyd’s third-quarter results, some liked the company’s performance among Las Vegas locals. sycuan casino phone 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. golden nugget casino mibibippi shooting “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. 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. keluaran mgm casino 4d “As of September 30, 2019, Boyd Gaming had cash on hand of 5. Intertops Casino Ndb 2021 Bnxe 1 million, and total debt of . 85 billion,” said the operator of the Gold Coastonline casino 0900 and Suncoast in Las Vegas. free online quick hits slots no download Viejas Casino Blackjack Qhpe 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. Brian Christopher Slots Rudies Hsln Australia 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. live casino hotel rooms

“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. 8% (+108bp) remain slightly behind industry leading peers. ”The analyst pared his 12-month price target on Boyd to from . The stock trades around . 50 Blackjack Casino Definition Gjeb