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JPMorgan believes to keep up with the expected continued increase in general public visitation to Macau, the enclave needs to add rooms. Lucky Tiger Casino Ndb Codes Whmn Shares of regional casino operator Boyd Gaming Corp. raging bull casino australia blackjack online with real money (NYSE:BYD) were higher by about two percent in midday trading Wednesday, a day after the company delivered third-quarter earnings. hollywood casino york addreb But some sell-side analysts are not impressed with the results. (Image: Michael Blackshire/LVR-J)For the quarter ending Sept. 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. 5 million.

Key Insights and Expert Analysis

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. thunder valley casino shuttle 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. valley forge casino comedy casino virginia beach wild casino new player bonus 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.

We are bullish on LV Locals fundamentals and believe BYD will continue to grow despite increased competition. lake tahoe casinos hours ”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. Is Encore Casino Smoke Free Pyqm 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. sycuan casino new years eve A significant part of the bullish thesis on the stock this year has been the company’s ability to increase free cash flow (FCF). Online Slots Real Money South Africa Book Of Ra Beynon believes Boyd can generate 0 million in discretionary FCF by the end of this year. chukchansi casino elevation But the company’s debt burden remains concerning. “As of September 30, 2019, Boyd Gaming had cash on hand of 5. boomtown casino reservations 1 million, and total debt of . red stag online casino instant play 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. mountaineer casino offer code 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. casino caesar imperator wullowitz 1% (+175bp) and 26. Restaurants At Angel Of The Winds Casino Xpxb 8% (+108bp) remain slightly behind industry leading peers. bicycle casino job openings ”The analyst pared his 12-month price target on Boyd to