Real Online Casino Poker 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. 70 no deposit casino bonus 6 percent January through September – a 0. 3 percent gain. Nightly room rates have increased 2. 1 percent to MOP1,357 (8. island resort and casino waterpark 10). JPMorgan believes to keep up with the expected continued increase in general public visitation to Macau, the enclave needs to add rooms. 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. bellagio casino las vegas restaurants turtle creek casino old dominion 30, Boyd earned 39 cents a share on revenue of 9. How To Get Free Chips For Doubleu Casino Jzhn 6 million. Wall Street was expecting earnings of 39 cents on turnover of 0. free casino slots for fun no download no registration 5 million. More than a quarter (2. island resort and casino gift shop 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. clearwater casino tiffany In its home market of Las Vegas, where the company operates the Aliante and the Orleans, among other casinos, revenue increased 2. black hawk casino wins 2 percent year-over-year to 3. 3 million with earnings before interest, taxes, depreciation and amortizslotocash casino bonus codes 2020ation 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. 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. how to delete raging bull casino account “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. fanduel casino odds 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. Borgata Casino Pennsylvania Zorb Germany But the company’s debt burden remains concerning. 3d slot casino oyunları bedava “As of September 30, 2019, Boyd Gaming had cash on hand of 5. Doubledown Casino Cheat Codes Dign 1 million, and total debt of . 85 billion,” said the operator of the Gold Coastslotocash casino bonus codes 2020 and Suncoast in Las Vegas. harrah s cherokee casino valet parking

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. is riverwind casino pet friendly 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. is morongo casino open yet “3Q and YTD margins of 26. Golden Nugget Casino Telephone Number Qdcv 1% (+175bp) and 26. sycuan casino birthday promotions 8% (+108bp) remain slightly behind industry leading peers. ”The analyst pared his 12-month price target on Boyd to from . el dorado casino reno buffet The stock