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”Because of the prefecture’s potentially late arrival to the fray, it’s not immediately clear what operators will be interested in the region or what construction costs will be. coushatta casino 20 miles Shares of Everi Holdings (NYSE:EVRI) are higher by nearly 24 percent in midday trading Friday, making the gaming software company one of the best-performing names on the New York Stock Exchange. That rise came after Roth Capital analyst David Bain issued bullish commentary on the stock. With more casinos considering cashless transactions, Everi stands to benefit, says an ablack lotus codesnalyst. Admiral Casino 777 Zxkm (Image: Tribal Gaming and Hospitality Magazine)Bain initiates coverage of Everi with a “buy” rating and a price target, implying the stock will more than triple from Thursday’s close at . 66. The analyst’s note has the stock on pace for its best intraday performance since March 19. Draftkings Casino In Az Rnan “We believe EVRI deserves the casino supplier peer-high stock multiple,” writes Bain. casino 777 games cliff castle casino new years eve 2020 “Peers lack Fintech, have less earnings visibility, (heavier weighted toward one-time sales) and most have less upside optionality, in our view. nearest casino branson mo casino extreme no deposit bonus 2020

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Our sum of the parts (SOTP) analysis yields a base-case valuation of . We see a high case of and a low case of . 50. Assuming Bain’s . admiral casino payout times 50 forecast proves accurate, that still means Everi would roughly double from current levels. royal ace casino 25 free spins If the more enthusiastic call winds up being correct, that means the gaming stock would more than quadruple from where it trades at this writing. Cashless MomentumIn the wake of the coronavirus, there’s significant momentum for casinos to move to cashless payments to cut down on the possible health risks associated with players handing dealers currency in exchange for chips. borgata casino floor layout That shift could be a boon for Everi. “EVRI’s roughly 70% of Fintech share in North American casinos stages natural/unique add-on technologies addressing casino loyalty, current cashless floor momentum, and outside four-wall opportunities, which other gaming suppliers (and Fintech peers) simply cannot replicateblack lotus codes,” said Bain.

Last month, the Nevada Gaming Commission (NGC) endorsed several rule changes that could make cashless wagering systems mainstream in the Silver State. black lotus casino.com Everi’s CashClub Wallet expands on the old ticket-out/ticket-in technology typically used for kiosks and slot machines by allowing patrons to have winnings deposited directly into a digital wallet. That eliminates the need for gamblers to take chips or tickets to the cage for cash. Bain also points out that Everi has a recurring revenue model, while its rivals mostly rely on one-time sales. That makes revenue visibility easier to predict with Everi and murkier with competitors. Other Everi PerksIn the investment community, fintech is often viewed through the lens of disruption to traditional banking services, such as peer-to-peer transfers, credit card swiping, and investing. mgm grand casino springfield mab Companies such as PayPal (NASDAQ:PYPL) and Square (NYSE:SQ) are dominant names in those arenas. borgata online casino app pa Riverwind Casino Bingo Qnip Switzerland As such, some investors gloss over the growing intersection between

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