viejas casino fireworks 2020Riley analyst David Bain initiates coverage on the Strat operator today with a “buy” rating and a 12-month price target of .”Las Vegas-based Boyd operates 28 gaming venues across 10 states, including 11 in its home market.Golden Stock Loving Las Vegas LocalsAs is the case with many smaller gaming operators, Golden Entertainment is heavily dependent on local traffic.mgm grand casino sports bookIn Sin City, Boyd is the largest operator downtown, and derives a significant chunk of its revenue from the resurgent Las Vegas locals (LVLs) segment.In Sin City, Boyd is the largest operator downtown, and derives a significant chunk of its revenue from the resurgent Las Vegas locals (LVLs) segment.The remainder derived from the operator’s casinos in the Midwest and the South.sycuan casino cabana

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golden nugget casino online no deposit bonusHe adds that as leverage decreases, Boyd could resume its dividend, which was suspended last year because of the pandemic, or seek out “accretive” merger and acquisition opportunities later this year.Bain notes the company generates 85 percent of its revenue from the LVL segment and is the dominant forceMacquarie’s Beynon notes the operator’s market share in that part of the city is currently 10 percent, compared to a pre-pandemic clip of 25 percent.is hard rock casino 24 7Looming Online CatalystsWhile Boyd isn’t the name many investors think of when it comes to online sports betting, the company has levers in that arena via its five percent ownership of FanDuel – a trait some analysts believe isn’t accurately reflected in Boyd stock.In the first quarter, LVLs and Boyd’s downtown venues combined for 35 percent of earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR).April results have carried over from March, and hotel reservations are at the highest levels in the last year.soaring eagle casino photos

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casino at valley forgeThat implies upside of 11.Golden Stock Loving Las Vegas LocalsAs is the case with many smaller gaming operators, Golden Entertainment is heavily dependent on local traffic.Looming Online CatalystsWhile Boyd isn’t the name many investors think of when it comes to online sports betting, the company has levers in that arena via its five percent ownership of FanDuel – a trait some analysts believe isn’t accurately reflected in Boyd stock.From an online standpoint, Boyd’s FanDuel partnership and proprietary iGaming launch (this quarter) should lead to positive EBITDA of million in 2021,” said Beyon.Sources of Strength for Boyd StockMounting signs that Las Vegas locals are getting coronavirus vaccines and eager to return to their favorite casinos, coupled with Boyd’s enviable perch in serving that demographic, is a catalyst for the shares.We believe GDEN’s locals-based gaming and entertainment portfolio uniquely and acutely correlates with short-/long-term growth drivers, though its stock valuation is over 3 turns below peers,” said the B.best real money pa online casino