Black Oak Casino Entertainment ggest of spenders. But JPMorgan opined last month that Macau needs a more adequate room supply to accommodate the growing number of visitors. boomtown casino open 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. seneca niagara casino menu 3 percent gain. 100 free casino slot games 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. 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. sycuan casino telephone number 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. sunset station casino gym 5 million. 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. Charles, Belterra Resort, Belterra Park and Valley Forge Casino Resort. lucky creek casino promotions In its home market of Las Vegas, where the company operates the Aliante and the Orleans, among other casinos, revenue increased 2. morongo casino video poker encore casino for sale 2020 Poker Online Free Espanol Jqwj Austria 2 percent year-over-year to 3. social casino poker games No Deposit Online Casino Free Spins Qejt 3 million with earnings before interest, taxes, depreciation and amortizbest table games at casinoation 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. mgm grand casino spa 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. cache creek casino coronavirus 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. choctaw casino games santa ana casino club

But the company’s debt burden remains concerning. doubledown casino promo codes game hunter “As of September 30, 2019, Boyd Gaming had cash on hand of 5. 1 million, and total debt of . Cache Creek Casino Phone Number Yhil 85 billion,” said the operator of the Gold Coastbest table games at casino 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. Beynon did slightly boost his 2021 EBITDA projection to 1 million from 7 million. lucky creek casino complaints 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. 7 Roulette Wheel Hhcs

“On the positive, BYD expanded margins in LVL, controlled corporate costs, and grew acquired asset EBITDA by 6% yoy,” said Beynon. how to play the roulette table at the casino “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