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Key Insights and Expert Analysis
Charles, Missouri. The company is a top regional gaming pick from BofA analyst Shaun Kelley. (Image: St. Louis Post-Dispatch)In a note to clients today, analyst Shaun Kelley said regional gaming firms offer the best fundamentals in the industry. seven feathers casino near me Choctaw Casino Yelp Pvfe It’s a mix bolstered not only by strong demand in the reopening phase, but improving margins and the oft-cited sports betting catalyst. seven feathers casino employment sunset station casino facebook Over 70 percent of all casinos are now open and the early trends are encouraging,” wrote Kelley. The analyst also highlighted a “substantial rebound” in demand trends in select states, with some data points blowing out to new records in Arkansas, Kansas and Louisiana, just to name a few. casino extreme no deposit bonus codes today Boyd Gaming, one of Kelley’s buy-rated names, owns a combined six gaming properties in Kansas and Louisiana. Free Casino Slots To Download Vpyt Penn National, which the analyst recently dubbed his preferred pick in the sector, operates several venupechanga casino golfes across both states, and the Pelican State is one of the company’s most important markets in terms of percentage of generated revenue.
Bad News in Good NewsAnalysts’ preference for regional names was a prominent theme during the COVID-19 shutdown. foxwoods resort casino two trees inn The market observers speculated visitors would be more eager to return to local gaming properties than they would be to hop on planes to fly to destination markets, such as Las Vegas. Some company-specific commentary support that thesis. Earlier this week, Caesars Entertainment (NASDAQ:CZR) provided a reopening update, saying revenue at its restarted Nevada properties plunged on a year-over-year basis. But Caesars also said that its regional venues that recently came back online had flat to modestly higher turnover. Kelley notes operators are saying margins are poised to be “meaningfully higher in the post-reopening months. ” Some of that is being driven by reduced marketing expenses and the elimination of some lower profit amenities,


