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The vote, however, remains the subject of a federal lawsuit. Tachi Palace Casino Reopening Xvzx Greyhound racing is also poised for termination in Arkansas. Southland Casino Racing has been home to greyhound races since 1956, but that will end by December 31, 2022. casino slot 69 Casino Quality Roulette Wheel For Sale Mdes Arkansas voters legalized commercial gambling in November 2018. The vote gave permission to Southland and the thoroughbred racino Oaklawn to transition into full-fledged casinos with slot machines and table games. Southland petitioned the Arkansas Racing Commission to end greyhound racing, and the state agency approved the request on condition that all of the dogs be adopted. free slots online no download Live racing was a previous mandate for the facility to house electronic gaming machines.

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Twin River Worldwide Holdings, Inc. (NYSE:TRWH), the operator of Rhode Island’s two casinos, reports third-quarter financial results Thursday after the close of US markets. With the company already having warned about the competitive impact of Wynn Resortfree online governor of poker 2s’ (NASDAQ:WYNN) Encore Boston Harbor, there’s a chance TRWH’s numbers could disappoint. casino grade roulette table Twin River’s Q3 results were likely pinched by Encore Boston, prompting an analyst to cut estimates. Winstar World Casino New Years Eve Irga (Image: YouTube)At least one analyst is preparing for a letdown. In a note obtained by Casino. Harrah S Casino Rewards Rfie org, Stifel analyst Brad Boyer lowered current and “out year” Rhode Island earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue forecasts on Twin River to more accurately reflect the effects of Encore Boston Harbor.

Boyer said Ocean State-issued data indicate third-quarter gross gaming revenue (GGR) declined nine percent at the Twin River and Tiverton casinos. The July through September period was the first full quarter of operation for Encore Boston Harbor. Furthermore, based on WYNN’s reported results and comments from others operating in the market, we sense WYNN’s promotional spend, particularly with respect to its slot business, has remained elevated, an outcome that will likely have negative ramifications for TRWH’s margin performance over the next several quarters,” said the analyst. Boyer now expects TRWH’s home state third and fourth-quarter revenue to decline by 15 percent, compared with prior forecasts calling for drops of seven percent and five percent, respectively. santa ana casino drive thru lights For 2020 and 2021, the analyst expects Twin River to post Rhode Island revenue and EBITDA of 8 million and 0 million and 2 million and 5 million. free online governor of poker 2He previously projected 2020 and 2021 Ocean State turnover of 7 million and 1 million. aliante casino movies showtimes Encore Boston Has Its Own IssuesWhile Wynn’s lone New England casino has become the region’s dominant gaming venue since opening in late June, the 5 million in third-quarter revenue generated there implies the property will miss its first-year GGR forecast of 0 million.

When the company reported results for the September quarter last week, it said adjusted property EBITDA in Massachusetts was . 7 million, well below the million Wall Street was expecting. Still, it has become clear that Encore Boston Harbor is a serious problem for other New England casinos. TRWH’s August table game revenue at its namesake property in Lincoln, R. I. plunged 40 percent, while slot turnover dipped 16 percent. resorts casino logo That was after July declines of 34 percent and 17 percent. when will draftkings casino be legal in michigan

“In addition to modeling steeper y/y top-line declines, we have added conservatism to our Rhode Island margin forecast,” said Boyer. online gambling apps Bright SpotsWhile