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Twin River Worldwide Holdings, Inc. how to block raging bull casino emails (NYSE:TRWH), the operator of Rhode Island’s two casinos, reports third-quarter financial results Thursday after the close of US markets. can you smoke at wild horse pab casino poker casino arizona With the company already having warned about the competitive impact of Wynn Resortonline slots real money south africas’ (NASDAQ:WYNN) Encore Boston Harbor, there’s a chance TRWH’s numbers could disappoint. Twin River’s Q3 results were likely pinched by Encore Boston, prompting an analyst to cut estimates. (Image: YouTube)At least one analyst is preparing for a letdown. In a note obtained by Casino. 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. Video Poker Free Casino Games Iapy 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. Lucky Dragon Usa Net Zzvh Canada 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. free slot games for android phones chumba casino daily bonus 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. online slots real money south africaHe previously projected 2020 and 2021 Ocean State turnover of 7 million and 1 million. 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. Paragon Casino Com Qavl

When the company reported results for the September quarter last week, it said adjusted property EBITDA in Massachusetts was . lucky tiger casino avis 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. morongo casino venue Firekeepers Casino Images Sqmm I. plunged 40 percent, while slot turnover dipped 16 percent. intertops casino code That was after July declines of 34 percent and 17 percent.

“In addition to modeling steeper y/y top-line declines, we have added conservatism to our Rhode Island margin forecast,” said Boyer. Bright SpotsWhile treasure island resort casino zoominfo