the nearest casino in north carolinaCOVID-19 resulted in fewer guests and overnight stays in Atlantic City last year.(Image: Bloomberg)Some analysts believe this the pullback late-arriving investors have been waiting for in the previously high-flying name.Shares of regional casino operators can rally following a challenging first quarter, according to Bank of America analysts.pechanga casino ufcLast week, Bally’s forecast first-quarter revenue that topped Wall Street estimates.That implies upside of 18.73 percent last week and is off 18.poker table games casino

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roulette casino vegas apkBut that got lost in the shuffle amid a flurry of activity, including a 0 capital raise, wrapping up the Gamesys acquisition — its largest to date — and the purchase of the Tropicana Las Vegas.9 million.Data supplied by the New Jersey Division of Gaming Enforcement reveals that Ocean’s 1,399 guestrooms were occupied last year at a rate of 84 percent.free slots online 4uBorgata was a distant second at 0.In a note to clients today, Andress reiterates an “overweight” rating on Bally’s, with a price target.But as KeyBanc’s Andress notes, the time is coming for Bally’s to show that the acquisition activity is paying off.gold coast casino poker tournaments

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poker i casinos6 percent from the April 16 close and comes as the shares reside almost 22 percent below the 52-week high.Looking ahead, we see a favorable risk/reward at current levels (land-based and Gamesys imply little credit to online sports betting/iGaming potential at current levels); however, with the majority of the puzzle pieces now in place, we believe investor focus is rightfully shifting to execution,” writes Andress.Last week, Bally’s forecast first-quarter revenue that topped Wall Street estimates.KeyBanc sees reasons to like the operator’s stock.That purchase is pivotal to Bally’s efforts to bring online spparagon casino fireworksorts betting technology in-house, which should increase margins and lower costs.The KeyBanc analyst says the Bally’s outlook highlights the operator’s strong margin management and the quickening pace of recovery at regional gaming venues.luckyland slots sweeps rules