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”Because of the prefecture’s potentially late arrival to the fray, it’s not immediately clear what operators will be interested in the region or what construction costs will be. Shares of Everi Holdings (NYSE:EVRI) are higher by nearly 24 percent in midday trading Friday, making the gaming software company one of the best-performing names on the New York Stock Exchange. That rise came after Roth Capital analyst David Bain issued bullish commentary on the stock. With more casinos considering cashless transactions, Everi stands to benefit, says an a99 slot machine casinonalyst. (Image: Tribal Gaming and Hospitality Magazine)Bain initiates coverage of Everi with a “buy” rating and a price target, implying the stock will more than triple from Thursday’s close at . bellagio casino interior Fanduel Casino Table Games Wpii 66. chumba casino terms and conditions The analyst’s note has the stock on pace for its best intraday performance since March 19. no deposit bonus casino offers “We believe EVRI deserves the casino supplier peer-high stock multiple,” writes Bain. “Peers lack Fintech, have less earnings visibility, (heavier weighted toward one-time sales) and most have less upside optionality, in our view. black hawk casino open

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Our sum of the parts (SOTP) analysis yields a base-case valuation of . We see a high case of and a low case of . 50. Assuming Bain’s . 50 forecast proves accurate, that still means Everi would roughly double from current levels. river spirit casino golf If the more enthusiastic call winds up being correct, that means the gaming stock would more than quadruple from where it trades at this writing. pechanga casino fireworks 2020 free casino slots to download Cashless MomentumIn the wake of the coronavirus, there’s significant momentum for casinos to move to cashless payments to cut down on the possible health risks associated with players handing dealers currency in exchange for chips. Yahoo Free Casino Slot Games Ahkl That shift could be a boon for Everi. “EVRI’s roughly 70% of Fintech share in North American casinos stages natural/unique add-on technologies addressing casino loyalty, current cashless floor momentum, and outside four-wall opportunities, which other gaming suppliers (and Fintech peers) simply cannot replicate99 slot machine casino,” said Bain.

Last month, the Nevada Gaming Commission (NGC) endorsed several rule changes that could make cashless wagering systems mainstream in the Silver State. Everi’s CashClub Wallet expands on the old ticket-out/ticket-in technology typically used for kiosks and slot machines by allowing patrons to have winnings deposited directly into a digital wallet. scarlet pearl casino location That eliminates the need for gamblers to take chips or tickets to the cage for cash. 4 kings slots casino no deposit bonus codes How To Win On Roulette Table Cmml Australia Bain also points out that Everi has a recurring revenue model, while its rivals mostly rely on one-time sales. That makes revenue visibility easier to predict with Everi and murkier with competitors. Other Everi PerksIn the investment community, fintech is often viewed through the lens of disruption to traditional banking services, such as peer-to-peer transfers, credit card swiping, and investing. chumba casino daily bonus Companies such as PayPal (NASDAQ:PYPL) and Square (NYSE:SQ) are dominant names in those arenas. As such, some investors gloss over the growing

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