viejas casino oak ballroom(NYSE: TRWH) — the owner of two Rhode Island casinos — say they will spend up to 0 million repurchasing the company’s own stock and paying out dividends. The Lake Tahoe home of casino pioneer William Harrah was once the hottest invite for Hollywood’s A-list celebs. As is the case with some other gaming companies, the stock is beloved by some hedge funds. slot casino asiaThat is inline with the dividend yield of 1.30 percent on the Russell 2000 Index, a widely followed gauge of small-cap equities. For example, Leon Cooperman’s Omega Advisors family office bought 1.2 million Twin River shares in the first quarter.Twin River Holdings has been public just over two months and is already paying a dividend. golden nugget casino atlantic city nj

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where is running aces casinoAdditionally, share buyback initiatives trim the number of freely floating stock a company has, thereby reducing its dividend expense while boosting its earnings per share.Twin River expects to fund any share repurchases and dividends from existing capital resources,” a company statement said.Translation: the casino operator is not selling corporate debt to fund its shareholder reward efforts, another positive sign.At the end of the first quarter, the owner of Arapahoe Park Racetrack in Aurora, Colorado had 3 million in cash on hand, up from .58 million at the end of last year, and debt of 1.2 million.How Twin River Stacks UpThree of the four largest US casino operators are dividend payers, with Las Vegas Sands (NYSE: LVS) sporting the heftiest yield at 5.40 percent.New to the dividend game, Twin River has a long wariver spirit casino suitey to enter LVS payout territory, but the Dover Downs operator’s payout compares well with some other regional gaming firms.At 10 cents a share per quarter, Twin River’s dividend is inline with that of Red Rock Resorts Inc. (Image: Steven Senne / AP)The Rhode Island-based company is starting a quarterly payout of 10 cents a share, which will be paid on July 23 to those who are shareholders of record by July 9.Twin River listed on the New York Stock Exchange just over two months ago and is engaging in shareholder rewards far more rapidly than most new companies do. (NYSE: BYD) recently boosted its payout.“Twin River expects to review its dividend not less frequently than annually,” the company said in a statement.Shares of Twin River are up 1.44 percent year-to-date. hallmark casino sign inWith a market capitalization of .25 billion, Twin River is, briver spirit casino suitey definition, a small-cap stock.Betting On ItselfTwin River, which owns a casino by the same name in Lincoln, Rhode Island and the Tiverton Casino Hotel in the same state, can be seen as betting on itself with the new capital return programs.The operator of gaming properties in Delaware and Mississippi, in addition to its Rhode Island venues, Twin River has 41 million shares outstanding, meaning its annual dividend expense will be .4 million, based on an annual payout of 40 cents a share.Unveiling a share repurchase program is another positive sign for Twin River investors, because companies typically do this when they see value in their own stock. For example, Leon Cooperman’s Omega Advisors family office bought 1.2 million Twin River shares in the first quarter.(NASDAQ: RRR) and above the seven cents per share to which Boyd Gaming Corp. free slot machines nz

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casino slot machine online spielen kostenlosTwin River Holdings has been public just over two months and is already paying a dividend. Twin River Holdings has been public just over two months and is already paying a dividend. That is inline with the dividend yield of 1.30 percent on the Russell 2000 Index, a widely followed gauge of small-cap equities. The Lake Tahoe home of casino pioneer William Harrah was once the hottest invite for Hollywood’s A-list celebs. That is inline with the dividend yield of 1.30 percent on the Russell 2000 Index, a widely followed gauge of small-cap equities. (NYSE: BYD) recently boosted its payout.“Twin River expects to review its dividend not less frequently than annually,” the company said in a statement.Shares of Twin River are up 1.44 percent year-to-date. d casino pool