2024.07.12
colorado casino table games openMassachusetts lawmakers moved an economic development bill through the Legislature this week, but it did not include sports betting. A Citi analyst cut the stock to “sell” today. And we have a lot of folks that are planning on careers with us — there are thousands of jobs related to this. casino roulette best strategyA Citi analyst cut the stock to “sell” today. And we have a lot of folks that are planning on careers with us — there are thousands of jobs related to this. Choi also lifted his price outlook on the gaming company to from . riversweeps online casino for iphone harrah s casino roomsonline gambling bovada“Adding a casino to the already famous sports Stadium District is pretty awesome. This confirmed that Choi’s “sell” call on the name is a departure from consensus.Prior to that rating being revealed today, eight analysts had bullish or very bullish grades on Wynn stock, while another eight rated the name “neutral.” Choi’s price target is nearly below the consensus of 5.93.Analysts constructive on the stock highlight break-even EBITDA at the two Macau integrated resorts in October and November while noting Wynn, usually viewed through the VIP lens, can benefit from increased traffic among mass and premium mass players.In the US, the company runs its namesake integrated resort and Encore on the Las Vegas Strip, and Encore Boston Harbor. It remains to be seen if the casino giant will up its proposal for the owner of the Ladbrokes and Coral sportsbook brands.Choi’s price forecast on MGM is well above the Wall Street consensus of .29.firekeepers inn casinoThe Citi analyst also lowered his grade on MGM Resorts International (NYSE:MGM) to “neutral” from “buy.” But he did lift his price target on the Mirage operator to from . That’s unlikely to draw much fanfare among investors because the stock flirts with at this writing.Choi says enthusiasm for the proposed Entain Plc (OTC:GMVHY) acquisition is already priced into MGM stock.On Monday, the Bellagio operator made an .06 billion bid for its partner in the BetMGM business. But the British company reseminole casino menujected the offer, saying it undervalues the firm. thunder valley casino lincoln ca 4 deck blackjackeldorado casino in reno nevada“Adding a casino to the already famous sports Stadium District is pretty awesome. But the British company reseminole casino menujected the offer, saying it undervalues the firm. Massachusetts lawmakers moved an economic development bill through the Legislature this week, but it did not include sports betting. That’s about below where the shares currently trade.With its Macau subsidiary’s high exposure to VIPs, it’s hard to justify the 12.4x 2-year forward enterprise value/earnings before interest, taxes, depreciation and amortization (EBITDA) multiple that it’s currently trading at,” said Choi.The analyst is positive on Macau’s recovery trajectory, which is integral to the Wynn equity thesis because the Chinese territory is the operator’s largest market. But Wynn Resorts (NASDAQ:WYNN) is enduring that fate today at the hands of Citi. (Image: John Locher/AP)In a note to clients today, Citi analyst George Choi pared his rating on the Encore operator to “sell” from “buy.” This is a double downgrade because it skipped over a “neutral” grade. golden nugget casino on fremont street live casino 2020 |