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2024.07.18
online casino that pays real money(Image: Shutterstock)Marc of EDGe Vegas broke the MGM rumors on TwitteIt might become more expensive to stay at the Bellagio should MGM Resorts again raise the property’s resort fee. The company said there are about 5.6 million gaming age adults within a 90-minute drive of the Everett, Mass. fanduel diamond jo casinoIt might become more expensive to stay at the Bellagio should MGM Resorts again raise the property’s resort fee. The company made some encouraging comments at its investor day on July 10. As for buybacks, Wynn described its methodology there as “opportunistic rather than programmatic.”Betting On Boston, Expansion OpportunitiesEncore Boston Harbor is widely viewed as integral to Wynn Resorts’ efforts to diversify its revenue mix away from Macau. coushatta casino dining choctaw casino durant concertsbovada casino telephone numberThe company said there are about 5.6 million gaming age adults within a 90-minute drive of the Everett, Mass. Wynn said a slowdown in the Chinese economy and lingering softness among high rollers could hinder its Macau growth.In its home market of Lharrah s casino valley centeras Vegas, Wynn highlighted an improving baccarat business, enhanced US casino initiatives, and the 2020 debut of the NFL’s Raiders in Sin City as potential upside drivers there through 2021.The inverted yield curve correctly forecasts recession and macro drives continued suppression of baccarat,” could be downside risks for Wynn in Las Vegas over the next two years.An inverted yield curve occurs when the yield on three-month T-bills moves above the yield on 10-year Treasuries, a condition that has been in place nearly two months. Wynn also said it sees capital expenditures declining to 5 million by 2021 from .2 billion this year.Looking out to 2021, the gaming company highlighted a number of factors that could affect performance in its three marquee markets: Macau, Las Vegas, and Boston.In Macau, a market that accounted for three-quarters of Wynn’s 2018 operating revenue, the company cites a recovery in its share of VIPs, increased percentage of the mass market, and positive broader economic conditions as potential growth drivers over the next two years. hollywood casino ohioMGM Resorts is rumored to be considering increasing its resort fees at three Las Vegas casinos. (Image: Shutterstock)Marc of EDGe Vegas broke the MGM rumors on Twitte(Image: Las Vegas Review-Journal).The company made the comments at its annual analyst and investor day held from the recently opened Encore Boston Harbor. club player casino coupon codes twin river casino hotelno deposit drake casinoThe venue along the Mystic River has 3,158 slot machines, 143 table games, and 88 poker tables. As for buybacks, Wynn described its methodology there as “opportunistic rather than programmatic.”Betting On Boston, Expansion OpportunitiesEncore Boston Harbor is widely viewed as integral to Wynn Resorts’ efforts to diversify its revenue mix away from Macau. Capital spending for 2021 is forecast at 5 million, all of which appears devoted to general maintenance, according to a slide deck given to analysts and investors.The Encore Boston Harbor owner is also projecting a massive increase in free cash flow (FCF) over the next two years. Noting that “FCF inflection is imminent,” Wynn said its 2021 discretionary FCF target is .68 billion, or per share. harrah s casino valley center If the company gets anywhere close to a share in FCF, it would likely be good for one of the best marks in the casino industry.As for shareholder rewards, Wynn noted its quarterly dividend has doubled to a share from 50 cents in the fourth quarter of 2017 and that it repurchased 7 million worth of its own stock in the last three months of 2018.The company said it is focusing on “sustainable dividends” and that it will “selectively consider” special payouts. casino.As for expansion efforts, the Wynn presentation indicates spending will be focused on Macau and the Japan integrated resort effort, but the company could “selectively evaluate M&A (mergers and acquisitions) opportunities” as loharrah s casino valley centerng as those deals consist of “irreplaceable IRs in gateway cities” and “drive equity value.”Capital spending for 2021 is forecast at 5 million, all of which appears devoted to general maintenance, according to a slide deck given to analysts and investors.The Encore Boston Harbor owner is also projecting a massive increase in free cash flow (FCF) over the next two years. table games at coushatta casino online cash poker games |