2024.07.12
casino near me flagstaff The Alabama House of Representatives chamber floor is in session above. Bain’s new price target implies upside of almost 68 percent from where the casino stock closed on Thursday.Going with Golden StockLas Vegas-based Golden operates 10 casinos, nine of which are in Southern Nevada, including the Strat. Outside the Strat Las Vegas. doubledown casino chipsRiley analyst David Bain reiterates a “buy” rating, while upping his price forecast on Golden to from . Even with that significant percentage, the analyst argues the operator’s locals exposure is “underappreciated” by the investment community.“LVL and regional play is benefiting from near-term and long-term drivers, including increasing capacity allowances and the vaccine rollout working a return of a core older demographic,” said Bain.Golden: ‘More Special’Owing to impressive margin expansion, rising vaccination levels, and pent-up demand, there’s no shortage of enthusiasm for regional gaming equities. Operator Golden Entertainment is soaring today. riverwind casino sports book gta v casino heist payoutnearest casino to charleston scBut it’s noteworthy in this case because it was barely more than a week ago when Bain initiated coverage on the casino operator with a projection.We believe shares are staged to significantly reset higher, with 2023 enterprise value/earnings before interest, taxes, depreciation and amortization (EBITDA) 6.4x versus peers at 10x and a free cash flow (FCF) per share valuation less than half comparables,” said the analyst.Gaming equities are broadly higher Friday, but Golden club player casino 100 no deposit bonus codes 2021is the standout. That venue generated record EBITDA in the first quarter.While the operator has a heavy footprint in its home state, it’s not dependent on Strip traffic and trends. (Image: AL.com)Senate Bill 319 passed the Alabama Senate last month by a 23-9 vote. 5 dragons free slotsEverybody was just really upset at the way things were,” House Speaker Mac McCutcheon (R-District 25) told reporters. The odds are lengthening for Alabama voters being asked next November if they want to legalize a state-run lottery and add more casinos, including full-scale gaming with traditional slot machines and table games. Riley analyst David Bain reiterates a “buy” rating, while upping his price forecast on Golden to from . santa ana star casino light show casino zagreb pokeroxford casino yelp(Image: AL.com)Senate Bill 319 passed the Alabama Senate last month by a 23-9 vote. But the gaming expansion package has been met with much more controversy in the state’s lower legislative chamber. “Further, the introduction of the Raiders, new Strip capacity, and strong housing values correlate to make GDEN’s portfolio more ‘special’ than other regional casino companies, in our view.”Almost currently isn’t factored into the Golden stock price, according to Bain. Bain’s new price target implies upside of almost 68 percent from where the casino stock closed on Thursday.Going with Golden StockLas Vegas-based Golden operates 10 casinos, nine of which are in Southern Nevada, including the Strat. Outside the Strat Las Vegas. The Alabama House of Representatives chamber floor is in session above. mgm grand casino oxon hill maryland seminole casino immokalee |