2024.07.18
all hallmark casino bonus codesAmerican Gaming Association (AGA) President Bill Miller says the next five years could be more important – and perhaps more exciting – for the gaming industry than the last three decades combined. Operators there said gross gaming revenue (GGR) rose nearly six percent last month to .96 billion.China, Other CatalystsAs Casino.org reported Monday, shares of US casino operators with Macau exposure, including Wynn, rallied on news of thawing trade tensions between the US and China. “We believe that our thesis maintains merit, which is predicated on an inflection in the Chinese macro economy as the year progresses.”Wynn is heavily dependent on Macau, the lone region in China where gambling is legal, as a driver of its revenue. wild luck casinoThe legislation would have put the issue before voters during this fall’s gubernatorial election.AGA boss Bill Miller believes the next half-decade will see Las Vegas continue to bring new non-gaming visitors to town. Wynn Macau. wild goose casino ellensburg free casino 5 line slotsonline casino 40 super hot(Image: Booking.com)In a recent note provided to Casino.org, the analyst revised his 2019 earnings per share (EPS) estimate on the owner of the Wynn and Encore in Las Vegas to .37 from while trimming his 2020 EPS estimate to .65 from .30. (NASDAQ:WYNN), but remains bullish on the stock. However, the Louisiana Department of Revenue says it’s likely in the neighborhood of million to million.Harrah’s New Orleans reported gross gaming revenue (GGR) of 9 million in its last fiscal year (July 1, 2018 – May 31, 2019). casino zia parkDavid Katz of Jefferies, one of the most widely followed gaming and leisure analysts on Wall Street, pared earnings estimates and his price target on shares of Wynn Resorts, Lonline casino real money singaporetd. The recently opened .6 billion Encore Boston Harbor, the company’s first US property not in Las Vegas, could help in the quest to broaden revenue horizons.Encore Boston Harbor, the first US casino in a large metropolitan area, could eventually become the dominant New England gaming venue and one of the most profitable regional casinos in the country, according to some analysts.In a base case scenario, Jefferies’ Katz sees the Everett, Massachusetts property adding million in earnings before interest, taxes, depreciation and amortization (EBITDA) to Wynn this year and 7 million in 2020.Near-Term IssuesWynn holds an analyst meeting next week and it is expected the company will provide clarity on issues ranging from Macau to the Encore Boston Harbor opening and perhaps offer comments on acquisition opportunities as well as plans to return capital to investors.In May, the company raised its quarterly dividend to a share from 75 cents, but it has not recently announced plans to buyback any of its stock.Wynn’s “capital allocation strategy has become less clear, given the endeavours to acquire and divest assets since our upgrade,” said Katz. AGA boss Bill Miller believes the next half-decade will see Las Vegas continue to bring new non-gaming visitors to town. online casino 20 minimum deposit directions to scarlet pearl casino in biloxi mibibippidoes cliff castle casino have bingo(Image: American Gaming AsDavid Katz of Jefferies, one of the most widely followed gaming and leisure analysts on Wall Street, pared earnings estimates and his price target on shares of Wynn Resorts, Lonline casino real money singaporetd. “We believe that our thesis maintains merit, which is predicated on an inflection in the Chinese macro economy as the year progresses.”Wynn is heavily dependent on Macau, the lone region in China where gambling is legal, as a driver of its revenue. (Image: Booking.com)In a recent note provided to Casino.org, the analyst revised his 2019 earnings per share (EPS) estimate on the owner of the Wynn and Encore in Las Vegas to .37 from while trimming his 2020 EPS estimate to .65 from .30. As of this writing, the stock resides just under 3.As a consequence of our estimate revisions, we are adjusting our price target to 0 from 6, with our valuation multiples remaining the same,” said Katz in a note out Monday. AGA boss Bill Miller believes the next half-decade will see Las Vegas continue to bring new non-gaming visitors to town. harrah s cherokee casino tax id free online poker machine games no downloads |