2024.07.12
riverwind casino dealerBoyd announced plans to expand the service across all its casinos – pending regulatory approval – potentially by later this year. An analyst is bullish on operator Boyd’s prospects. (Image: YouTube)On Tuesday afternoon, the Orleans operator said it earned 73 cents a share on the basis of generally accepted accounting principles (GAAP) on revenue of 5.9 million in the final three months of 2020. firekeepers casino cafe 24 7That’s despite a better-than-expected fourth-quarter earnings report and bullish comments from some sell-side analysts. (Image: YouTube)On Tuesday afternoon, the Orleans operator said it earned 73 cents a share on the basis of generally accepted accounting principles (GAAP) on revenue of 5.9 million in the final three months of 2020. It’s getting boring right? No way,” said Stifel analyst Steven Wieczynski in a note to clients today. phone number for double down casino slot casino online gratischinook winds casino sports bar“Once virus cases plateau and the country gets more vaccinated, we believe there will be significant pent-up demand for consumers to return to casinos in full force.”Other Favorable CatalystsAt the end of last year, Boyd had 9.2 million in cash on hand against debt of .95 billion. Then, on Tuesday, Global Payments Gaming Solutions and International Game Technology announced an extension of their current cashless gaming initiative.Payment modernization has long been an issue the gaming industry has promoted. Boyd announced plans to expand the service across all its casinos – pending regulatory approval – potentially by later this year. online gambling gamesThose efficiencies are bolstering margins, with some market observers noting Boyd’s earnings before interest, taxes, depreciation and amortization (EBITDA) surged in the second half of 2020 despite temporary shutdowns. Shares of Boyd Gaming (NYSE:BYD) are trading lower Wednesday. Should it need capital, the company has levers to pull, including ownership of its real estate and a five percent stake in sports betting giant Fcasinos online for real moneyanDuel.“Looking longer-term, we identify several value creation drivers, including strategic optionality around the company’s predominantly wholly-owned real estate portfolio, deleveraging opportunities, and low-risk sports betting strategy, that feel underappreciated in the context of the current share price/valuation,” adds Wieczynski.The operator is targeting an April launch for its Stardust Casino iGaming platform in Pennsylania, which should speed along the operator’s exposure to the fast-growing internet casino segment.online gambling football keith urban soaring eagle casino resort july 18how to win at cache creek casino“While some investors would argue that most of the positive momentum around core operating trends and sports betting has already been embedded in BYD’s share price, we would argue there is more to come.” The analyst rates Boyd a “buy” with a price target, implying upside of almost 10 percent from where the stock closed on Feb. But the Aliante operator is realizing significant cost improvements, many of which will be permanent when the pandemic is a thing of the past. 16.Boyd Bright Long-Term Outcasinos online for real moneylookOver the near-term, margins may have to carry the day for Boyd, as folks in the 65 and up age demographic stay away from gaming venues until COVID-19 vaccines are more readily accessible.Many casino operators, particularly those with deep regional portfolios, such as Boyd, are in the same boat. (Image: YouTube)On Tuesday afternoon, the Orleans operator said it earned 73 cents a share on the basis of generally accepted accounting principles (GAAP) on revenue of 5.9 million in the final three months of 2020. Casino operators sought ways to reduce physical interactions between patrons and staff, such as exchanging chips for cash.Boyd Seeks Aggressive Cashless Gaming RolloutBoyd’s announcement is an extension of a cashless gaming pilot project the gaming company launched with Aristocrat in October at the Blue Chip Casino Resort Spa in Michigan City, IBoyd announced plans to expand the service across all its casinos – pending regulatory approval – potentially by later this year. h r block online gambling kansas star casino win lob statement |