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is zynga poker site downBut the company owns five percent of FanDuel — a trait the investment community may not fully appreciate.The sports betting euphoria trade should continue to play out,” notes Wieczynski. Investors will start to understand that BYD’s five percent ownership stake in FanDuel is undervalued,” he continued. However, all signs indicate a protracted negotiation continuing in New York, and gaming issues appear to be part of the reason. casino roulette wheel picNew York Gov. Cuomo and lawmakers now are in talks to settle the state’s budget, and those talks include sports betting and other gaming issues. We don’t have them,” Senate Finance Committee Chairwoman Liz Krueger, D-Manhattan, told McKay.One of the issues that appears to be drawing out the matter is sports betting. clearwater casino yelp

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wild casino casinoAndrew Cuomo speaks in the Assembly Chamber at the state Capitol during the 2020 Electoral College vote. Should parent Flutter Entertainment (OTC:PDYPY) proceed with spinning out the sportsbook operators at a valuation comparable to that of rival DraftKings (NASDAQ:DKNG), FanDuel could be worth roughly billion or more.That means Boyd’s stake is hypothetically worth .25 billion, or about 19 percent of its current market capitakim k hollywood casinolization. comes less than two months after he last boosted his projection on the regional gaming name.Longer-term, we continue to believe spending/visitation trends will remain relatively healthy across the majority of BYD’s operating markets, while their diminishing cost structure should ultimately allow for greater flow-through,” said Wieczynski.He raised his 2021 through 2023 revenue and earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) estimates on the gaming name.Adding to the Boyd bull case is that many of the cost reductions the operator realized during the coronavirus pandemic are likely to remain permanent. As the clock struck midnight on the East Coast, it became April 1 in New York. With vaccines becoming more accessible, a wave of pent-up demand from the 55+ demographic could soon be unleashed, supporting gross gaming revenue (GGR) recovery in the second half of this yeakim k hollywood casinor.“The 55+ age demographic has play levels that are down over 40%, and we expect this demographic to return quickly in 2H21, which will support and boost regional GGR trends,” said Wieczynski.He adds that a combination of improved marketing schemes, lower labor costs, and the elimination of some profit-sapping amenities could help Boyd expand margins by 500 to 1,000 basis points relative to pre-pandemic levels.Underappreciated Sports Betting StoryBoyd stock usually isn’t viewed as a sports wagering play. Between its dominant positioning in downtown Sin City and its regional portfolio, the company is levered to key demographics, such as Las Vegas locals (LVLs) and the 55-and-up age group.Older gamblers largely sat out initial coronavirus reopenings, limiting rebounds for regional operators. admiral casino hammersmith