clearwater casino fireworks 2020 quarter results topped expectations.Impressive doesn’t even do it justice when referring to BYD’s 3Q20 margin improvement, said Stifel analyst Steven Wieczynski in a note to clients today. Nevada Governor Steve Sisolak (D) knows Las Vegas desperately needs conventions as soon as safely possible. The gaming company’s approaching to this fast-growing market is unique and requires less in the way of capital commitments.“Although the potential upside in a ‘bull’ outcome scenario is not as high, we believe BYD’s approach could prove a far more efficient use of capital, as it sits back and collects a share of revenue generated through its licenses while not having to engage in what is likely to become a fierce promotional battle for market share,” said Wieczynski.mgm online casino free 10But it has catalysts to drive upside, including a sports betting strategy that’s largely underappreciated relative to peers.Boyd operates retail sportsbooks in states where it’s permitted to do so, and partners with FanDuel on brick-and-mortar and online books. Steve Sisolak, seen here, says if the federal government sends the state a COVID-19 vaccine, his administration will first seek an independent review of its efficacy. Larger indoor venues can exceed that number, but only if they submit their hosting plans to state and local regulators. gold coast casino bingo schedule

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play 6 deck blackjack online freeNo venue can have more than 10 percent of its fire code capacity.Conventions are a critical component of the Las Vegas gaming industry. Nevada Gov. Although the theme of favorable revenue mix, reduced marketing expense, and streamlined labor costs benefiting operating margins in a post-COVID regional gaming operator world has been well-discussed over the past several months, we would argue BYD’s 3Q20 margin performance far exceeded investors’ expectations,” Wieczynski continued. chinook winds casino covid 19Casino resorts on the Strip derive about two-thirds of their revenue from nongaming, and conventions play a substantial role in that segment.The Las Vegas Convention and Visitors Authority says there has been no convention attendance in more than ficasino theme partyve months.Timing Critical for Vegas Economy Las Vegas conventions and exhibitions routinely attract tens of thousands of visitors each week to Southern Nevada. Nevada Governor Steve Sisolak (D) knows Las Vegas desperately needs conventions as soon as safely possible. He rates the stock a “buy,” with a price target, up from his previous estimate of and implying upside of roughly 50 percent from where it currently trades.Widespread ImprovementBoyd operates 29 casinos in 10 states, including in its home market of Sin City. clearwater casino fireworks 2020

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1 casino“While we would expect rated play to be strong, it’s clear that even unrated play is healthy as well.”He adds that while there’s been fear in the investment community that gaming equities would be vulnerable to other entertainment options reopening and consumers losing government stimulus cash, Boyd’s visitation and spending patterns should remain robust for the foreseeable future.Long-Term ViewFollowing a 14.33 percent rally over the past month, it could take some time for Boyd stock to reach the level Wieczynski is forecasting. The gaming company’s approaching to this fast-growing market is unique and requires less in the way of capital commitments.“Although the potential upside in a ‘bull’ outcome scenario is not as high, we believe BYD’s approach could prove a far more efficient use of capital, as it sits back and collects a share of revenue generated through its licenses while not having to engage in what is likely to become a fierce promotional battle for market share,” said Wieczynski.(Image: Las Vegas Review-Journal)Speaking during a press conference Monday in Carson City, Sisolak said all Nevadans are responsible for the state’s near-term ability to return to some sense of normal.“Right now, I am working on a plan to increase capacity to 50 percent for conventions beginning January 1st, 2021, to get business back to the state, and get Nevadans back to work,” Sisolak explained.Whether or not we get there is not a matter of luck. He rates the stock a “buy,” with a price target, up from his previous estimate of and implying upside of roughly 50 percent from where it currently trades.Widespread ImprovementBoyd operates 29 casinos in 10 states, including in its home market of Sin City. We’re not going to get here by flipping a coin,” the governor continued. No venue can have more than 10 percent of its fire code capacity.Conventions are a critical component of the Las Vegas gaming industry. viejas casino vegan