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black bear casino play and stay 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. But 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. 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. Larger indoor venues can exceed that number, but only if they submit their hosting plans to state and local regulators. No venue can have more than 10 percent of its fire code capacity.Conventions are a critical component of the Las Vegas gaming industry. We’re not going to get here by flipping a coin,” the governor continued. coushatta casino twitter

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