2024.07.17
admiral casino clapham junctionAdjusted property earnings before interest, taxes, depreciation and amortization (EBITDA) of -.8 million beats the consensus estimate of - million.We saw sequential improvements in all of our markets in the third quarter, and our regional properties have led the pace of recovery with several properties generating record operating performance,” said CEO Bill Hornbuckle on a conference call with analysts and investors.Still grappling with the effects of the coronavirus pandemic, the Mirage operator posted third-quarter EBITDA of million in its home market on revenue of 1 million. But we’ve been surprised by the activity.”The leader of the gaming real estate investment trust (REIT) adds his company would like “to reach a transaction as early as we plausibly can,” but adds GLP is comfortable with the current state of where is cool cat casino locatedaffairs at the Strip venue.Affording the Luxury of PatienceFor multiple reasons, GLP doesn’t need to be hasty in unloading the Tropicana. “We think we own enough of Las Vegas to be open about it. chumba casino card(Image: CNBC)The Bellagio operator lost .08 a share on revenue of .13 billion during the July through September period. “We think we own enough of Las Vegas to be open about it. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. sam s town casino locations slot empire casino reviewmountaineer casino things to doIt’s still for sale, but owner GLP isn’t in a rush to sell. But 2020 is anything but normal, and with a COVID-19 vaccine still months away, the gaming company remains vulnerable to sluggish business traffic and tourists’ reluctance to fly to destination markets.“With no signs that the group/convention business will be recovering anytime soon, we would prefer to stay on the sidelines,” said Stifel analyst Steven Wieczynski in a note ouwhere is cool cat casino locatedt late Thursday.He rates MGM stock “hold,” with a price target, implying modest upside from the Oct. Penn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. free slots davinci diamondsBut it’s taking a pragmatic approach to making a deal.We had more than 18 non-disclosure agreements out,” said GLP CEO Peter Carlino on a conference call with analysts and investors earlier this week. Additionally, the pandemic forced gaming companies to reach for cost savings. We’re not overly focused on M&A, particularly here in Las Vegas,” he said. lodge at cliff castle casino camp verde az peppermill casino check incasino extreme withdrawalPenn National Gaming (NASDAQ:PENN) operates the venue, including the casino and hotel. Tropicana Las Vegas, seen here. First and foremost, Penn National’s financial position is improving, indicating there’s little near- to medium-term risk that the operator will be pinched by its obligations on the venue.Second, the coronavirus pandemic is resulting in depressed pricing on gaming real estate. to GLP for 7.5 million in lease credits.Since then, GLP confirmed it’s open to selling Tropicana. First and foremost, Penn National’s financial position is improving, indicating there’s little near- to medium-term risk that the operator will be pinched by its obligations on the venue.Second, the coronavirus pandemic is resulting in depressed pricing on gaming real estate. That’s something MGM is executing in significant fashion, with executives saying the operator found 0 million in reductions, which it expects will remain permanent even as business gradually returns to normal.Following a recent debt sale, MGM had .50 billion in domestic liquidity as of Sept. el dorado casino reno sportsbook gold coast casino theater |