las atlantis casino online no depositThat’s after an analyst swiftly upped his price target on the Strat operator. Riley analyst David Bain reiterates a “buy” rating, while upping his price forecast on Golden to from . That venue generated record EBITDA in the first quarter.While the operator has a heavy footprint in its home state, it’s not dependent on Strip traffic and trends. doubledown casino google playOutside the Strat Las Vegas. Rather, it’s more levered to the fast-recovering Las Vegas locals (LVL) segment and favorable demographic trends, such as the influx of retirees from cold-weather states to Nevada, and Californians fleeing high taxes.For investors, those points are relevant because, as Bain points out, the LVL market accounts for 85 percent of Golden’s EBITDA. But it’s noteworthy in this case because it was barely more than a week ago when Bain initiated coverage on the casino operator with a projection.We believe shares are staged to significantly reset higher, with 2023 enterprise value/earnings before interest, taxes, depreciation and amortization (EBITDA) 6.4x versus peers at 10x and a free cash flow (FCF) per share valuation less than half comparables,” said the analyst.Gaming equities are broadly higher Friday, but Golden mountaineer casino buffetis the standout. bellagio casino and hotel

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soaring eagle casino sportsbookThat venue generated record EBITDA in the first quarter.While the operator has a heavy footprint in its home state, it’s not dependent on Strip traffic and trends. “Further, the introduction of the Raiders, new Strip capacity, and strong housing values correlate to make GDEN’s portfolio more ‘special’ than other regional casino companies, in our view.”Almost currently isn’t factored into the Golden stock price, according to Bain. But the gaming expansion package has been met with much more controversy in the state’s lower legislative chamber. chukchansi casino websiteLast night, House representatives engaged in a fierce debate. The state lawmakers had a busy legislative day yesterday, but could not come to an agreement on the possible expansion of casino gambling and legalization of a lottery. “These costs have been a drag on the company’s margins since reopening.”Red Rock’s Fiesta Henderson, Fiesta Rancho, and Texas Station remain closed through at least the end of June. seneca niagara casino new years eve 2020

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slot casino 111Operator Golden Entertainment is soaring today. In midday trading, it’s higher by 15.55 percent on volume that’s already nearly double the daily average. The odds are lengthening for Alabama voters being asked next November if they want to legalize a state-run lottery and add more casinos, including full-scale gaming with traditional slot machines and table games. g carrying costs for the location over this time,” said Moody’s.Divesting the location will reduce these costs by .5 million annually,” according to Moody’s. “Further, the introduction of the Raiders, new Strip capacity, and strong housing values correlate to make GDEN’s portfolio more ‘special’ than other regional casino companies, in our view.”Almost currently isn’t factored into the Golden stock price, according to Bain. That’s after an analyst swiftly upped his price target on the Strat operator. wild casino games