2024.07.18
nugget casino reno mapBoyd announced plans to expand the service across all its casinos – pending regulatory approval – potentially by later this year. An analyst is bullish on operator Boyd’s prospects. The week is just a couple of days old, and already there has been a couple of big announcements regarding cashless gaming. casino slot machine repairShares of Boyd Gaming (NYSE:BYD) are trading lower Wednesday. Casino operators sought ways to reduce physical interactions between patrons and staff, such as exchanging chips for cash.Boyd Seeks Aggressive Cashless Gaming RolloutBoyd’s announcement is an extension of a cashless gaming pilot project the gaming company launched with Aristocrat in October at the Blue Chip Casino Resort Spa in Michigan City, IBoyd announced plans to expand the service across all its casinos – pending regulatory approval – potentially by later this year. casino table games definition admiral casino hull888 live casino not workingSome investors say Boyd’s 2022 EBITDA could be 20 percent higher in 2022 than it was in 2019.“Longer-term, we continue to believe spending/visitation trends will remain relatively healthy (once the country goes back to normal) across the majority of BYD’s operating markets, while their diminishing cost structure should ultimately allow for greater flow through,” said Wieczynski. Those efficiencies are bolstering margins, with some market observers noting Boyd’s earnings before interest, taxes, depreciation and amortization (EBITDA) surged in the second half of 2020 despite temporary shutdowns. But the Aliante operator is realizing significant cost improvements, many of which will be permanent when the pandemic is a thing of the past. wynn las vegas casino accountingAs American Gaming Association President and CEO Bill Miller noted at the 2019 Global Gaming Expo, the cash-only system casinos have used for years no longer meshes with customers used to useneca niagara casino eventssing mobile devices to pay for most products and services.The issue gained even greater relevance in the past year, thanks to the COVID-19 pandemic. The week is just a couple of days old, and already there has been a couple of big announcements regarding cashless gaming. Boyd Gaming’s Blue Chip Casino in Michigan City, Ind., is currently offering BoydPay, a cashless gaming solution to its players. is joe pool lake open during covid 19 foxwoods resort casino mashantucket ctchukchansi casino job openingsThose efficiencies are bolstering margins, with some market observers noting Boyd’s earnings before interest, taxes, depreciation and amortization (EBITDA) surged in the second half of 2020 despite temporary shutdowns. An analyst is bullish on operator Boyd’s prospects. “Once virus cases plateau and the country gets more vaccinated, we believe there will be significant pent-up demand for consumers to return to casinos in full force.”Other Favorable CatalystsAt the end of last year, Boyd had 9.2 million in cash on hand against debt of .95 billion. investment in the December quarter.That could be a sign things are going well for the operator to start the current quarter.Another day, another regional gaming operator putting up a very strong quarter. But the Aliante operator is realizing significant cost improvements, many of which will be permanent when the pandemic is a thing of the past. gold coast casino dancing boomtown casino video |