2024.07.17
gold coast casino deals(Image: Bloomberg)Earlier this week, the Wall Street bank published a list of its top 10 rebound ideas for next year. And the group is led by roulette casino vegasnone other than the Venetian operator. Many said they were on pace to realize break-even earnings before interest, taxes, depreciation and amortization (EBITDA) in October on far less revenue than was being generated a year earlier.Bernstein notes five of the six Macau concessionaires achieved break-even EBITDA in October, and are on pace to do so again this month, with SJM Holdings likely to join the party by the end of the year. black hawk colorado casino jobsVisitation and gross gaming revenue in Macau, the company’s most important market, is perking up. That’s prompting the operators to pull billions of Hong Kong dollars from accounts held at Macau gaming properties.Casino companies are looking to allay those concerns, with some executives noting that because Macau is Chinese territory, money moved from the mainland to the SAR isn’t considered an international transfer.Operators potentially sensitive to weakness in VIP spending include Meroulette casino vegaslco Resorts & Entertainment and Wynn Macau, while rivals Galaxy Entertainment and Las Vegas Sands derive larger slices of their business from mass and premium mass patrons.Some Good NewsWhile Macau operators delivered a dismal batch of third-quarter results, there was one positive commonality. 30.With investor attention centered around macro recovery and the recent rotation into value, we look at both of these through a cash flow lens,” said Goldman Sachs analyst Deep Mehta in a note to clients. casino chukchansi esta abierto big dollar casino 100 no deposit bonus codes 2020soaring eagle casino golfThe LVS consistently checks the box as one of the more cash-rich gaming firms. Additionally, Sands is accruing some momentum. The other is Accel Entertainment (NYSE:ACEL), a small-cap provider of video game terminals (VGTs) in Illinois.‘Rapid Recovery’LVS stock is lower by 15.18 percent year-to-date. luckyland casino alternativeThe LVS consistently checks the box as one of the more cash-rich gaming firms. 30.With investor attention centered around macro recovery and the recent rotation into value, we look at both of these through a cash flow lens,” said Goldman Sachs analyst Deep Mehta in a note to clients. “We focus on the trajectory of free cash flow, factoring in both financial profitability (Margin) and valuation (Yield).”LVS is the largest domestic casino operator by market capitalization. chumash casino directions pictures of firekeepers casinobig fish casino gamesAdditionally, Sands is accruing some momentum. Goldman Sachs is bullish on Las Vegas Sands stock for 2021. The LVS consistently checks the box as one of the more cash-rich gaming firms. Many said they were on pace to realize break-even earnings before interest, taxes, depreciation and amortization (EBITDA) in October on far less revenue than was being generated a year earlier.Bernstein notes five of the six Macau concessionaires achieved break-even EBITDA in October, and are on pace to do so again this month, with SJM Holdings likely to join the party by the end of the year. Goldman Sachs is bullish on Las Vegas Sands stock for 2021. Despite posting quarterly losses this year because of the pandemic, Sands has .38 billion in unrestricted cash as of Sept. desert diamond casino drawings raging bull casino clabic version login |