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choctaw casino in grant oklahomaNew Jersey Governor Phil Murphy (D) unveiled his six-point “Road Back” plan this week to reopen the state. Just 20 companies are offering up full-year forecasts, none of which hail from that sector.What to ExpectWynn is slated to report first-quarter results on May 14 with analysts calling for a loss of .05 per share.The company has yet to publicly comment on profit and revenue expectations for the remainder of this year. With the coronavirus outbreak still weighing on the gaming industry, it’s not surprising that analysts are divided on how the health crisis is affecting individual operators’ financial results. borgata casino dreb codeFour of those firms are consumer discretionary names, according to FactSet data. Estimates for the group’s contributions to S&P 500 2020 earnings range anywhere from earnings of around a share to nearly , one of the widest spreads among the 11 sectors featured in the benchmark.As of April 24, 30 S&P 500 members said they already had or were proceeding to yank 2020 guidance, citing COVID-19. Those shutdowns follow a 15-day halt in business in Macau, achumba casino geo block jaob market that in any given quarter can account for two-thirds to 80 percent of the operator’s earnings and revenue. golden nugget casino ms
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hotels close to chinook winds casino in lincoln cityBut Atlantic City continues to see a rise in the number of COVID-19 cases. Those include Crown Melbourne and Crown Perth. (Image: Chris Pedota/AP)Atlantic County, home to the East Coast gaming mecca, has 749 positive coronavirus cases, and the disease is responsible for 30 deaths. doubledown casino tech supportThe company also owns Betfair Australasia, half of Aspers Group, and a 20 percent interest in Nobu, the posh hotel and restaurant consortium.Even with that, analysts’ estimates for the company’s 2020 earnings per share (EPS) are all over the map.For now, though, investors should take the purportedly ‘consensus’ earnings expectations and price targets with a grain of salt, especially for certain sectors and stocks, where there really isn’t much consensus among analysts,” according to a Barron’s analysis of S&P 500 companies with wide dispersion in EPS projections.The publication’s research indicates that analyst estimates on Wynn 2020 EPS currently range anywhere from a loss of .60 to a gain of .60.Good Luck Reaching ConsensusAs measured by standard deviation, the 5.9 percent spread in Wynn forecasts is high and is exceeded by just six other S&P 500 members, three of which are travel and leisure companies. The company also owns Betfair Australasia, half of Aspers Group, and a 20 percent interest in Nobu, the posh hotel and restaurant consortium.foreigner angel of the winds casino
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seneca niagara casino rules(Image: Twitter)This year, Wynn is dealing with temporary closures of its two Las Vegas Strip Venues and Encore Boston Harbor by COVID-19. Those shutdowns follow a 15-day halt in business in Macau, achumba casino geo block jaob market that in any given quarter can account for two-thirds to 80 percent of the operator’s earnings and revenue. With the coronavirus outbreak still weighing on the gaming industry, it’s not surprising that analysts are divided on how the health crisis is affecting individual operators’ financial results. Just 20 companies are offering up full-year forecasts, none of which hail from that sector.What to ExpectWynn is slated to report first-quarter results on May 14 with analysts calling for a loss of .05 per share.The company has yet to publicly comment on profit and revenue expectations for the remainder of this year. an ongoing saga for Crown investors, one that also included a brief 2019 flirtation with a takeover offer from Wynn Resorts (NASDAQ:WYNN).More Real Estate for BlackstoneFor Blackstone, the deal isn’t as much about potentially making a play to acquire Crown outright, but rather, finding ways to extract value from the gaming company’s enticing real estate assets.Blackstone, the owner of the Cosmopolitan Las Vegas, is a growing force in the casino real estate business, recently acquiring the Bellagio from MGM Resorts International (NYSE:MGM) and partnering with MGM Growth Properties (NYSE:MGP) to purchase the real estate of Mandalay Bay and MGM Grand.Crown’s Australian property assets are valued at just over billion. Concerning is that 111 of the positive tests have come in the past 24 hours.In Murphy’s “Road Back: Restoring Economic Health Through Public Health,” the first of six principles in lifting restrictions is demonstrating “sustained reductions in new COVID-19 cases and hospitalizations.” That cache creek casino buffet open
