could be permanently trimmed<\/a> at 13 casinos and two corporate offices.<\/p>\nLooking Ahead<\/h2>\n
Broadly speaking, the BofA analyst sees 2021 turnover for regional operators falling five percent to 12 percent short of 2019 levels. But he acknowledges those numbers could be conservative.<\/p>\n
Kelley highlighted a robust margin profile for Eldorado Resorts (NASDAQ:ERI) and said his 2021 forecasts for Boyd and Penn could prove to be on the low side. All three companies have exposure to the booming iGaming and sports wagering markets, segments that experienced strong growth in May.<\/p>\n
The analyst has \u201cbuy\u201d ratings on Boyd and Penn and a \u201cneutral\u201d rating on Eldorado. Off the March lows, Penn is the best-performing member of that trio, having surged more than 750 percent.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Regional operators, including Boyd Gaming (NYSE:BYD) and Penn National Gaming (NASDAQ:PENN), are benefiting as their properties come back online following the coronavirus shutdown. But a Bank of America (BofA) analysts sees other favorable fundamental tailwinds for the group. In a note to clients today, analyst Shaun Kelley said regional gaming firms offer the best fundamentals […]<\/p>\n","protected":false},"author":46,"featured_media":139148,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Boyd, Penn National Seen as Winners as Regionals Reopen<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n