earning praise among analysts<\/a> commensurate with that performance.<\/p>\nLike many smaller operators focusing on the Las Vegas locals (LVL) segment and regional markets, Golden expanded margins during the coronavirus pandemic. As a result, Beynon says Macquarie’s 2021 through 2023 earnings before interest, taxes, depreciation and amortization (EBITDA) estimates on the operator are well in excess of 2019 levels.<\/strong><\/p>\n\u201cGDEN delivered 900 bps of casino margin expansion to start \u201921, with EBITDA +16 percent vs 1Q19, exceeding cons expectations by 37 percent,\u201d said the analyst. \u201cThe beat was broad-based, as LV Local margins of +32.1 percent, or ~600 bps, helped drive a 37 percent beat against segment cons. Looking ahead, we believe GDEN can match this quarter in other \u201921 quarterly results, primarily given the STRAT ramp.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The US is the place to be when it comes to winning gaming equities, as one analyst is extolling the virtues of names such as Caesars Entertainment (NASDAQ:CZR), Golden Entertainment (NASDAQ:GDEN), and MGM Resorts International (NYSE:MGM). In a note to clients today, Macquarie gaming and leisure analyst Chad Beynon points out that while domestic gross […]<\/p>\n","protected":false},"author":46,"featured_media":175835,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Caesars, Golden Among Analyst Preferred Gaming Equity Ideas<\/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