Churchill Downs owns all of the real estate on which its gaming venues reside, enjoys favorable regulatory benefits in Kentucky and Virginia, and is reducing leverage.<\/strong><\/p>\n\u201cPutting it all together, we see CHDN as uniquely positioned amidst potentially muted regional operator fundamentals, given a pipeline of high return on investment new casino projects, same-store growth tailwinds in key historical horse racing markets, a favorable outlook for the high-quality Kentucky Derby asset, relative resilience to margin pressures, rapidly improving balance sheet strength & full real estate ownership, and a top-tier management team boasting a disciplined track record of capital allocation,\u201d concluded Wieczynski.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boyd Gaming (NYSE: BYD) and Monarch Casino & Resort (NASDAQ: MCRI) were downgraded amid concerns that regional casinos are facing consumer-related lethargy. In a note to clients, Stifel analyst Steven Wieczynski lowered his ratings on both stocks to \u201chold\u201d from \u201cbuy,\u201d while adding the \u201cregional gaming fundamental outlook appears uninspiring, if not concerning.\u201d His price […]<\/p>\n","protected":false},"author":46,"featured_media":210289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810,86430,86438,86431],"tags":[81903,81898,86455,86457,87734],"acf":[],"yoast_head":"\n
Boyd, Monarch Casino Downgraded On Regional Casino Concerns<\/title>\n\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