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PayPal Casinos in Canada: RoboCat Latest Online Casino For PayPal
GlobeNewswire News Room· 2025-04-28 22:14
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Boyd Gaming (BYD) - 2025 Q1 - Earnings Call Transcript
2025-04-25 16:58
Financial Data and Key Metrics Changes - Revenues for the first quarter were nearly $1 billion, while EBITDA was $338 million, maintaining property-level margins of 40%, consistent with the prior year [6][8][26] - The company reported a tax pass-through amount for the Online segment of $130 million, compared to $116 million in the year-ago period [29] Performance by Business Segment - In the Las Vegas Locals segment, revenues were nearly even with the prior year, while EBITDA was down less than 4%, primarily due to competitive pressures at the Orleans [9][10] - Downtown Las Vegas achieved both revenue and EBITDA growth, with solid visitation from Hawaii and healthy pedestrian traffic along Fremont Street [11][12] - The Midwest & South segment saw growth in both revenues and EBITDA, with margins consistent with the prior year despite a 28% increase in weather-impacted days [13][14] - The Online segment grew EBITDA by nearly 14% year-over-year, driven by strong growth from Boyd Interactive and stable performance from market-access agreements [15] - The Managed & Other business continued to perform well, driven by growth and management fees from Sky River Casino [16] Market Data and Key Metrics Changes - Customer trends remained consistent with March, with no meaningful shift in consumer behavior or spending patterns observed in the second quarter [7][8] - Hawaiian visitation to the Downtown segment was temporarily impacted in the previous year due to higher airfares related to the Super Bowl, creating a favorable comparison for the current quarter [11][12] Company Strategy and Industry Competition - The company is focused on enhancing competitiveness through property renovations and expansions, including a $750 million resort project in Norfolk, Virginia, scheduled for completion in late 2027 [22][24] - The company remains committed to returning capital to shareholders, having repurchased $328 million in stock and paid $15 million in dividends during the first quarter [25][33] - The company is cautious about M&A opportunities, emphasizing a disciplined approach to acquisitions [71][72] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic uncertainty, supported by the strongest balance sheet in its history [8][26] - The long-term fundamentals of the Southern Nevada economy remain strong, with consistent growth in local population, employment, and tourism [12] - Management acknowledged the potential impact of tariffs on capital projects but indicated that existing budgets would not need to change [62][66] Other Important Information - The company is undertaking several capital projects to strengthen its growth profile, including expansions at Ameristar St. Charles and the new Cadence Crossing Casino [20][21] - The company has identified capital projects that can be deferred if necessary, reflecting a proactive approach to managing potential risks [32][61] Q&A Session Summary Question: Plans for Paradise and other multi-level boats - Management has a prioritized list of development projects focused on those with the highest returns, with several older riverboats remaining for future upgrades [40][41] Question: Outlook for core and retail customers - Core customers continue to grow, while retail customers are performing consistently, with positive trends observed [46][47] Question: Buyback strategy and timing - The company aims to maintain a strong balance sheet while balancing capital allocation between investments and shareholder returns, with a cautious approach to buybacks in the current environment [54][56] Question: Impact of tariffs on capital projects - The company has evaluated capital projects for potential deferral and has taken steps to mitigate tariff impacts, ensuring that budgets remain intact [60][62] Question: Competitive landscape in the Locals market - The Locals market has seen slight shrinkage, but the company has outperformed the overall market, particularly excluding the Orleans [99][100] Question: Impact of Canadian travel and Hawaiian sports betting - Canadian travel represents less than one-tenth of 1% of the company's business, and management does not foresee significant impacts from potential sports betting in Hawaii [129][132]
Boyd Gaming (BYD) - 2025 Q1 - Earnings Call Transcript
2025-04-25 01:58
David Strow Good afternoon, and welcome to the Boyd Gaming First Quarter 2025 Earnings Conference Call. My name is David Strow, Vice President of Corporate Communications for Boyd Gaming. I will be the moderator for today's call, which we are hosting on Thursday, April 24, 2025. At this time, all lines are in listen-only mode. Following our remarks, we will conduct a question-and-answer session. [Operator Instructions]. Our speakers for today's call are Keith Smith, President and Chief Executive Officer; an ...
Boyd Gaming (BYD) - 2025 Q1 - Earnings Call Transcript
2025-04-24 22:02
Boyd Gaming (BYD) Q1 2025 Earnings Call April 24, 2025 05:00 PM ET Company Participants David Strow - Vice President of Corporate CommunicationsKeith Smith - President and CEOJosh Hirsberg - Executive VP, CFO & TreasurerDavid Katz - Managing DirectorSteve Wieczynski - Managing DirectorMax Marsh - Equity Research AssociateBarry Jonas - Managing Director Conference Call Participants Carlo Santarelli - AnalystShaun Kelley - Senior Research Analyst & MD - Gaming, Lodging & Leisure EquitiesJordan Bender - Senior ...
Churchill Downs rporated(CHDN) - 2025 Q1 - Earnings Call Transcript
2025-04-24 19:41
Churchill Downs Incorporated (NASDAQ:CHDN) Q1 2025 Earnings Call April 24, 2025 9:00 AM ET Company Participants Sam Ullrich - Vice President, Investor Relations Bill Carstanjen - Chief Executive Officer Bill Mudd - President and Chief Operating Officer Marcia Dall - Chief Financial Officer Conference Call Participants Chad Beynon - Macquarie Barry Jonas - Truist David Katz - Jefferies Jordan Bender - Citizens Daniel Guglielmo - Capital One Securities Jeff Stantial - Stifel Joe Stauff - Susquehanna Ben Chaik ...
Here's What Key Metrics Tell Us About Monarch Casino (MCRI) Q1 Earnings
ZACKS· 2025-04-22 22:30
Core Insights - Monarch Casino reported revenue of $125.39 million for Q1 2025, a year-over-year increase of 3.1% and an EPS of $1.05 compared to $0.93 a year ago, exceeding Zacks Consensus Estimate of $123.27 million by 1.73% [1] - The company delivered an EPS surprise of 0.96%, with the consensus EPS estimate being $1.04 [1] Revenue Breakdown - Other Revenues: $5.77 million, exceeding the estimated $5.07 million, representing a year-over-year increase of 9.2% [4] - Hotel Revenues: $16.71 million, slightly above the estimated $16.37 million, showing a minor decline of 0.4% year-over-year [4] - Food and Beverage Revenues: $30.02 million, below the estimated $31.10 million, reflecting a decrease of 0.5% year-over-year [4] - Casino Revenues: $72.90 million, surpassing the estimated $70.77 million, with a year-over-year increase of 5% [4] Stock Performance - Monarch Casino's shares have returned -9.1% over the past month, compared to the Zacks S&P 500 composite's -8.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
High Roller Announces Hiring of Seth Young as Senior Vice President Corporate Strategy and Investor Relations
Globenewswire· 2025-04-08 13:00
Core Viewpoint - High Roller Technologies has appointed Seth Young as Senior Vice President of Corporate Strategy & Investor Relations, aiming to enhance the company's long-term business strategy and growth in the online gaming industry [1][2]. Company Overview - High Roller Technologies operates premium online casino brands, including High Roller and Fruta, and is listed on the NYSE American under the ticker ROLR [6]. - The company offers a real-money online casino platform featuring over 4,400 premium games from more than 80 leading game providers, catering to a global customer base [6]. Leadership Appointment - Seth Young brings over 20 years of industry experience and expertise in gaming technologies, strategic planning, and business development to his new role [2]. - Prior to joining High Roller, Young held significant positions at PointsBet, FSG Digital, Foxwoods Resort Casino, Flower City Gaming, and TexasHoldem.com, showcasing a strong background in corporate development and innovation [3][4]. Industry Recognition - Young has received accolades such as the Innovation Group's 2018 Emerging Leaders of Gaming Award and was named to Global Gaming Business Magazine's 40 Under 40 list in the same year, highlighting his contributions to the gaming industry [5]. Strategic Vision - Young expressed enthusiasm about joining High Roller, emphasizing the company's potential for continued growth and success in providing a world-class consumer entertainment experience [6].
TransAct Technologies rporated(TACT) - 2024 Q4 - Earnings Call Transcript
2025-03-13 23:08
TransAct Technologies Incorporated (NASDAQ:TACT) Q4 2024 Earnings Conference Call March 13, 2025 4:30 PM ET Company Participants Ryan Gardella - IR John Dillon - CEO Steve DeMartino - President and CFO Conference Call Participants Jeff Martin - Roth Capital Partners George Sutton - Craig Hallum Operator Greetings, and welcome to the TransAct Technologies Fourth Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal pre ...
Century Casinos(CNTY) - 2024 Q4 - Earnings Call Transcript
2025-03-13 15:02
Financial Data and Key Metrics Changes - The consolidated revenue for Q4 2024 was $137.8 million, a decrease of 4% from the previous year's fourth quarter. Adjusted EBITDA was $21.1 million, down 17% [4][20]. - U.S. operations saw a revenue decline of 3% and an EBITDA decrease of 8% [4]. Business Line Data and Key Metrics Changes - The new land-based facility in Caruthersville, Missouri, opened on November 1, 2024, and has since seen revenue and EBITDA increase by 2732% respectively in the four months following its opening [5][6]. - The Central Casino Hotel Cape Girardeau reported an 11% increase in revenue and a 7% increase in EBITDA, driven by the new hotel and solid food and beverage sales [9][10]. - In Colorado, carded revenue grew by 12%, while uncarded revenue decreased by 30%, leading to an overall revenue decline of 7% [12]. Market Data and Key Metrics Changes - The East segment, including properties in West Virginia and Maryland, experienced a revenue decline of 7% and an EBITDA drop of 29% [14]. - The West segment, particularly the Nugget Casino Resort in Nevada, saw a 10% decline in gaming revenue, attributed to low slot hold [16]. Company Strategy and Development Direction - The company is focusing on operational discipline and efficiency improvements, with a clear path to higher EBITDA for 2025 and beyond [22][23]. - There is an ongoing consideration to divest non-U.S. properties, particularly in Poland and Canada, as part of a strategic focus on North American assets [19][72]. Management's Comments on Operating Environment and Future Outlook - Management noted that the low-end consumer segment remains weak due to macroeconomic factors, impacting overall performance [5][23]. - The company anticipates significant EBITDA and cash flow improvements in 2025, driven by recent growth capital initiatives and a reduction in capital expenditures [24][22]. Other Important Information - The company has no debt maturities until 2029 and has completed its major capital expenditure cycle, which should lead to improved leverage ratios [21][20]. - The company plans to spend $4 million on growth projects and $14 million on maintenance CapEx in 2025, significantly lower than previous years [22]. Q&A Session Summary Question: What is the main driver of the lower estimates for 2025? - Management indicated that the low-end consumer weakness is the primary concern, while mid and upper tiers are performing well [27]. Question: What are the thoughts on the Nugget's performance and conference pipeline? - Management noted that the decline in casino revenue is correlated with hotel revenue and expressed optimism for future conference business [31][32]. Question: Will the suspension of gaming machine purchases in Alberta impact operations? - Management does not expect a meaningful negative impact from the suspension, estimating only a 0.5% to 1% effect [34]. Question: What is the strategy for online gaming and sports betting? - The company plans to partner with third parties for online gaming and sports betting, focusing on revenue sharing models [62]. Question: Is there a consideration for insider buying or stock buybacks? - Management expressed interest in buybacks but noted restrictions due to insider laws and blackout periods [83].
Full House Resorts Announces Fourth Quarter and Full-Year Results
Globenewswire· 2025-03-06 21:05
Core Insights - Full House Resorts, Inc. reported a consolidated revenue increase of 21.5% to $73.0 million in Q4 2024, compared to $60.0 million in the prior year [2] - The company experienced a net loss of $12.3 million in Q4 2024, slightly improved from a net loss of $12.5 million in Q4 2023 [2] - For the full year 2024, revenues reached $292.1 million, a 21.2% increase from $241.1 million in 2023, with a net loss of $40.7 million [3] Revenue Growth - American Place Casino's revenues rose 27.5% in Q4 2024 and 42.4% for the full year compared to 2023 [5] - Chamonix Casino Hotel's revenues increased significantly, with a 161.1% rise in Q4 and a 159.9% increase for the full year [3][8] - The Midwest & South segment reported revenues of $55.0 million in Q4 2024, a 12.1% increase from $49.1 million in the prior year [11] Operational Performance - Adjusted EBITDA for Q4 2024 was $10.4 million, a 42.0% increase from $7.3 million in Q4 2023, reflecting strong growth at American Place [2] - The full year Adjusted EBITDA remained flat at $48.6 million, impacted by construction disruptions and elevated costs at Colorado operations [3] - The company is focusing on profitability and sustainable growth, particularly in Colorado, with new management hires to enhance operations [9][10] Future Outlook - The company plans to break ground on the permanent American Place casino later in 2025, with completion expected by August 2027 [6] - Marketing efforts for Chamonix are anticipated to ramp up in 2025, aiming to capture a larger market share [8][10] - The company is evaluating financing options for the permanent facility, including potential refinancing of existing debt [16]