CasinoCityTimes.com

Home
Gaming Strategy
Featured Stories
News
Newsletter
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
SEARCH NEWS:
Search Our Archive of Gaming Articles 
 

Analyst Initiates Coverage of Boyd, Aztar

12 November 2002

NEW YORK -- Wall Street analyst Marc Falcone of Deutsche Bank Securities has initiated coverage of Las Vegas-based Boyd Gaming Corp. with a "buy" investment rating and of Phoenix-based Aztar Corp. with a "hold" rating.

Boyd's rating reflects the company's diversification nationwide, continued growth from its Delta Downs `racino' in Louisiana and the potential of the Borgata, a $1 billion luxury casino the company is launching with partner MGM MIRAGE next summer, Falcone said.

The rating on Aztar reflects the fact that the company is well-positioned to capitalize on long-term growth in Atlantic City and the potential for a long-term redevelopment plan for the Tropicana in Las Vegas, he said.

Falcone also initiated coverage of Las Vegas-based Ameristar Casinos Inc. and Mississippi-based Isle of Capri Casinos Inc. with `hold' ratings. He has initiated coverage of Illinois-based Argosy Gaming Co. with a `hold' rating.

< Gaming News