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Nevada Gold & Casinos Inc. Message Board

kidonthebeach 11 posts  |  Last Activity: Sep 20, 2014 12:13 PM Member since: Jul 28, 2004
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  • Reply to

    Awesome Results!!!

    by kidonthebeach Sep 15, 2014 9:46 PM
    kidonthebeach kidonthebeach Sep 20, 2014 12:13 PM Flag

    Also each quarter I am more and more impressed with UWN management efficiency and ability to generate profit. Sooner or later I do think a casino management contract will come UWN's way. Efficiency and profit at times like this does garner the attention of casinos looking for managers.

  • Reply to

    Awesome Results!!!

    by kidonthebeach Sep 15, 2014 9:46 PM
    kidonthebeach kidonthebeach Sep 20, 2014 12:03 PM Flag

    Slots in Washington Card rooms would be a Grand Slam. And PPS would spike with news of that occurring.

    For short term tho (because it is not on the ballot in Washington state this November) I WOULD look at South Dakota Constitutional Amendment Q. This IS BEING VOTED ON this November. This would allow more table casino games for Deadwood. A portion of this increased revenue will go to the Deadwood Revitalization Committee to help drive tourism.

    I look at this law (if it were to be passed by voters this November) as a double win: More games means more casino traffic which will help slot revenue as well.

    Also more money to Deadwood Revitalization Committee: means increased advertising and changes to Deadwood to help drive tourism (again more tourism means increasing slot revenue).

    Stay tuned to the results of that vote this November. But UWN will benefit from passing of this law with their 750 slots in Deadwood.

  • kidonthebeach by kidonthebeach Sep 15, 2014 9:46 PM Flag

    $354,029 net income for the quarter!!!!!

    That really says it all. I anticipated a small loss and at best a slight 30K gain (see my Aug 17th post)...... and instead Shaunnessey pulls this off!!!!!!

    Just added up the last 4 quarters net income: it totals + $1,017,837 ...............Profit!! of 1 million dollars!!!

    There are casinos closing in Atlantic City.........but slots in South Dakota, and card rooms in Washington State are more isolated from the problems some in the industry are facing and are doing just fine!!!

    Give Shaunnessey credit. The guy knows how to maximize efficiency. Am glad he is signed to a contract extension too since last quarter results!

    Good luck everyone!!! Appears like tomorrow will be a good day for Nevada Gold!!

  • kidonthebeach by kidonthebeach Sep 11, 2014 11:45 AM Flag

    Should be announcing date of earnings soon. Any improvement from last year quarter will be a positive. Company has made significant strides in past year. Lower interest rate on loans, has increased efficiency, paid SD dues with cash on hand. All positive changes. Look forward to results. Good luck everyone!!!!

  • Reply to

    offering thoughts

    by kidonthebeach Sep 9, 2014 12:57 PM
    kidonthebeach kidonthebeach Sep 9, 2014 11:19 PM Flag

    Even if they were under 1 dollar at the 6th month mark........they can apply for two extensions before they end up being delisted. With 700K Solitare, 3.3M City of Dreams Manila and the very likely (basically its in the bag) Studio City Macau contract that will probably be about 4M that they will get in December--the company has revenue and some nice solid growth ahead

    And that is why I am saying very bluntly: Management knows this and their main shareholder MPEL knows this.......which is why they are diluting down the little guy now so MPEL can buy up shares on the cheap and increase their ownership of EGT. They won't be delisted.

    If I had to venture a guess-- I would bet they do an extension: then do a reverse split with all their good quarter results beginning of next year. Another alternative is for MPEL to just buy EGT entirely but I don't think they want to do that.........then they are just an in house chip company and that is a step backwards for them.

  • kidonthebeach by kidonthebeach Sep 9, 2014 12:57 PM Flag

    I do think it is interesting timing for the company to do it now: being that in the next 6 months they have chip orders for 700K for Soliare and another massive 3.3M chip order for City of Dreams Manila.

    And since Melco Crown has another casino opening next year it is entirely possible for the company to get another big massive chip order by the end of the year.

    These are all built in revenue and profits- and will lead to nice earnings.

    All these positives on the horizon......and management did this. I think this was done to help MPEL raise their stake on the cheap and dilute out the little guy.

    My own opinion -- the people selling now will kick themselves in 6 months for the reasons above.

  • Reply to

    Interesting little company

    by tickertape86 Aug 8, 2014 9:53 AM
    kidonthebeach kidonthebeach Aug 17, 2014 11:00 AM Flag

    This upcoming quarter is a slow quarter coming up. South Dakota will do better this quarter than say the winter months quarter because there are tourists and travelers coming to the area..............but Washington Cardrooms - which is where the company gets about 80-85% of its revenue for the year overall --- is slower this time of year.

    It all comes down to this. Last year the company lost $216,000 for the MJJ quarter. Institutions look at the training 12 months for EBITA and net income when making decisions on a stock. So anything better than that-- is a success.

    Myself-I anticipate somewhere around a break-even quarter to perhaps a 30K loss. Course I would love a small profit (if it happens it is 30K or so: and in my eyes it would be a testament of management doing an even better job at making things more efficient) -- but overall I expect this year will be better than last year and that is what matters.

    Good luck everyone!

  • Reply to

    Dangerous position

    by dtejd1997 Aug 10, 2014 2:25 PM
    kidonthebeach kidonthebeach Aug 12, 2014 10:47 PM Flag

    I agree!

    1.75M for lost deposit , 231K for second time loans were not in compliance, I believe there was a smaller fee (90K if memory serves) the first time, plus the 1% interest rate increase on 20M. That comes to roughly 2.29M the first year alone roughly. Tack on lawyer fees for the contract that should never have happened...........and all the hours management spent on this deal......... and the fact that its gonna take more than a year to get that 20M dollar loan paid down with present management and cash flow trends.............this decision is gonna cost 2.6M-3M when all is said and done when everything is taken into account. (just doing the math in my head)

    2.6M-3M all down the drain of shareholder money all due to Andre's decision. Although I do think Andre knows his stuff.............that is a big massive mistake.

  • Reply to

    Dangerous position

    by dtejd1997 Aug 10, 2014 2:25 PM
    kidonthebeach kidonthebeach Aug 11, 2014 11:09 PM Flag

    I think Andre kicks himself ALOT for agreeing to buy the Fitz without running it by the banks first. It was a costly decision. The increase in interest rate, the one time fees for not being in compliance with terms of the loan, and the likely loss of the 1.75M in escrow he put down for the Fitz--- all hurt.

    I am sure the EBITA multiple was good and he did not even hesitate.......plus he wanted something to counter the loss of Buffalo Thunder and the weak Indiana market. It sounded good. It all backfired

    Can FLL rebound? That will be the real test of management coming up. I did buy some Friday (previously was NOT a shareholder). EV is just so low compared to what they paid for the casinos that you'd think with the hotel at Silver Slipper and the tax break at Indiana there is some light ahead.

    Will see in upcoming months if my buy now was smart or stupid..................... I hope Andre really dazzles shareholders in the months ahead to redeem himself after the Fitz fiasco.

  • kidonthebeach by kidonthebeach Aug 2, 2014 10:47 AM Flag

    Its very good for Nevada Gold to have Shaunnessey under contract going forward. The guy has improved Nevada Gold significantly. Going forward the company has more efficient operations and is more profitable!!!! This is what small casinos need to see in order to consider Nevada Gold for management contracts. Also, if there were to be a merger or acquisition of Nevada Gold-- having the operations with minimal waste, efficient and profitable is what is needed to gain interest.

    IMO the stock price does not reflect Nevada Gold's future prospects. Analysts are not taking into account the massive decrease in interest expense for UWN loans with their calculations. To have your bank loan go from 12.5% interest to 6% really says it all. The bank is convinced Nevada Gold has their "ducks in a row" to give that significant of an interest rate reduction. And I am sure making 646K profit this past quarter and paying the 1.3 M South Dakota gaming fee with cash on hand appeases any anxiety the bank may have had.

    Good luck everyone!

  • kidonthebeach by kidonthebeach Jul 29, 2014 8:08 PM Flag

    GREAT 10K results!!!!! $ 646,089 net income or 4 cents a share!!!

    Please read my previous post. Management has low operating expenses and the Washington Cardrooms and SD slots are in completely different areas of the county and as a result are much more isolated from the issues that plague the rest of the gaming industry.

    As you are seeing Atlantic City casinos close and others in the industry struggling under increased competition--- these results are AWESOME!!!!!

    I have to say hats off to Shaunnesey --- the guy knows how to keep costs to a minimum, maximize output. Last December the company announced the significant decrease in interest rate for their debt--and now you see the results!!!! Solid net income where virtually everyone else is hurting.

    Good luck everyone!!!!

UWN
1.17-0.02(-1.68%)Oct 23 3:22 PMEDT

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