Steven Kent, Goldman Sachs

Boyd Gaming Corporation (BYD) - Steven Kent at Goldman Sachs

The Las Vegas based company posted a net loss of $1 million, or 1 cent a share, compared with a loss of $220.8 million, or $2.51 per share a year earlier when it recorded large impairment charges. Excluding items, Boyd had a breakeven profit, in line with analysts' average estimates, according to Thomson Reuters I/B/E/S. The results "show the start of some stabilization in Boyd's core Las Vegas markets," Goldman Sachs analyst Steven Kent said in a research note. 

Penn National Gaming, Inc. (PENN) - Steven Kent at Goldman Sachs

Tech turns to security for next wave of dealmaking UPDATE 2 Penn National outlook disappoints, shares tumble * Posts Q4 net loss of $454 per share Stocks   |   Global Markets * Revenue falls to $5558 mln * 2010 EPS forecast of $100 vs Street's $139 * Shares fall more than 9 percent (Adds earnings details, analyst comment, company comment, share price, previous NEW YORK) LOS ANGELES, Feb 4 (Reuters) , Penn National Gaming Inc ( PENNO ) posted weaker than expected quarterly results as consumer spending softened and gave a 2010 forecast well below Wall Street's estimates, sending its shares down more than 9 percent "Penn's fourth quarter results and guidance suggest that high unemployment levels and general economic weakness are holding back a recovery in the regional gaming markets," Goldman Sachs analyst Steve Kent said in a research note 

Tracinda Corporation - Steven Kent at Goldman Sachs

However, as LaFleur notes, the silver lining is that MGM Mirage receives 100pc of the revenue from the Bellagio, but only 50pc from the Aria due to the CityCenter ownership model According to Goldman Sachs' team of gaming analysts, led by Steven Kent and Betsy Gorton, the troubles of MGM Mirage's recent past should not be forgotten, in particular what they call the 'mistakes' made in producing a complex that will make only slightly more than a 5pc return initially and basing a development on profits to be made from high end condo's 

MGM Mirage Inc (MGM) - Steven Kent at Goldman Sachs

However, as LaFleur notes, the silver lining is that MGM Mirage receives 100pc of the revenue from the Bellagio, but only 50pc from the Aria due to the CityCenter ownership model According to Goldman Sachs' team of gaming analysts, led by Steven Kent and Betsy Gorton, the troubles of MGM Mirage's recent past should not be forgotten, in particular what they call the 'mistakes' made in producing a complex that will make only slightly more than a 5pc return initially and basing a development on profits to be made from high end condo's 

Hamlet Holdings, LLC - Steven Kent at Goldman Sachs

Goldman Sachs gaming analyst Steven Kent told investors Bally's and IGT's results were largely driven by cost savings and both companies seemed to suggest that replacement sales seem to be coming in slower than expected 

Bally's Park Place Inc. - Steven Kent at Goldman Sachs

Goldman Sachs gaming analyst Steven Kent told investors Bally's and IGT's results were largely driven by cost savings and both companies seemed to suggest that replacement sales seem to be coming in slower than expected 

International Game Technology (IGT) - Steven Kent at Goldman Sachs

IGT Drags In The Market A Goldman Sachs analyst, Steven Kent, has lowered his investment rating on International Game Technology ( IGT : 19.94 0.00% ) today from "Buy" to "Neutral" on concerns of the companies' limited visibility. Company executives said during last weeks first quarter conference call that they had "limited visibility" on the product replacement cycle Which Kent explained to clients in a research note, he believes to mean "that the early stages of this rebound are not as dramatic as we would expect" 

International Game Technology (IGT) - Steven Kent at Goldman Sachs

International Game Technologies ( IGT Quote ) saw its rating cut by Goldman Sachs on Monday, on pessimism in the regional gaming market and product replacement The brokerage firm lowered its rating to neutral from buy and cut its price target to $23 from $26 "We are increasingly concerned that regional markets will remain weak, and given that 60% to 65% of IGT's earnings come from gaming operations, this could be a drag on results," analyst Steven Kent wrote in a note 

International Game Technology (IGT) - Steven Kent at Goldman Sachs

NEW YORK (AP) , Softness in regional gaming markets and International Game Technology's view of product replacements led a Goldman Sachs analyst to lower his investment rating on the gambling machine maker's rating on Monday. "We are increasingly concerned that regional markets will remain weak, and given that 60 percent to 65 percent of IGT's earnings come from gaming operations, this could be a drag on results," Steven Kent wrote in a note to clients The analyst is also concerned that executives of the gambling machine maker said during their first quarter conference call that they had "limited visibility" on the product replacement cycle Kent believes this could mean "that the early stages of this rebound are not as dramatic as we would expect" 

International Game Technology (IGT) - Steven Kent at Goldman Sachs

These estimates normally take out one time items Steven Kent of Goldman Sachs said IGT also topped his profit estimate of 22 cents per share He was pleased with the company's cost control efforts and its ability to place more participation games at casinos "In the past IGT has done a terrific job offsetting weakness in one business with gains in another and seems to be back in this mode," he wrote in a note to clients UBS's Robin Farley said investors would welcome the earnings beat, but might be disappointed that IGT played it safe, reaffirming its outlook for a 2010 profit of 77 cents to 87 cents per share