2024.07.18
the chinook winds casinoEarlier this year, Golden Nugget CEO Tilman Fertitta said the Boardwalk isn’t a nine-casino area, and that the region is currently too saturated with gaming properties. (Image: Philadelphia Inquirer)The Hard Rock Atlantic City opened in June 2018 and the operator poured 0 million into sprucing up the venue that was formerly the Trump Taj Mahal. (NASDAQ:RRR) is cobbling together some momentum. free slot machines cleopatra(Image: Philadelphia Inquirer)The Hard Rock Atlantic City opened in June 2018 and the operator poured 0 million into sprucing up the venue that was formerly the Trump Taj Mahal. (Image: USA Today)The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. Hard Rock Atlantic City is doing well, but CEO Jim Allen isn’t pleased with the overall market. pa online casino apps real money online casino 400 prozent bonushollywood casino morgantown(Image: USA Today)The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. Long Pond Capital was next at .2 million.Notable TargetDuring the third quarter, new hedge fund buyers of Red Rock Resorts equity included Zimmer Partners, Steve Cohen’s Point72 Asset Management, Centenus Global Management, Weld Capital Management and Neo Ivy Capital.Those investments could be further rewarded if sell-side analysts move their price forecasts on the stock higher, which they could be prompted to do over the near-term. In the third quarter, the nine operators in that market posted gross operating profits (GOP) of 9.4 million, a 12.5 percent year-over-year increase.Too CrowdedAllen isn’t the first CEO of a company operating in Atlantic City to complain about the market. n gage casino no deposit bonusIn the third quarter, the nine operators in that market posted gross operating profits (GOP) of 9.4 million, a 12.5 percent year-over-year increase.Too CrowdedAllen isn’t the first CEO of a company operating in Atlantic City to complain about the market. Palms operator Red Rock has seen its stock languish, but it has hedge fund supporters. Bloustein School of Planning and Public Policy noted the concentration concerns are relevant and that Atlantic City faces increasing competition from othepalace station casino in las vegas thunder valley casino gift shopis boomtown casino still open(Image: USA Today)The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. The average price target on Red Rock is .10 and the stock closed at .38 on Friday, indicating that if the run higher continues, analysts may be forced to boost price estimates.On a scale of one to five, with one being “very bearish” and five being “very bullish,” the average numerical rating on Red Rock is 3.82. (Image: USA Today)The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. Earlier this year, Golden Nugget CEO Tilman Fertitta said the Boardwalk isn’t a nine-casino area, and that the region is currently too saturated with gaming properties. In a recent interview with Global Gaming Business (GGB), Allen expressed dismay that the city hasn’t done more, given Hard Rock’s level of investment on the Boardwalk.Candidly, we’re disappointed with Atlantic City,” said Allen in the interview. “There’s no other way to say it.”Allen said Hard Rock is second in terms of gross gaming revenue (GGR) on the Boardwalk, saying the company has made a “major statement” in New Jersey. black lotus casino login harrah s cherokee casino size |