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winstar world casino ownerRed Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. The year-over-year numbers may not be comparable because Red Rock took a million charge in the quarter related to paying staff in April while gaming properties were shuttered because of the coronavirus.Glum first-quarter results are a prominent theme in the gaming industry this year. First, there’s the obvious need for business and tourism wild horse pab casino instagramtravel to recover to stoke demand to compel the operator to reopen the Palms. paragon casino directionsShares of Red Rock Resorts (NASDAQ:RRR) are soaring Wednesday, even after the operator posted first-quarter results that badly missed estimates. Phil Murphy (D) ordered them to suspend operations. “That is a rumor. aliante casino farm restaurant hollywood casino waveland mslist of casino near meHe’s gradually announced reopening of businesses day-by-day. (Image: Matt Rourke/AP)Hard Rock Atlantic City is accepting room reservations for arrivals beginning May 28. First, there’s the obvious need for business and tourism wild horse pab casino instagramtravel to recover to stoke demand to compel the operator to reopen the Palms. tachi palace casino spaWith rival operators slated to slowly reopen venues and many jobs expected to be lost for good, Red Rock could encounter near-term headwinds.“In the end, given our expectation for the Strip, and Las Vegas more broadly, to prove a laggard in the COVID-19 recovery process, we believe investors will have the opportunity to remain patient with RRR shares,” said the Stifel analyst.It’s not correct. Several Atlantic City casinos are again taking hotel reservations. wild rose casino in emmetsburg picture of a casino roulette wheeldoubledown casino app cheatsBut analysts reiterate the view that regional markets and casinos targeting locals will rebound faster than destination cities such as Las Vegas.On the conference call, Fertitta acknowledged, “The tourist part of the recovery is going to lag.” Stifel analyst Steven Wieczynski, who has a “hold” rating on the stock, said he has “mixed emotions” about the name.“We expect the company’s market-leading Las Vegas Locals assets to prove relatively resilient as COVID-19 headwinds subside,” said the analyst. “That is a rumor. He’s gradually announced reopening of businesses day-by-day. That indicates investors are focusing on comments from management confirming that the Palms isn’t for sale. “On the other hand, we believe the company’s direct and indirect exposure to the Las Vegas Strip could lead to a protracted operating cash flow recovery, as compared to its regional operator peers.”Red Rock is the parent company of Station Casinos. But the governor said last week that the statekansas star casino winners borgata online free casino |