2024.07.19
bovada casino jackpotsShares of Red Rock Resorts (NASDAQ:RRR) are soaring Wednesday, even after the operator posted first-quarter results that badly missed estimates. (Image: Las Vegas Review-Journal)The company said it lost .18 a share on revenue of 7.39 in the January through March period. 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. blackjack casino table gamesThose properties include Boulder Station, Green Valley Ranch Resort, Palace Station, Red Rock Resort, Santa Fe, Sunset Station – most of which target Las Vegas locals.Fertitta said the plan is to reopen the Palms, but that will be dependent on demand the operator sees at its other venues.Levered to the StripWieczynski notes Red Rock’s exposure to the Strip is twofold. (Image: Matt Rourke/AP)Hard Rock Atlantic City is accepting room reservations for arrivals beginning May 28. Red Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. is cool cat casino real san manuel casino online casinofirekeepers casino twitterWith 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.But 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. Those properties include Boulder Station, Green Valley Ranch Resort, Palace Station, Red Rock Resort, Santa Fe, Sunset Station – most of which target Las Vegas locals.Fertitta said the plan is to reopen the Palms, but that will be dependent on demand the operator sees at its other venues.Levered to the StripWieczynski notes Red Rock’s exposure to the Strip is twofold. casino near me paThe 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. And that’s a major concern for one of the state’s most powerful lawmakers. But there’s no word from the governor’s office as to when they might be permitted to reopen. golden nugget casino kalispell mt free spins drake casinono deposit bonus casino loginRed Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. (Image: Matt Rourke/AP)Hard Rock Atlantic City is accepting room reservations for arrivals beginning May 28. But there’s no word from the governor’s office as to when they might be permitted to reopen. 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. Shares 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. brian christopher slot video doubledown casino how to win |