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peppermill casino wendover nevadaShops along the Atlantic City Boardwalk remain closed, but casinos hope to soon 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. 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. live chat casino 888Red Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. “That is a rumor. With 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.youtube free casino slot games hard rock casino light showwhere is betrivers casinoThat indicates investors are focusing on comments from management confirming that the Palms isn’t for sale. (Image: Las Vegas Review-Journal)The company said it lost .18 a share on revenue of 7.39 in the January through March period. But investors are embracing comments from Red Rock CEO Frank Fertitta that the company isn’t interested in selling the Palms on the Las Vegas Strip.First, we can dispel the rumors that the Palms is for sale,” he said on a conference call. is mountaineer casino smoke free“That is a rumor. (Image: Matt Rourke/AP)Hard Rock Atlantic City is accepting room reservations for arrivals beginning May 28. g for South Jersey’s future.”wild vegas casino free chip twin river casino blackjackclearwater casino hoursGolden Nugget and Ocean Casino have their earliest date as June 15.MGM Resorts’ Borgata, the casino that pulls in more money than any other Atlantic City property, is delaying reservations until July 1.All nine casinos in Atlantic City have been closed since March 16, when New Jersey Gov. Right?Recently, speculation swirled about the post-virus wild horse pab casino instagramfate of the venue, with talk that Red Rock could leave the Palms closed while trying to find a buyer.‘Mixed Emotions’Following a shutdown that spanned two months, gaming properties in some states are reopening, while some marquee Strip venues are planning to soon follow suit. Analysts expected a loss of just a penny a share on turnover of 3.43 million. It’s not correct. It’s not correct. Shops along the Atlantic City Boardwalk remain closed, but casinos hope to soon reopen. soaring eagle casino and resort twin river casino reopening december 2020 |