2024.07.06
coushatta casino and hotel(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. The property was acquired from billionaire financier Carl Icahn. Hard Rock International CEO Jim Allen has a bone to pick with Atlantic City, N.J., the East Coast gaming hub and home to one of his company’s properties. black hawk lodge casino buffet(NASDAQ:RRR) is cobbling together some momentum. 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. However, some funds have recently been adding to or initiating stakes in the Station Casinos operator in a big way.With hedgies’ sentiment swirling, there exists an ‘upper tier’ of key hedge fund managers who were boosting their holdings substantially (or already accumulated large positions),” notes Insider Monkey.As of Sept. big fish casino iosgods resorts casino wikimgm casino new years eveIn 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. Of the 11 analysts covering the shares, six have “buy” or “outperform” marks on thdraftkings casino near mee stock, while five have the equivalent of a “neutral” grade on it.(Image: USA Today)The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. santa ana casino events“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. The property was acquired from billionaire financier Carl Icahn. (NASDAQ:RRR) is cobbling together some momentum. j casanova body splash casino extreme no deposit bonus codes 2021casino extreme free chip 2021“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. 30, the hedge fund with the largest position in Red Rock in dollar terms was Diamond Hill Capital, which owned almost 8 million worth of the gaming company’s stock. Palms operator Red Rock has seen its stock languish, but it has hedge fund supporters. 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. Of the 11 analysts covering the shares, six have “buy” or “outperform” marks on thdraftkings casino near mee stock, while five have the equivalent of a “neutral” grade on it.Even with the aforementioned recent bullishness deployed on Red Rock, the stock is up just 15.12 percent year-to-date, putting it well behind the S&P 500 and regional gaming names of comparable size, such as Boyd Gaming (NYSE:BYD) and Penn National Gaming (NASDAQ:PENN).Hedgedraftkings casino near me fund ownership of Red Rock is also behind that of regional rivals such as Penn National and Eldorado Resorts (NASDAQ:ERI). encore casino kid friendly blackjack online against others |