2024.07.12
downstream casino facebookThe 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. (Image: Matt Rourke/AP)Hard Rock Atlantic City is accepting room reservations for arrivals beginning May 28. (Image: Las Vegas Review-Journal)The company said it lost .18 a share on revenue of 7.39 in the January through March period. royal ace casino free chip codesBut 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. 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. First, there’s the obvious need for business and tourism thunder valley casino hotel phone numbertravel to recover to stoke demand to compel the operator to reopen the Palms. cashman casino won t load harrah s cherokee casino from my locationdrake casino 100 free spinsWith 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.The state reported 1,055 new COVthunder valley casino hotel phone numberID-19 tests this week, bringing the Garden State total to 149,013.Senator WorriedCompared to other governors, some say, Murphy has been slow to ease restrictions. The way we’re evaluating the foreclosed properties, is we felt that we took a very hard look at how much of our customer database we can cover in Phase 1, and be most efficient as possible to generate as much revenue as possible. is the seneca niagara casino poker room openBut 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. “That is a rumor. Phil Murphy (D) ordered them to suspend operations. casino near me erie pa blackjack online en vivobrian christopher slots 2016This week, he allowed batting cages, golf driving ranges, horseback riding centers, tennis clubs, shooting ranges, and community gardens to reopen.There’s no word as to when casino gambling might be permitted to resume. 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. The way we’re evaluating the foreclosed properties, is we felt that we took a very hard look at how much of our customer database we can cover in Phase 1, and be most efficient as possible to generate as much revenue as possible. It’s not correct. It’s not correct. Several Atlantic City casinos are again taking hotel reservations. black hawk casino in shawnee oklahoma downstream casino website |