Seminole Casino Players Card rged 82 percent in the second quarter, compared with the same period in 2019. Due to the severe adverse impact of the coronavirus crisis on casino operators’ 2020 results, 2021 numbers are being compared to pre-pandemic data. hotels near sam s town casino in shreveport la As is the case with other comparable operators, such as Boyd Gaming (NYSE:BYD) and Golden Entertainment (NASDAQ:GDEN), Red Rock realized significant margin expansion as a result of the pandemic. Analysts and investors are now pondering if that expansion is sustainable. Is The Atlantis Casino Open Ndni It appears it is for the Boulder Station operator. We believe most of the margin expansion is sustainable. But investors will look for new avenues of growth into next year,” said Macquairie analyst Chad Beynon in a note to clients today. betrivers casino bonus free casino blackjack He reiterates an “outperform” rating on Red Rock stock, with a price target, up from a prior forecast of .

That implies upside of about 37 percent from the Thursday close. Levers for Red Rock UpsideA key constituency for Red Rock is the aforementioned LVLs. blackjack casino facts That segment includes a variety of customers, spanning staffers from Strip casinos to well-heeled retirees that moved to Nevada to enjoy a lower cost of living. While that demographic is proving sturdy and Red Rock is clearly adept at margin expansion, investors are likely eyeing the next acts. That includes the Durango project, which is slated to break ground in the first quarter of 2022, and what the company will do with the influx of cash from selling the Palms earlier thisfour winds casino little river band year. Noting that the operator’s leverage is just 1. 8x and that it repurchased million worth of its own shares during the quarter, Beynon points out Red Rock has a “transformed balance sheet, which will allow for capital returns or inorganic growth should there be an M&A (mergers and acquisitions) opportunity. ”The analyst says the gaming company has multiple undeveloped assets beyond Durango that could each be worth to a share.

Key Insights and Expert Analysis

Odds and EndsRed Rock’s Fiesta Henderson, Fiesta Rancho, and Texas Station remain closed, and one analyst says it’s possible those gaming venues never return to action. intertops casino bonus codes may 2021 “At this point, we aren’t sure when/if the remaining three assets that remain closed will come back online. Liberty Slots Deposit Bonus Tvgl But our guess is that some, if not all of them, might never be reopened,” said Stifel analyst Steven Wieczynski. He has a “hold” rating on Red Rock. blackjack 3d online wild goose casino ellensburg wa But he boosted his price target on the name to from . Reno casino owner and operator Jacobs Entertainment has entered into an agreement to acquire land from the city. encore casino wedding This week, council members signed off on Jacobs paying more than . round casino poker table 07 million for the properties. Free Slot Game Sun And Moon Nevb

The Sands Regency resort in Reno, Nv. Jacobs Entertainment, the owner of the casino, is paying . desert diamond casino yelp Intertops Casino Sportsbook Xbiq 07 million for city-owned property, including a parking lot and vacant land. (Image: Jacobs Entertainment)The Reno City Council this week voted in favor of selling two downtown parcels to the privately held Colorado-basedfour winds casino little river band gaming and hospitality firm. free slot machines with free spins After initially submitting what local leaders considered a lowball offer, Jacobs sweetened its bid. The . 07 million includes . foxwoods online bonus codes little river casino jackpot winners 44 million for West Second Street, which is currently a parking lot, and 1,600 for the vacant 290 Keystone Avenue parcel.

Should Jacobs Entertainment sell either property in the future, Reno stands to collect 25 percent of the net proceeds. You’re getting paid today as well as profit sharing in the future,” Jacobs Entertainment attorney Garrett Gordon told the Reno council. “It’s a very innovative project that’s a win-win. free slot games win real money sycuan casino free play morongo casino las vegas ”Jacobs Entertainment owns and operates the Sands Regency in “The Biggest Little City in the World. ” Jacobs acquired the Reno casino resort in 2017 for million from Truckee Gaming. Jacobs additionally