Doubledown Casino Ddpc 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. 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. 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. 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. 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 thisblackjack online real money reddit 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. aliante casino news restaurants in the bellagio casino las vegas ”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. Mgm Grand Casino Hotel Detroit Michigan Urhp “At this point, we aren’t sure when/if the remaining three assets that remain closed will come back online. ok google san manuel casino But our guess is that some, if not all of them, might never be reopened,” said Stifel analyst Steven Wieczynski. bicycle casino scholarship He has a “hold” rating on Red Rock. seminole casino 38 special 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. This week, council members signed off on Jacobs paying more than . hard rock casino cincinnati ohio 07 million for the properties. encore casino games collection mgm casino washington

The Sands Regency resort in Reno, Nv. Jacobs Entertainment, the owner of the casino, is paying . paragon casino slots jackson rancheria casino gift of the week 07 million for city-owned property, including a parking lot and vacant land. casino blackjack simulator (Image: Jacobs Entertainment)The Reno City Council this week voted in favor of selling two downtown parcels to the privately held Colorado-basedblackjack online real money reddit gaming and hospitality firm. wynn las vegas sky casino Chukchansi Casino Membership Vkkf After initially submitting what local leaders considered a lowball offer, Jacobs sweetened its bid. Error Code: 521 Vkif Switzerland The . Draftkings Casino Locations Mzoc 07 million includes . 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. casino extreme no deposit bonus codes 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. drake casino reviews ”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. pechanga casino hotel phone number nearest casino in iowa Jacobs additionally owns Gold