2024.07.20
casino 8 billings montanaAnd that’s a major concern for one of the state’s most powerful lawmakers. 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. But the governor said last week that the stateonline casino games real money no deposit“On the other hand, we believe the company’s direct and indirect exposure to the Las Vegas Strip could lead to a protracted operating cash flow recovery, as compared to its regional operator peers.”Red Rock is the parent company of Station Casinos. 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. Red Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. paypal and online gambling big dollar casino registerscarlet pearl casino and resortRed Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. This 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. (Image: Las Vegas Review-Journal)The company said it lost .18 a share on revenue of 7.39 in the January through March period. sam s town casino buffetAnalysts expected a loss of just a penny a share on turnover of 3.43 million. That indicates investors are focusing on comments from management confirming that the Palms isn’t for sale. It’s not correct. casino near me free drinks island resort and casino diningblack oak casino mask policy(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. Second, a core constituency for Red Rock’s local venues are employees of other Strip casinos. 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. 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. This 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. mgm casino owner casino near casino |