2024.07.17
twin.river casinoTropicana, Caesars, Harrah’s, Bally’s, and Resorts are taking bookings for stays starting on June 7. 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. It’s not correct. raging bull casino 50 free 2021Red Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. Golden Nugget and Ocean Casino have their earliest date as June 15.MGM Resorts’ Borgata, the casino that pulls in more money than any other Atlantic City property, is delaying reservations until July 1.All nine casinos in Atlantic City have been closed since March 16, when New Jersey Gov. Golden Nugget and Ocean Casino have their earliest date as June 15.MGM Resorts’ Borgata, the casino that pulls in more money than any other Atlantic City property, is delaying reservations until July 1.All nine casinos in Atlantic City have been closed since March 16, when New Jersey Gov. chumba casino best slot free online slots real moneyis coushatta casino pet friendlyAnd that’s a major concern for one of the state’s most powerful lawmakers. 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. Several Atlantic City casinos are again taking hotel reservations. casino z no deposit bonusTropicana, Caesars, Harrah’s, Bally’s, and Resorts are taking bookings for stays starting on June 7. Red Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. With 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.sunset station casino steakhouse free online 3 card pokerwild grizzly casinoShares of Red Rock Resorts (NASDAQ:RRR) are soaring Wednesday, even after the operator posted first-quarter results that badly missed estimates. With 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.Tropicana, Caesars, Harrah’s, Bally’s, and Resorts are taking bookings for stays starting on June 7. But there’s no word from the governor’s office as to when they might be permitted to reopen. 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. Shops along the Atlantic City Boardwalk remain closed, but casinos hope to soon reopen. hard rock lake tahoe resort casino coushatta casino slot machines |