2024.07.19
red stag casino lobbyAnalysts expected a loss of just a penny a share on turnover of 3.43 million. 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.But there’s no word from the governor’s office as to when they might be permitted to reopen. hollywood casino horse racingFirst, there’s the obvious need for business and tourism is the little river casino opentravel to recover to stoke demand to compel the operator to reopen the Palms. Red Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. (Image: Matt Rourke/AP)Hard Rock Atlantic City is accepting room reservations for arrivals beginning May 28. oxford casino rewards double u down free slotsviejas casino californiaPhil Murphy (D) ordered them to suspend operations. Phil Murphy (D) ordered them to suspend operations. He’s gradually announced reopening of businesses day-by-day. download cashman casino slotsBut 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. That indicates investors are focusing on comments from management confirming that the Palms isn’t for sale. casino mirage santa ana el morongo casino hotelborgata casino atlantic city buffetSecond, a core constituency for Red Rock’s local venues are employees of other Strip casinos. Right?Recently, speculation swirled about the post-virus is the little river casino openfate of the venue, with talk that Red Rock could leave the Palms closed while trying to find a buyer.‘Mixed Emotions’Following a shutdown that spanned two months, gaming properties in some states are reopening, while some marquee Strip venues are planning to soon follow suit. But there’s no word from the governor’s office as to when they might be permitted to reopen. 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. He’s gradually announced reopening of businesses day-by-day. Analysts expected a loss of just a penny a share on turnover of 3.43 million. resorts casino sign up bonus poker 007 casino royale |