2024.07.19
river spirit casino players clubData confirms there were some market participants stepping into the regional gaming name during that time frame.At Q3’s end, a total of 17 of the hedge funds were long this stock, a change of six percent from the previous quarter,” according to hedge fund data tracker Insider Monkey.Hedge fund ownership of Red Rock equity is off the highs seen in mid-2018, but ticked higher from the second quarter. Hard Rock Atlantic City is doing well, but CEO Jim Allen isn’t pleased with the overall market. The property was acquired from billionaire financier Carl Icahn. free casino games slot gamesHowever, some funds have recently been adding to or initiating stakes in the Station Casinos operator in a big way.With hedgies’ sentiment swirling, there exists an ‘upper tier’ of key hedge fund managers who were boosting their holdings substantially (or already accumulated large positions),” notes Insider Monkey.As of Sept. Palms operator Red Rock has seen its stock languish, but it has hedge fund supporters. Bloustein School of Planning and Public Policy noted the concentration concerns are relevant and that Atlantic City faces increasing competition from othefree slots penny is hard rock casino open todaycache creek casino events“There’s no other way to say it.”Allen said Hard Rock is second in terms of gross gaming revenue (GGR) on the Boardwalk, saying the company has made a “major statement” in New Jersey. rt to 2019, including a nasty tumble that lasted for much of the second and third quarters, Red Rock Resorts, Inc. (Image: USA Today)The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. big dollar casino free money no depositBloustein School of Planning and Public Policy noted the concentration concerns are relevant and that Atlantic City faces increasing competition from othe“There’s no other way to say it.”Allen said Hard Rock is second in terms of gross gaming revenue (GGR) on the Boardwalk, saying the company has made a “major statement” in New Jersey. 30, the hedge fund with the largest position in Red Rock in dollar terms was Diamond Hill Capital, which owned almost 8 million worth of the gaming company’s stock. paragon casino louisiana aliante casino and hotel las vegasblack lotus casino bonus codes may 2021In the third quarter, the nine operators in that market posted gross operating profits (GOP) of 9.4 million, a 12.5 percent year-over-year increase.Too CrowdedAllen isn’t the first CEO of a company operating in Atlantic City to complain about the market. Earlier this year, Golden Nugget CEO Tilman Fertitta said the Boardwalk isn’t a nine-casino area, and that the region is currently too saturated with gaming properties. (Image: USA Today)The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. (Image: USA Today)The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. 30, the hedge fund with the largest position in Red Rock in dollar terms was Diamond Hill Capital, which owned almost 8 million worth of the gaming company’s stock. Earlier this year, Golden Nugget CEO Tilman Fertitta said the Boardwalk isn’t a nine-casino area, and that the region is currently too saturated with gaming properties. cliff castle casino castle club valley forge casino news |