drake casino.comHe’s gradually announced reopening of businesses day-by-day. Shares of Red Rock Resorts (NASDAQ:RRR) are soaring Wednesday, even after the operator posted first-quarter results that badly missed estimates. Analysts expected a loss of just a penny a share on turnover of 3.43 million. turtle lake casino food menuBut 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. And that’s a major concern for one of the state’s most powerful lawmakers. But the governor said last week that the stateoxford casino blackjack

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best fanduel casino gameBut 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. First, there’s the obvious need for business and tourism 777 hollywood casinotravel 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. morongo casino room ratesThose 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. “That is a rumor. 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. paragon casino resort marksville la 71351

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nearest casino with hotelRight?Recently, speculation swirled about the post-virus 777 hollywood casinofate 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. The way we’re evaluating the foreclosed properties, is we felt that we took a very hard look at how much of our customer database we can cover in Phase 1, and be most efficient as possible to generate as much revenue as possible. 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.And that’s a major concern for one of the state’s most powerful lawmakers. (Image: Las Vegas Review-Journal)The company said it lost .18 a share on revenue of 7.39 in the January through March period. First, there’s the obvious need for business and tourism 777 hollywood casinotravel to recover to stoke demand to compel the operator to reopen the Palms. casino resorts yuma az