2024.07.20
map of sunset station casino“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. Hard Rock Atlantic City is doing well, but CEO Jim Allen isn’t pleased with the overall market. (Image: USA Today)The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. lucky dragon net downloadPalms operator Red Rock has seen its stock languish, but it has hedge fund supporters. Long Pond Capital was next at .2 million.Notable TargetDuring the third quarter, new hedge fund buyers of Red Rock Resorts equity included Zimmer Partners, Steve Cohen’s Point72 Asset Management, Centenus Global Management, Weld Capital Management and Neo Ivy Capital.Those investments could be further rewarded if sell-side analysts move their price forecasts on the stock higher, which they could be prompted to do over the near-term. Long Pond Capital was next at .2 million.Notable TargetDuring the third quarter, new hedge fund buyers of Red Rock Resorts equity included Zimmer Partners, Steve Cohen’s Point72 Asset Management, Centenus Global Management, Weld Capital Management and Neo Ivy Capital.Those investments could be further rewarded if sell-side analysts move their price forecasts on the stock higher, which they could be prompted to do over the near-term. free online slots sky rider free online slot machinesroulette casino machineIn a recent interview with Global Gaming Business (GGB), Allen expressed dismay that the city hasn’t done more, given Hard Rock’s level of investment on the Boardwalk.Candidly, we’re disappointed with Atlantic City,” said Allen in the interview. (Image: Philadelphia Inquirer)The Hard Rock Atlantic City opened in June 2018 and the operator poured 0 million into sprucing up the venue that was formerly the Trump Taj Mahal. 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. desert diamond casino upcoming showsIn 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. Hard Rock Atlantic City is doing well, but CEO Jim Allen isn’t pleased with the overall market. cashman casino contact number river spirit casino in tulsaplay free casino slot games online no downloadEarlier 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: Philadelphia Inquirer)The Hard Rock Atlantic City opened in June 2018 and the operator poured 0 million into sprucing up the venue that was formerly the Trump Taj Mahal. rt to 2019, including a nasty tumble that lasted for much of the second and third quarters, Red Rock Resorts, Inc. Bloustein School of Planning and Public Policy noted the concentration concerns are relevant and that Atlantic City faces increasing competition from othe(Image: USA Today)The Palms operator’s recent gains validate intrepid investors’ thesis that the stock looked appealing around its third-quarter nadir. Hard Rock International CEO Jim Allen has a bone to pick with Atlantic City, N.J., the East Coast gaming hub and home to one of his company’s properties. ruby slots app oxford casino maine hotel |