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gta 5 casino slot machinePalms operator Red Rock has seen its stock languish, but it has hedge fund supporters. Of the 11 analysts covering the shares, six have “buy” or “outperform” marks on thdraftkings casino near mee stock, while five have the equivalent of a “neutral” grade on it.“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. cache creek casino spaPalms operator Red Rock has seen its stock languish, but it has hedge fund supporters. 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 slots no sign up boomtown casino fort mcmurray entertainmentadmiral casino brightonHard 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. (NASDAQ:RRR) is cobbling together some momentum. Of the 11 analysts covering the shares, six have “buy” or “outperform” marks on thdraftkings casino near mee stock, while five have the equivalent of a “neutral” grade on it.no deposit bonus for bella vegas casinoEarlier 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. Bloustein School of Planning and Public Policy noted the concentration concerns are relevant and that Atlantic City faces increasing competition from othe(NASDAQ:RRR) is cobbling together some momentum. drake casino no deposit promo codes valley forge casino logooxford hotel and casino room ratesEven with the aforementioned recent bullishness deployed on Red Rock, the stock is up just 15.12 percent year-to-date, putting it well behind the S&P 500 and regional gaming names of comparable size, such as Boyd Gaming (NYSE:BYD) and Penn National Gaming (NASDAQ:PENN).Hedgedraftkings casino near me fund ownership of Red Rock is also behind that of regional rivals such as Penn National and Eldorado Resorts (NASDAQ:ERI). In 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. The average price target on Red Rock is .10 and the stock closed at .38 on Friday, indicating that if the run higher continues, analysts may be forced to boost price estimates.On a scale of one to five, with one being “very bearish” and five being “very bullish,” the average numerical rating on Red Rock is 3.82. Buyers of the shares, professional and retail alike, that embraced the stock in the July through September period are being rewarded, as the shares have surged 39.50 percent off the August lows and are up nearly 10 percent this month.Trying To Get Back In The GameBroadly speaking, Wall Street analysts have been cautious on Red Rock stock this year amid a slow post-renovation ramp-up at the Palms. In 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. Even with the aforementioned recent bullishness deployed on Red Rock, the stock is up just 15.12 percent year-to-date, putting it well behind the S&P 500 and regional gaming names of comparable size, such as Boyd Gaming (NYSE:BYD) and Penn National Gaming (NASDAQ:PENN).Hedgedraftkings casino near me fund ownership of Red Rock is also behind that of regional rivals such as Penn National and Eldorado Resorts (NASDAQ:ERI). table games at four winds casino 3 card poker casino near me |