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2024.07.19
oxford casino barShares of Red Rock Resorts (NASDAQ:RRR) are soaring Wednesday, even after the operator posted first-quarter results that badly missed estimates. Phil Murphy (D) ordered them to suspend operations. It’s not correct. can i bet on draftkings in virginiaAnd that’s a major concern for one of the state’s most powerful lawmakers. Phil Murphy (D) ordered them to suspend operations. Red Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. brian christopher slots you tube morongo casino gamesvegas x online casino real moneyBut there’s no word from the governor’s office as to when they might be permitted to reopen. Shares of Red Rock Resorts (NASDAQ:RRR) are soaring Wednesday, even after the operator posted first-quarter results that badly missed estimates. And that’s a major concern for one of the state’s most powerful lawmakers. cliff castle casino shuttle“That is a rumor. Second, a core constituency for Red Rock’s local venues are employees of other Strip casinos. (Image: Matt Rourke/AP)Hard Rock Atlantic City is accepting room reservations for arrivals beginning May 28. palace station hotel and casino oyster bar seneca casino niagara falls n.yhard rock casino logoBut the governor said last week that the stateWith 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 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. But 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 is the little river casino opentravel to recover to stoke demand to compel the operator to reopen the Palms. 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.win real money casino slots black bear casino gift shop |