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2024.07.12
new desert diamond casinoBut one analyst sees opportunity with the stock should management opt to return the company to its core competencies. (Image: Las Vegas Review-Journal)Following a better-than-expected second-quarter earnings report delivered yesterday after the close of US markets, Red Rock executives were unable to give a definitive timeline as to when or if the Fiesta Henderson, Fiesta Rancho, Palms, and Texas Station will reopen, something that could be weighing on the stock today.In reiterating a “hold” rating on Red Rock stock, Stifel analyst Steven Wieczynski said that management could eschew the glitz and frivolities of many non-gaming amenities that are so vital to Las Vegas Strip operators, and focus more on pure gaming.Seems like management is starting to think about changing their operating strategy moving forward and going back to more of the old Station Casino model, which focused more on customers and pure gaming versus all the fancy non-gaming amenities,” Wieczynski said.None of the aforementioned venues are on the Strip. That prompted some operators to say demand from vital Las Vegas drive-in markets is declining.As Wieczynski notes, although Red Rock doesn’t operate Strip venues, the company is levered to the strength of that area.“From a direct perspective, we are keenly focused on the company’s hybrid properties, led by the Palms. bovada casino payout reviewsWe view the success of these properThat prompted some operators to say demand from vital Las Vegas drive-in markets is declining.As Wieczynski notes, although Red Rock doesn’t operate Strip venues, the company is levered to the strength of that area.“From a direct perspective, we are keenly focused on the company’s hybrid properties, led by the Palms. That would be a positive for LVS and Genting, because, after Singapore, Malaysia is the second-largest feeder market for the city-state’s casinos.Expansions Are CriticalTan said Singapore is evaluating avenues for luring more corporate and leisure travelers to the country.Whether it is a broader range of business visitors or, for example, small groups of tightly controlled leisure visitors, all these are being considered and are on the table,” he said in the Bloomberg interview.Although gaming is obviously the bread and butter of any casino property, both MBS and Resorts World have some of the better non-gaming attractions in the industry. casino near me san juan puerto rico gold coast casino lvfour winds casino schedulingAquarium, golf courses, and a deep-yachting marina.But one analyst sees opportunity with the stock should management opt to return the company to its core competencies. That would be a positive for LVS and Genting, because, after Singapore, Malaysia is the second-largest feeder market for the city-state’s casinos.Expansions Are CriticalTan said Singapore is evaluating avenues for luring more corporate and leisure travelers to the country.Whether it is a broader range of business visitors or, for example, small groups of tightly controlled leisure visitors, all these are being considered and are on the table,” he said in the Bloomberg interview.Although gaming is obviously the bread and butter of any casino property, both MBS and Resorts World have some of the better non-gaming attractions in the industry. foxwoods resort casino 301 entry listBut Station Casinos have exposure to Strip trends, which Wiecynski says could portend a “protracted cash flow recovery” relative to rival regional gaming companies.Strip ExposureConfounding operators with Strip exposure is that many travelers are reluctant to hop on planes to get to Las Vegas without a coronavirus vaccine. The bad news is the pandemic will delay enhancements to Singapore’s gaming properties. Any locals hoping to enter the gaming properties must be annual levy holders and members of the Sands or Resorts World customer loyalty programs.Further weighing on the travel and leisure inseven feathers casino resort pricesdustry’s hopes in Singapore is that the city-state’s borders remain mostly closed. clearwater casino kt tunstall pechanga casino 4th of july fireworks 2021slot casino betfairFor example, MBS has the Art and Science Museum, Sands SkyPark, and Observation Deck, among other attractions, while the Genting venue is home to Universal Studios Singapore and the S.E.A. With the fate of the Palms still undecided, investors seven feathers casino resort pricesneed to be patient with Red Rock Resorts, says an analyst. Vegas Sands (LVS) and Genting Singapore, the owners of the two venues, previously pledged to spend a combined .27 billion to expand non-gaming attractions at the properties. Aquarium, golf courses, and a deep-yachting marina.Any locals hoping to enter the gaming properties must be annual levy holders and members of the Sands or Resorts World customer loyalty programs.Further weighing on the travel and leisure inseven feathers casino resort pricesdustry’s hopes in Singapore is that the city-state’s borders remain mostly closed. LVS said it has the financial resources to pursue Asia-Pacific investments and survive 18 months or longer in a zero-revenue environment.That’s the good news. free online poker for beginners resorts casino catskills ny |