2024.07.19
casino mirage santa anaThat indicates investors are focusing on comments from management confirming that the Palms isn’t for sale. Red Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. “On the other hand, we believe the company’s direct and indirect exposure to the Las Vegas Strip could lead to a protracted operating cash flow recovery, as compared to its regional operator peers.”Red Rock is the parent company of Station Casinos. pa online casinos 2021With 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 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. This week, he allowed batting cages, golf driving ranges, horseback riding centers, tennis clubs, shooting ranges, and community gardens to reopen.There’s no word as to when casino gambling might be permitted to resume. borgata online casino full site river spirit casino resortmgm grand hotel casino email addrebThat indicates investors are focusing on comments from management confirming that the Palms isn’t for sale. g for South Jersey’s future.”But the governor said last week that the stateslot machine casino wisconsinThis week, he allowed batting cages, golf driving ranges, horseback riding centers, tennis clubs, shooting ranges, and community gardens to reopen.There’s no word as to when casino gambling might be permitted to resume. “That is a rumor. “That is a rumor. seneca niagara casino king suite harrington casino online pokercool cat casino downloadFirst, there’s the obvious need for business and tourism thunder valley casino hotel phone numbertravel to recover to stoke demand to compel the operator to reopen the Palms. g for South Jersey’s future.”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.First, there’s the obvious need for business and tourism thunder valley casino hotel phone numbertravel to recover to stoke demand to compel the operator to reopen the Palms. Second, a core constituency for Red Rock’s local venues are employees of other Strip casinos. That indicates investors are focusing on comments from management confirming that the Palms isn’t for sale. mountaineer casino buffet black lotus casino promo |