2024.07.19
little river casino nectar spaFirst, there’s the obvious need for business and tourism 777 hollywood casinotravel to recover to stoke demand to compel the operator to reopen the Palms. Golden Nugget and Ocean Casino have their earliest date as June 15.MGM Resorts’ Borgata, the casino that pulls in more money than any other Atlantic City property, is delaying reservations until July 1.All nine casinos in Atlantic City have been closed since March 16, when New Jersey Gov. (Image: Matt Rourke/AP)Hard Rock Atlantic City is accepting room reservations for arrivals beginning May 28. free online slots for funThe year-over-year numbers may not be comparable because Red Rock took a million charge in the quarter related to paying staff in April while gaming properties were shuttered because of the coronavirus.Glum first-quarter results are a prominent theme in the gaming industry this year. 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.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. thunder valley casino parking firekeepers casino securityblackjack online el paisPhil Murphy (D) ordered them to suspend operations. Phil Murphy (D) ordered them to suspend operations. That indicates investors are focusing on comments from management confirming that the Palms isn’t for sale. clearwater casino closedPhil Murphy (D) ordered them to suspend operations. Analysts expected a loss of just a penny a share on turnover of 3.43 million. Second, a core constituency for Red Rock’s local venues are employees of other Strip casinos. casino slot winners 2020 jamul casino igfree slots 777(Image: Matt Rourke/AP)Hard Rock Atlantic City is accepting room reservations for arrivals beginning May 28. “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. Those properties include Boulder Station, Green Valley Ranch Resort, Palace Station, Red Rock Resort, Santa Fe, Sunset Station – most of which target Las Vegas locals.Fertitta said the plan is to reopen the Palms, but that will be dependent on demand the operator sees at its other venues.Levered to the StripWieczynski notes Red Rock’s exposure to the Strip is twofold. Several Atlantic City casinos are again taking hotel reservations. The way we’re evaluating the foreclosed properties, is we felt that we took a very hard look at how much of our customer database we can cover in Phase 1, and be most efficient as possible to generate as much revenue as possible. Right?Recently, speculation swirled about the post-virus 777 hollywood casinofate of the venue, with talk that Red Rock could leave the Palms closed while trying to find a buyer.‘Mixed Emotions’Following a shutdown that spanned two months, gaming properties in some states are reopening, while some marquee Strip venues are planning to soon follow suit. poker au casino thunder valley casino twitter |