2024.07.17
casino near me dayton ohioShares of Red Rock Resorts (NASDAQ:RRR) are soaring Wednesday, even after the operator posted first-quarter results that badly missed estimates. That indicates investors are focusing on comments from management confirming that the Palms isn’t for sale. It’s not correct. seneca niagara casino smokingBut there’s no word from the governor’s office as to when they might be permitted to reopen. “That is a rumor. 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. borgata online casino rewards chukchansi gold resort casino zoominfoonline casino no deposit bonus codes australiaThe 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. Red Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. 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. nearest casino daventryIt’s not correct. Red Rock Resorts CEO Frank Ferttita (left), seen here with brother Lorenzo, says the company won’t sell the Palms. g for South Jersey’s future.”borgata online casino sign in free slot games price is righta casino near me“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. And that’s a major concern for one of the state’s most powerful lawmakers. Phil Murphy (D) ordered them to suspend operations. Shops along the Atlantic City Boardwalk remain closed, but casinos hope to soon reopen. Several Atlantic City casinos are again taking hotel reservations. 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.casino hotel new jersey coushatta casino hurricane damage |