Island View Casino Offers erson, Fiesta Rancho, Palms, and Texas Station are slated to remain shuttered until June 30, 2021, and Red Rock executives say they don’t know if or when those properties will reopen. Brian Christopher Slot Channel Egax Still Bullish While the future of that quartet is murky, Wieczynski is enthusiastic about Red Rock’s prospects, noting 2022 EBITDA in Las Vegas should exceed the 2019 mark by a healthy margin. The analyst increased his 2021 EBITDA forecast on Red Rock to 9 million from 3 million, while lifting his 2022 projection to 1 million to 9 million, citing improving fundamentals in the LVL segment. scarlet pearl casino gulfport mibibippi 777 casino near me There’s something to that thesis, because Station casinos are less reliant on business travel and tourists arriving from outside Nevada than are competing Strip venues. Real Money Online Casino Kansas Rsld “Looking past the current subdued operating environment, we continue to believe the LVL market should boast some of the most attractive fundamentals in all of regional gaming when the world returns to normal,” said Wieczynski.

Factors that were at play prior to the COVID-19 pandemic, including increasing diversity in Southern Nevada’s labor force and the region’s rising population of retirees, should reappear after the virus is defeated, bolstering the case for Red Rock, said the analyst. hallmark casino 365 Palms PauseRed Rock’s decision to keep the Palms, the operator’s glitziest venue, closed until June 2021 stoked speculation the company could be looking to sell the resort. But management scoffed at those rumors. online gambling vs casino Although triverwind casino crab legshe Palms isn’t on the Strip, Wieczynski says the health of that venue is directly tied to vibrancy on the Strip. “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.

Key Insights and Expert Analysis

This month, brothers Frank and Lorenzo Fertitta bought about million worth of RRR stock, propelling the name to a gain of more than 58 percent over the past 30 days. Frank is the chief executive, while Lorenzo is a vice president, and each hold a board seat. Wieczynski lifted his price target on Red Rock to from , implying modest upside from the . 50 area at which it currently trades. online poker holland casino Early reports out of Lake Charles, Louisiana, suggest that the city near the east Texas border has been “severely damaged” and the Isle of Capri Casino wrecked after Hurricane Laura ripped through the area early Thursday morning.

The Isle of Capri in Lake Charles before (inset), and after, Laura tore through the city last night. free casino slots apk Boomtown Casino Restaurants Hpqh (Image: Twitter/Pinterest)The first images show that the floating casino became unmoored during the storm and crashed into the I-10 bridge over the Calcasieu River. river spirit casino concerts aliante casino cabana Images posted to social media reveal the vessel has become stuck in the bridge’s foundations. One Twitter user who uploaded a photo described the scene as “incredible and terrifying. ”Meanwhile, footage from Houston-based Ariverwind casino crab legsBC affiliate KTRK-TV shows the roof of one of the Golden Nugget Casino’s hotel towers disintegrating. free casino slot games app Mgm Casino Events National Harbor Uxpp

Casinos Told to ShutterSome of Lake Charles’ 78,000 residents had taken advantage of buses provided by the city, transporting evacuees to East Louisiana. But many stayed, observing a curfew from Wednesday night. fanduel casino app not working mohegan sun casino youtube The city’s casinos had been ordered to shutter early Wednesday. new cool cat casino bonus codes But hundreds of refinery workers and first responders were understood to be staying in the Nugget’s hotel to shelter from the storm, according to KTRK-TV. It’s not clear whether there was anyone on the Isle of Capri when it lost its mooring. chinook winds casino free rv parking no deposit bonus casino sites

Other images this morning depict office buildings in downtown Lake Charles with their windows entirely blown out. 2011 winstar world casino 350k The Washington Post reports that power lines are down and many of the streets unpassable because of flooding and rubble. wild vegas casino no deposit bonus No