Free Slots Real Rewards m Fox News suggests Trump has a tough road ahead. In a theoretical Biden vs. hard rock casino south lake tahoe Trump matchup, the poll conducted by Braun Research in New Jersey found that the former VP has a 10-point lead on the 45th president. Red Rock Resorts Inc. is kansas star casino still open (NASDAQ: RRR), the operator of 20 casinos, could be a compelling bet for investors in the future. peppermill casino poker room But at least one analyst sees some difficulties in estimating the impact of the company’s efforts to ramp up the Palms Las Vegas following an expensive renovation of the off-Strip property. club player casino free chip codes

Red Rock’s efforts to ramp up the Palms Las Vegas could prove tricky for the stock. (Image: Palms Las Vegas)Wolfe Research analyst Jared Shojaian initiated coverage of Red Rock Resorts shares with a “peer perform” rating, which is the equivalent of a “hold. ”In a note out last Friday, Shojaian said Red Rock “is an interesting story, but we’re initiating with a Peer Perform rating largely because of our concerns that consensus estimates may be too aggressive with difficulty forecasting the Palms ramp. liberty slots casino instant flash play ”Las Vegas-based Red Rocks is close to finalizing 1 million in refurbishments at the Palms and the Palace Station, another Las Vegas off-Strip gaming property. Boomtown Casino In Shreveport Eoru The company acquired the Palms in 2016 for 2. go karts at foxwoods resort casino 5 million and the effort to add new clubs and dining options while updating the venue’s gaming floor and guest rooms has proven costly. seminole casino locations in florida

Key Insights and Expert Analysis

“RRR is now entering harvest mode – on our 2020 estimates we calculate a robust 14% free borgata casino towelscash flow yield,” said Shojaian. online casino win real money “However, there is inherently more forecast error forecasting (sic) the ramp at Palms, returns on the renovation could disappoint given it’s more of a hybrid property, and we fear there is risk out-year estimates could be too aggressive,” he added. harrah s cherokee casino tennebee Casino Resorts Usa Kzhr Near-Term RisksAs Shojaian points out, Red Rock derives 14 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from managing the Graton Resort & Casino, a tribal gaming property near Rohnert Park, California. That management deal expires in November 2020 and Shojaian does not see it being renewed. Red Rock’s Graton pact could be replaced with a similar accord to run a new project known as North Fork, a proposal by California’s Mono tribe to build a casino off highway 99 near Madera. North Fork has been slowed by legal wranglings and may not even come to fruition. harrah s casino shreveport

Over the near-term, Red Rock may prioritize deleveraging its balance sheet, according to Shojaian. bcslots grand casino hinckley At the end of the first quarter, the company had 9. 2 million in cash on hand, but billion in debt. Riverwind Casino Rv Parking Pcox “In the near-term we also expect RRR to prioritize deleveraging,” said the Wolfe Research analyst. 7 casino slots “Historically RRR has not aggressively returned capital, and we may see additional development opportunities take priority over share repurchases. boomtown casino hours of operation ”Like many of its larger peers, Red Rock pays a dividend, but the quarterly payout of 10 cents a share has not increased since it wborgata casino towelsas started in 2016.

Bet On Boyd In a separate note, Shojaian started coverage of Boyd Gaming Corp. (NYSE: BYD) with an “outperform” rating and a price target, well above last Friday’s close of . 36. Viva Club Casino Miami Nsud The analysts sees Boyd — whose properties include the Cannery, Fremont, and Sam’s Town in Las Vegas — as offering the most attractive valuation among regional gaming companies and growth catalysts, such as strong demand in Las Vegas and the possibility to acquire assets that Caesar’s Entertainment Corp. 7 seven feathers casino (NASDAQ: CZR) could sell if it is acquired. resorts casino 100 free spins code Shojaian also forecasts a double-digit free cash flow yield for Boyd with the potential for what the analyst called aggressive return of capital. 2 player poker online free

Boyd is already doing that, having recently boosted its quarterly dividend by 16.