Sunset Station Casino Login m Fox News suggests Trump has a tough road ahead. In a theoretical Biden vs. paragon casino poker room desert diamond casino salaries 1 casino court torquay 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. (NASDAQ: RRR), the operator of 20 casinos, could be a compelling bet for investors in the future. 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.

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. zynga poker vip ”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. ”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. is mgm casino open in detroit The company acquired the Palms in 2016 for 2. mgm casino vietnam 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. cliff castle casino phone number

Key Insights and Expert Analysis

“RRR is now entering harvest mode – on our 2020 estimates we calculate a robust 14% free poker flats casinocash flow yield,” said Shojaian. “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. Free Slots Instant Play Aade Netherlands 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. Bovada Casino Hacks Idcv

Over the near-term, Red Rock may prioritize deleveraging its balance sheet, according to Shojaian. At the end of the first quarter, the company had 9. sycuan casino wiki 2 million in cash on hand, but billion in debt. river spirit casino news roulette wheel casino rules “In the near-term we also expect RRR to prioritize deleveraging,” said the Wolfe Research analyst. harrah s cherokee casino resort map “Historically RRR has not aggressively returned capital, and we may see additional development opportunities take priority over share repurchases. Brian Christopher Slots Palm Springs Klmu Netherlands ”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 wpoker flats casinoas started in 2016. admiral casino uk contact number The Online Casino Promo Codes Mohd

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. morongo casino golf course 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. (NASDAQ: CZR) could sell if it is acquired. kansas star casino restaurants Shojaian also forecasts a double-digit free cash flow yield for Boyd with the potential for what the analyst called aggressive return of capital. is cliff castle casino open today

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