brian christopher slots from vegas“We come away impressed with RRR’s resolve in maximizing free cash flow at its simple business model, a focus on one major gaming market, the LV Locals, whose economic underpinnings are driven by population growth and less dependency on the health of the LV Strip versus 12 to 15 years ago, when the correlation was relatively high,” he said.8 percentAugust — 9M — down 30.4M — down 46.nearest choctaw casinoWhen you die.At the onset of the pandemic, some analysts fretted about operators’ exposure to the LVL group, hypothesizing that mass furloughs and layoffs at Strip resorts would pinch companies like Red Rock dependent on the locals demographic.During the pandemic, Borgata cut one in four jobs.club player casino payout

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mgm grand casino houston texasThat represents a 107 percent premium on October 2019.There’s something to that theory, because Nevada had an unemployment rate of 9.During the pandemic, Borgata cut one in four jobs.is santa ana casino open right now4M — down 46.5M — down 15.Executives are taking a measured approached to those properties, noting that patrons that usually frequented those venues are making their way to other Red Rock casinos.list of lake tahoe casinos

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santa ana casino pool5 million last month.”Positives in the Locals MarketA key constituency for Red Rock is the group known as Las Vegas locals, or LVLs.“We come away impressed with RRR’s resolve in maximizing free cash flow at its simple business model, a focus on one major gaming market, the LV Locals, whose economic underpinnings are driven by population growth and less dependency on the health of the LV Strip versus 12 to 15 years ago, when the correlation was relatively high,” he said.It’s a scenario prompting the operator to keep four of its Southern Nevada venues, including Palms Las Vegas, shuttered until next June.There’s something to that theory, because Nevada had an unemployment rate of 9.desert diamond casino owner