jamul casino table gamesRichard Branson’s investment in Las Vegas will not be impeded by his Virgin Atlantic filing for bankruptcy.Problemed PalmsRed Rock management said Tuesday the fate of the Palms and the other still-closed casinos will largely be determined by demand trends at the company’s properties that are currently open.Strip ExposureConfounding operators with Strip exposure is that many travelers are reluctant to hop on planes to get to Las Vegas without a coronavirus vaccine.four winds casino players cardWieczynski says it’s anyone’s guess how the investment community will react if the Palms isn’t reopened, or if it’s sold.He adds that one of the company’s core demographics is Strip staffers that frequent Station venues after their shifts.Would they applaud management for cutting ties, or put them in the penalty box because it was a bad use of capital?island resort and casino upcoming events

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free casino slot games heart of vegasVirgin Atlantic, the airline founded by British billionaire Richard Branson, has filed for bankruptcy protection in thelucky dragon net sign up United States amid the coronavirus pandemic.But construction was deemed essential and permitted to continue.Delta Air Lines, which holds a 49 percent stake in Virgin Atlantic, has agreed to defer payments it is owned, and hedge fund Davidson Kempner has agreed to loan the airline nearly a quarter of a billion dollars.hollywood casino las vegas“The approval process is in motion and we expect the recapitalization to come into effect in September,” Virgin Atlantic said in a statement.That prompted some operators to say demand from vital Las Vegas drive-in markets is declining.Wieczynski says it’s anyone’s guess how the investment community will react if the Palms isn’t reopened, or if it’s sold.treasure island resort and casino florida

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hard rock casino tahoeSeems like management is starting to think about changing their operating strategy moving forward and going back to more of the old Station Casino model, which focused more on customers and pure gaming versus all the fancy non-gaming amenities,” Wieczynski said.In March of 2018, Virgin, along with Bosworth Hospitality Partners and investment and real estate development firms Juniper Capital Partners and Fengate Asset Management, acquired the Hard Rock Hotel and Casino in Las Vegas for an undisclosed sum.(Image: Tania Steere/Virgin)Executives say the move is part of a court process to restructure the company’s finances, and has the support of the airline’s major creditors and owners.In reiterating a “hold” rating on Red Rock stock, Stifel analyst Steven Wieczynski said that management could eschew the glitz and frivolities of many non-gaming amenities that are so vital to Las Vegas Strip operators, and focus more on pure gaming.Strip ExposureConfounding operators with Strip exposure is that many travelers are reluctant to hop on planes to get to Las Vegas without a coronavirus vaccine.Richard Branson’s investment in Las Vegas will not be impeded by his Virgin Atlantic filing for bankruptcy.seven feathers casino buffet oregon