U.p. Casinos the Fiesta Henderson, Fiesta Rancho, Palms, and Texas Station will reopen, something that could be weighing on the stock today. gold coast casino tunica ms 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. borgata casino covid update Seems 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. riverwind casino hotel norman ok None of the aforementioned venues are on the Strip. But Station Casinos have exposure to Strip trends, which Wiecynski says could portend a “protracted cash flow recovery” relative to rival regional gaming companies.

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 Bar Anxq Even under the rosiest of assumptions, that scenario is unlikely to change until at least early to mid-2021. 7 casino smith river Making matters tougher for the Sin City recovery trajectory is that following initial signs of pent-up demand during the early June reopening period, a second wave of COVID-19 cases hit California and Arizona. aliante casino employment Roulette Casino Bruxelles Ekrk That prompted some operators to say demand from vital Las Vegas drive-in markets is declining. choctaw casino durant poker As Wieczynski notes, although Red Rock doesn’mgm casino resortt operate Strip venues, the company is levered to the strength of that area.

Key Insights and Expert Analysis

“From a direct perspective, we are keenly focused on the company’s hybrid properties, led by the Palms. We view the success of these properties as directly tied to the economic vibrancy along the Strip, which, in our view, raises the probability of a protracted recovery,” he said. He adds that one of the company’s core demographics is Strip staffers that frequent Station venues after their shifts. Until the fiscal health of that group improves, it will be difficult for Red Rock to make a full recovery. hallmark casino no rules bonus 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.

There was no mention of the Palms being sold, a rumor that popped earlier this year, but was subsequently put to rest by management. r casino royale arabian do online casinos pay real money Wieczynski says it’s anyone’s guess how the investment community will react if the Palms isn’t reopened, or if it’s sold. “We wonder how investors will react if The Palms isn’t reopened or even eventually sold? santa ana star casino in albuquerque Would they applaud management for cutting ties, or put them in the penalty box because it was a bad use of capital? Wild Casino Delete Account Zcof ” He has a price target on Red Rock stock, implying 16. directions to tachi palace casino free triple 7 slot machines

6 percent upside from current levels. nearest casino to kibimmee fl Virgin Atlantic, the airline founded by British billionaire Richard Branson, has filed for bankruptcy protection in themgm casino resort United States amid the coronavirus pandemic. Richard Branson’s investment in Las Vegas will not be impeded by his Virgin Atlantic filing for bankruptcy. Liberty Slots No Deposit Bonus Zubu (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. 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.

“The approval process is in motion and we expect the recapitalization to come into effect in September,” Virgin Atlantic said in a statement. Branson remains the majority owner in the airliner, the man worth an estimated . big dollar casino register 7 billion retaining a 51 percent stake. paragon casino resort louisiana Las Vegas ImpactThe Virgin no deposit bonus casino greece