Hard Rock Casino Number rged 82 percent in the second quarter, compared with the same period in 2019. Due to the severe adverse impact of the coronavirus crisis on casino operators’ 2020 results, 2021 numbers are being compared to pre-pandemic data. As is the case with other comparable operators, such as Boyd Gaming (NYSE:BYD) and Golden Entertainment (NASDAQ:GDEN), Red Rock realized significant margin expansion as a result of the pandemic. encore casino rooms Analysts and investors are now pondering if that expansion is sustainable. It appears it is for the Boulder Station operator. We believe most of the margin expansion is sustainable. penny roulette casino usa But investors will look for new avenues of growth into next year,” said Macquairie analyst Chad Beynon in a note to clients today. sam s town casino buffet He reiterates an “outperform” rating on Red Rock stock, with a price target, up from a prior forecast of .

That implies upside of about 37 percent from the Thursday close. Levers for Red Rock UpsideA key constituency for Red Rock is the aforementioned LVLs. That segment includes a variety of customers, spanning staffers from Strip casinos to well-heeled retirees that moved to Nevada to enjoy a lower cost of living. hard rock casino florida locations While that demographic is proving sturdy and Red Rock is clearly adept at margin expansion, investors are likely eyeing the next acts. That includes the Durango project, which is slated to break ground in the first quarter of 2022, and what the company will do with the influx of cash from selling the Palms earlier thisblackjack online verboten year. Fanduel Casino Free Money Rsbp Noting that the operator’s leverage is just 1. 8x and that it repurchased million worth of its own shares during the quarter, Beynon points out Red Rock has a “transformed balance sheet, which will allow for capital returns or inorganic growth should there be an M&A (mergers and acquisitions) opportunity. ”The analyst says the gaming company has multiple undeveloped assets beyond Durango that could each be worth to a share. draftkings casino colorado

Key Insights and Expert Analysis

Odds and EndsRed Rock’s Fiesta Henderson, Fiesta Rancho, and Texas Station remain closed, and one analyst says it’s possible those gaming venues never return to action. resorts casino greyhound gold coast casino yelp Coolcat Casino Bonus Code Mvhm “At this point, we aren’t sure when/if the remaining three assets that remain closed will come back online. But our guess is that some, if not all of them, might never be reopened,” said Stifel analyst Steven Wieczynski. hollywood casino hours He has a “hold” rating on Red Rock. soaring eagle casino online games But he boosted his price target on the name to from . Reno casino owner and operator Jacobs Entertainment has entered into an agreement to acquire land from the city. slot machine casino near stockton ca sycuan casino marketing director This week, council members signed off on Jacobs paying more than . what time does desert diamond casino open up 07 million for the properties.

The Sands Regency resort in Reno, Nv. golden nugget hotel casino reno nv Paragon Casino Tribe Hnlq Jacobs Entertainment, the owner of the casino, is paying . 07 million for city-owned property, including a parking lot and vacant land. free online poker computer (Image: Jacobs Entertainment)The Reno City Council this week voted in favor of selling two downtown parcels to the privately held Colorado-basedblackjack online verboten gaming and hospitality firm. After initially submitting what local leaders considered a lowball offer, Jacobs sweetened its bid. online casino echeck The . 07 million includes . 44 million for West Second Street, which is currently a parking lot, and 1,600 for the vacant 290 Keystone Avenue parcel. vegas casino online 100 no deposit bonus codes 2021

Should Jacobs Entertainment sell either property in the future, Reno stands to collect 25 percent of the net proceeds. You’re getting paid today as well as profit sharing in the future,” Jacobs Entertainment attorney Garrett Gordon told the Reno council. “It’s a very innovative project that’s a win-win. Zodiac Live Casino Mfod ”Jacobs Entertainment owns and operates the Sands Regency in “The Biggest Little City in the World. ” Jacobs acquired the Reno casino resort in 2017 for million from Truckee Gaming. Jacobs additionally owns Gold Dust casinos in Reno,