John Drake Greektown Casino 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. Analysts and investors are now pondering if that expansion is sustainable. nearest mibibippi casino It appears it is for the Boulder Station operator. cashman casino 10k We believe most of the margin expansion is sustainable. But investors will look for new avenues of growth into next year,” said Macquairie analyst Chad Beynon in a note to clients today. 5 blackjack online soaring eagle casino photos He reiterates an “outperform” rating on Red Rock stock, with a price target, up from a prior forecast of . Where Can I Play Slot Machines For Free Xsjd 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. casino near me vancouver wa

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. 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. 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. 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. online casino bonus codes no deposit foxwoods online free slots “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. He has a “hold” rating on Red Rock.

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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. seven feathers casino oregon This week, council members signed off on Jacobs paying more than . black hawk casino idaho springs Zynga Poker Update Problem Wpad Austria 07 million for the properties. casino near me now open The Sands Regency resort in Reno, Nv. Jacobs Entertainment, the owner of the casino, is paying . 07 million for city-owned property, including a parking lot and vacant land. morongo casino ufc fight (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. poker games casino world The .

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