roulette casino picAn analyst is bullish on owner Red Rock Resorts.Red Rock Resorts (NASDAQ:RRR) is one of the today’s best-performing gaming stocks, surging more than six percent.Land-based GGR came in at 6.coushatta casino near meThat’s a 15 percent year-over-year increase.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.When the company reported third-quarter results late last month, analysts queried management about the fate of the Fiesta Henderson, Fiesta Rancho, Palms, and Texas Station — the properties that remain closed.clearwater casino pictures

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wild casino free spinsThat represents a 107 percent premium on October 2019. don’t know how long this may last and cannot fully assess any lasting impacts on our business levels.That represents a 107 percent premium on October 2019.sycuan casino careers”“We are working closely with state and local officials and will resume operations and welcome employees back as soon as we are able to do so,” she pledged.1 million, an eight percent year-over-year decline.Positives in the Locals MarketA key constituency for Red Rock is the group known as Las Vegas locals, or LVLs.soaring eagle casino goo goo dolls

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casino near me crapsExecutives 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.Borgata, the city’s largest casino employer, has naturally been responsible for the most job layoffs.October ImprovementAtlantic City casinos had their best month in terms of year-over-year comparison since being permitted to reopen in early July.We like how RRR is managing the business (improvblack oak casino 7 sistersed marketing efficiency, shifting from closed properties to open ones in an earnings before interest, taxes, depreciation and amortization (EBITDA) and margin accretive way) and focusing on converting a higher proportion of EBITDA into free cash flow, deploying this to reduce its balance sheet leverage,” said Greff in a note to clients.Prior to today’s announcement, the MGM property had eliminated 2,359 positions.At the end of September, the operator had almost 9 million in cash on hand and billion in debt.casino near me lexington ky