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lake tahoe casino showsPalms Leaves, Locals KeyStation Casinos is controlled by billionaire brothers Lorenzo and Frank Fertitta III.(Image: Las Vegas Review-Journal)Stephen Cootey, executive vice president and chief financial officer of RRR, told investors this week that the company plans to break ground on the Durango project in the first quarter of 2022.That’s even as some investors fret about regulatory risk from Beijing.miami club casino free spinsMorgan Stanley sees the casino center bouncing back.But those are considerable overhangs to overcome, and likely explain the 2021 lethargy in related operator equities.Once construction begins, the company believes it will take 18 to 24 months for the resort to be finished.choctaw casino durant restaurants mohegan sun casino free playmorongo casino indian tribeStation’s Durango project site is five miles from the nearest current casino in operation.The 9/11 tragedies, Great Recession, and COVID-19 pandemic have impeded the casino firm from moving forward with development.But dirt will soon move, Station says.encore casino pokerAs such, Morgan Stanley forecasts the companies need GGR to return to just 80 percent of pre-pandemic levels to get earnings before interest, taxes, depreciation and amortization (EBITDA) back to 2019 highs.(Image: NPR)Recent gross gaming revenue (GGR) data suggests that despite an increase in COVID-19 cases in the neighboring Guangdong province and the persistent lack of a travel bubble with Hong Kong, things are starting to trend the right way for Macau.We think initial underperformance can be explained by new Covid cases in Guangdong in June and no travel relaxation between Hong Kong and Macau,” said Morgan Stanley analysts.aliante casino gift days golden nugget casino michiganchumba casino bonus codes 2021This week, Station execs revealed details regarding the planned property, located southwest of the Las Vegas Strip.But Morgan Stanley is bullish on the long-term outlook for the world’s largest casino center.On that time line, the earliest the Durango casino could open would be in July 2023.The worst-case scenario, per the current project schedule, would be in March of 2024.Gaming analyst Joseph Greff of JPMorgan said in a note that Station’s Durango project will likely be in the neighborhood of 0 million.Gaming analyst Joseph Greff of JPMorgan said in a note that Station’s Durango project will likely be in the neighborhood of 0 million.little.river casino choctaw casino mibibippi |