hollywood casino new orleansRed Rock’s efforts to ramp up the Palms Las Vegas could prove tricky for the stock.The company acquired the Palms in 2016 for 2.Red Rock’s efforts to ramp up the Palms Las Vegas could prove tricky for the stock.casino poker table green36.(Image: MGM Resorts)For the more than 1,000 MGM workers given pink slips this year, finding a new employer in Southern Nevada isn’t exactly an easriver spirit casino players cluby process.At the end of the first quarter, the company had 9.live casino khim

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morongo casino jackpot winners“Historically RRR has not aggressively returned capital, and we may see additional development opportunities take priority over share repurchases.“In the near-term we also expect RRR to prioritize deleveraging,” said the Wolfe Research analyst.”In a note out last Friday, Shojaian said Red Rock “is an interesting story, but we’re initiating with a Peer Perform rating largely because of our concerns that consensus estimates may be too aggressive with difficulty forecasting the Palms ramp.golden palace casino brubelsNear-Term RisksAs Shojaian points out, Red Rock derives 14 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from managing the Graton Resort & Casino, a tribal gaming property near Rohnert Park, California.5% and 2020E free cash flow yield at 14.Boyd is already doing that, having recently boosted its quarterly dividend by 16.turtle creek casino phone number

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pechanga casino location(Image: Palms Las Vegas)Wolfe Research analyst Jared Shojaian initiated coverage of Red Rock Resorts shares with a “peer perform” rating, which is the equivalent of a “hold.5% and 2020E free cash flow yield at 14.”Las Vegas-based Red Rocks is close to finalizing 1 million in refurbishments at the Palms and the Palace Station, another Las Vegas off-Strip gaming property.At the end of the first quarter, the company had 9.Boyd is already doing that, having recently boosted its quarterly dividend by 16.Bet On Boyd In a separate note, Shojaian started coverage of Boyd Gaming Corp.mountaineer casino rewards