The Hard Rock Lake Tahoe tions and welcome employees back as soon as we are able to do so,” she pledged. Gov. Murphy understands there might be some pandemic fatigue, but says continued restrictions and the public’s abiding is critical in fighting the fall surge of new COVID-19 cases. Asked Friday about people who might be tired of wearing a face mask and complain that it’s uncomfortable, Murphy responded, “You know what’s really uncomfortable and annoying? When you die. thunder valley casino sports betting ” Red Rock Resorts (NASDAQ:RRR) is one of the today’s best-performing gaming stocks, surging more than six percent. sloto cash casino That’s after JPMorgan analyst Joseph Greff reiterated an “overweight” rating on the parent company of Station Casinos. Viejas Casino Is It Open Bkoy

Boulder Station Casino in Las Vegas. when will santa ana casino reopen casino near me jacksonville fl bicycle casino app An analyst is bullish on owner Red Rock Resorts. Aliante Casino North Las Vegas Nevada Lpcf (Image: Las Vegas Review-Journal)Joining some of his sell-side colleagues in doing so, Greff applauded management for a renewed focus on boosting margins in the coronavirus environment. foxwoods resort casino resort casino in ct It’s a scenario prompting the operator to keep four of its Southern Nevada venues, including Palms Las Vegas, shuttered until next June. free slots zorro chumba casino is it real We like how RRR is managing the business (improved 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 awild horse pab casino table games note to clients. 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. Executives 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.

Key Insights and Expert Analysis

At the end of September, the operator had almost 9 million in cash on hand and billion in debt. foxwoods resort casino 301 picks ruby slots no deposit bonus codes may 2021 Positives in the Locals MarketA key constituency for Red Rock is the group known as Las Vegas locals, or 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 in their golden years. 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. Turtle Creek Casino Age To Get In Qksn Austria There’s something to that theory, because Nevada had an unemployment rate of 9. 15 percent in September, one of the highest in the nation. seminole casino security jobs Greff, the JPMorgan analyst, sees Red Rock as less dependent on employees from Strip casinos and benefiting from other regional trends. clearwater river casino jobs

“We come away impressed with RRR’s resolve in maximizing free cash flow at its simple business model, a focus on one major gaming market, the LV Locals, whose economic underpinninwild horse pab casino table gamesgs are driven by population growth and less dependency on the health of the LV Strip versus 12 to 15 years ago, when the correlation was relatively high,” he said. Mostly BullishGreff tags Red Rock with a price target, implying upside of about 20 percent from the Nov. 12 close. He arrives at that forecast based on the estimate of 9. little river casino menu 5x 2022 enterprise value/EBITDA, which he says is attractive relative to the operator’s history. The consensus Wall Street projection on the name is . is live casino open 24 hours Nine analysts covered the stock, six with the equivalents of “buy” or “strong buy” ratings.

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