Call Morongo Casino through June 30, 2021. Although Red Rock’s fourth-quarter net revenue and adjusted EBITDA slumped on a year-over-year basis, due in large part to the aforementioned quartet of casinos being closed, adjusted EBITDA and margins impressed. casino slot 96 The gaming company said adjusted EBITDA for the last three months of 2020 surged 16 percent, while adjusted EBITDA margin increased 832 basis points. Palms, Others Take Back Seat to Cash FlowIn the wake of the COVID-19 pandemic, many gaming operators are emphasizing cash flow, leaner operations, and stronger balance sheets. Red Rock is part of that club. zynga poker account login During the October through December period, the gaming company converted 76 percent of adjusted EBITDA to free cash flow. casino k icon This is the equivalent of 4. sunset station casino directions 7 million, or 98 cents a share.

From June through the end of 2020, Red Rock 9. 1 million of free cash “with virtually every dollar going to pay down debt and improve our financial flexibility, as we look to emerge from the pandemic,” said CFO Stephen Cootey. That’s a sizable amount of free cash relative to the company’s market capitalization of . online gambling new jersey Seneca Niagara Casino Reservations Bpcj 10 billion and indicates the operator can afford to be pragmatic in reopening the aforementioned venues. Another tidbit from the conference call: Unlike prior calls, there’s was no direct mention from analysts of the Palms perhaps being sold. Desert Diamond Casino Upcoming Shows Xygj Fertitta previously rebuffed those rumors. On Tuesday, Cootey said, “Everything is on the table and it’s all value-related. live casino 22 com login Seneca Niagara Casino Hotel Gpkr online casino quick payout” But that comment didn’t include mention of a specific venue. Island View Casino Website Qhak

Key Insights and Expert Analysis

Red Rock’s Favorable TraitsIn a note to clients today, Macquarie gaming analyst Chad Beynon reminds investors that Red Rock owns all of its real estate and another 475 gaming-entitled acres in Nevada. These holdings are worth a share and could be monetized if the company needs cash. high 5 casino slots free coins Citing Las Vegas’s strong population growth, steady housing market, and supply restriction, the analyst said the locals gaming market — Red Rock’s core clientele — is attractive from an investment perspective. sam s town casino food Beynon rates Red Rock “outperform,” with a price target of , which is up from and implies upside of more than 10 percent from current levels. Alabama is one of the smallest gaming markets in the United States. State Sen. Del Marsh (R-Talladega) wants to change that reality. Alabama Sen. silver oak casino no deposit bonus codes

Del Marsh, seen here last year inside the Alabama Capitol Senate chamber, will not seek reelection in 2022. Before he departs, he hopes to lead a successful effort to bring slot machines, table games, sports betting, and lottery to the state. (Image: AP)Marsh introduced a gaming expansion package this week that would legalize a state lottery, as well as five new casino properties. live dubai casino 4d The statute would also call on the governor to negotiate a Class III gaming compact with the Poarch Band of Creek Indians. That would allow them to operate slot machines and table games. Any change to Alabama’s gaming law requionline casino quick payoutres voter support through a ballot referendum. desert diamond casino jobs gold coast casino restaurants If Marsh’s gaming bundle is passed by the Alabama Legislature, the gaming matters would go before Alabamans for approval. casino slot dice game free casino slots bier haus where is betrivers located I think the people of the state are ready to address this issue and want to,” Marsh declared.

“Polling data shows they want to make a vote on this. My job is to put together a piece of legislation that serves the needs of the state, controls gaming, and provides revenue to accomplish things that people of Alabama want to see accomplished,” he added. Alabama Gaming Expansion SpecificsThe Poarch Band of Creek Indians currently operates three Class II casinos. These include Wind Creek Atmore, Wind Creek Montgomery, and Wind Creek Wetumpka. Located on sovereign land, the Native American casinos can only offer bingo-based gaming machines, since the state has refused does hard rock casino have gift cards