Choctaw Casino Jackpot Winners m Fox News suggests Trump has a tough road ahead. online mgm casino In a theoretical Biden vs. slot casino australia black oak casino campgrounds Trump matchup, the poll conducted by Braun Research in New Jersey found that the former VP has a 10-point lead on the 45th president. bellagio casino job openings Red Rock Resorts Inc. bellagio casino restaurants (NASDAQ: RRR), the operator of 20 casinos, could be a compelling bet for investors in the future. But at least one analyst sees some difficulties in estimating the impact of the company’s efforts to ramp up the Palms Las Vegas following an expensive renovation of the off-Strip property.

Red Rock’s efforts to ramp up the Palms Las Vegas could prove tricky for the stock. (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. wonder 4 slots free online ”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. little river casino poker room ”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. casino near me tennebee The company acquired the Palms in 2016 for 2. 5 million and the effort to add new clubs and dining options while updating the venue’s gaming floor and guest rooms has proven costly.

Key Insights and Expert Analysis

“RRR is now entering harvest mode – on our 2020 estimates we calculate a robust 14% free poker flats casinocash flow yield,” said Shojaian. oxford casino maine hotel “However, there is inherently more forecast error forecasting (sic) the ramp at Palms, returns on the renovation could disappoint given it’s more of a hybrid property, and we fear there is risk out-year estimates could be too aggressive,” he added. pechanga casino winners 2020 seven feathers casino jobs Near-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. casino pier water park That management deal expires in November 2020 and Shojaian does not see it being renewed. poker casino lisboa Red Rock’s Graton pact could be replaced with a similar accord to run a new project known as North Fork, a proposal by California’s Mono tribe to build a casino off highway 99 near Madera. North Fork has been slowed by legal wranglings and may not even come to fruition.

Over the near-term, Red Rock may prioritize deleveraging its balance sheet, according to Shojaian. gta v casino table games Brian Christopher Slots Yesterday Maxs Netherlands At the end of the first quarter, the company had 9. 2 million in cash on hand, but billion in debt. Nearest Casino From Where I M At Mnkv Netherlands “In the near-term we also expect RRR to prioritize deleveraging,” said the Wolfe Research analyst. “Historically RRR has not aggressively returned capital, and we may see additional development opportunities take priority over share repurchases. ”Like many of its larger peers, Red Rock pays a dividend, but the quarterly payout of 10 cents a share has not increased since it wpoker flats casinoas started in 2016.

Bet On Boyd In a separate note, Shojaian started coverage of Boyd Gaming Corp. Firekeepers Casino Golf Tournament Yfxg (NYSE: BYD) with an “outperform” rating and a price target, well above last Friday’s close of . 36. The analysts sees Boyd — whose properties include the Cannery, Fremont, and Sam’s Town in Las Vegas — as offering the most attractive valuation among regional gaming companies and growth catalysts, such as strong demand in Las Vegas and the possibility to acquire assets that Caesar’s Entertainment Corp. raging bull casino sign up bonus code Q Ruby Tadg Netherlands (NASDAQ: CZR) could sell if it is acquired. Shojaian also forecasts a double-digit free cash flow yield for Boyd with the potential for what the analyst called aggressive return of capital. downstream casino mibouri

Boyd is already doing that, having recently boosted its quarterly dividend by 16.