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z casino hotel blackhawkHowever, the brothers have managed to offset the losses through outer investments.The Fertitta brothers, Lorenzo and Frank III, are upping their positions in Red Rock Resorts (RRS) following a turbulent 12-month period that has pushed the stock down considerably.Paired with the 0 million property overhaul, and RRR is spending more than billion on a casino that’s a mile west of the strip in an area that receives little pedestrian traffic.Prior to their recent buying spree, they jointly owned 45,428,003 shares of the company.Adjusted earnings were 13 cents a share, four short of analyst expectations.The new-look Palms is costing a small fortune – at least in the eyes of billionaires Frank III and Lorenzo Fertitta – but they remain bullish on the property’s parent company, Red Rock Resorts.r bar live casino

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