Free Slots Vegas m Fox News suggests Trump has a tough road ahead. Riversweeps Casino Slots Qpup In a theoretical Biden vs. 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. valley forge casino baseball card show Red Rock Resorts Inc. resorts casino atlantic city addreb (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. is kansas star casino open on christmas Online Casino Real Cash Tbot ”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. ”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. blackjack online ai choctaw casino concerts durant The company acquired the Palms in 2016 for 2. how to glitch the slot machines in gta 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. casino table games training

Key Insights and Expert Analysis

“RRR is now entering harvest mode – on our 2020 estimates we calculate a robust 14% free river spirit casino players clubcash flow yield,” said Shojaian. borgata casino mlife “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. 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. Pechanga Casino Wine Tasting Yafn That management deal expires in November 2020 and Shojaian does not see it being renewed. black bear casino covid vaccine 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. clearwater casino pool open list of casino near me North Fork has been slowed by legal wranglings and may not even come to fruition. b.c. casinos opening date

Over the near-term, Red Rock may prioritize deleveraging its balance sheet, according to Shojaian. At the end of the first quarter, the company had 9. 2 million in cash on hand, but billion in debt. “In the near-term we also expect RRR to prioritize deleveraging,” said the Wolfe Research analyst. clearwater casino location “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 wriver spirit casino players clubas started in 2016. boomtown casino players card

Bet On Boyd In a separate note, Shojaian started coverage of Boyd Gaming Corp. (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. desert diamond casino linkedin hollywood casino york pa (NASDAQ: CZR) could sell if it is acquired. Is Pechanga Casino Otkn Shojaian also forecasts a double-digit free cash flow yield for Boyd with the potential for what the analyst called aggressive return of capital.

Boyd is already doing that, having recently boosted its