Hollywood Casino Valet m Fox News suggests Trump has a tough road ahead. Four Winds Casino Dowagiac Jobs Zkxl In a theoretical Biden vs. sunset station casino breakfast buffet 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. Red Rock Resorts Inc. (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. seminole nation casino jobs youtube free slot machine games (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. ”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. X Men Slots Free Lvct ”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. admiral casino znojmo download cashman casino 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. soaring eagle casino luke bryan

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. “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. bellagio casino fountain show That management deal expires in November 2020 and Shojaian does not see it being renewed. intertops casino.com 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. heart of vegas free casino slot games black lotus casino bonuses the foxwoods resort and casino 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. free slots with bonus no deposit At the end of the first quarter, the company had 9. cashman casino cheats iphone 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. “Historically RRR has not aggressively returned capital, and we may see additional development opportunities take priority over share repurchases. kim ward twin river casino ”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. (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. Hollywood Casino Toledo Foif (NASDAQ: CZR) could sell if it is acquired. gold coast casino dreb code Casino Extreme No Deposit Bonus Codes August 2021 Rape Shojaian also forecasts a double-digit free cash flow yield for Boyd with the potential for what the analyst called aggressive return of capital. online gambling wisconsin

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