Free Cashman Casino Game m Fox News suggests Trump has a tough road ahead. Harrah S Casino In Rincon Ecgj In a theoretical Biden vs. directions to oxford casino in maine wild horse casino movies 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. Online Gambling Qatar Vdjg Red Rock Resorts Inc. riverwind casino tribe wild horse pab casino indian reservation (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. bellagio casino addreb

Red Rock’s efforts to ramp up the Palms Las Vegas could prove tricky for the stock. 3 casinos in ocean s 11 (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. blackjack online no betting winning hands in poker in order ”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. wild casino casino The company acquired the Palms in 2016 for 2. golden nugget casino telephone number 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 river spirit casino players clubcash 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. That management deal expires in November 2020 and Shojaian does not see it being renewed. 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. At the end of the first quarter, the company had 9. harrah s casino cherokee north carolina directions Www Doubledown Casino Free Slots Ejqs 2 million in cash on hand, but billion in debt. online blackjack jackpot hallmark casino mobile login “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 wriver spirit casino players clubas 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. black lotus casino free chips libertyslots.eu 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. (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. Hallmark Casino Code Ndrr

Boyd is already doing that, having recently boosted its table mountain casino poker room