Morongo Casino Weather m Fox News suggests Trump has a tough road ahead. 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. viejas casino halloween Red Rock Resorts Inc. paragon casino resort cinema (NASDAQ: RRR), the operator of 20 casinos, could be a compelling bet for investors in the future. casino z no deposit bonus code 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. valley forge casino comedy four winds casino resort new buffalo michigan 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.

”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. liberty slots monthly bonus Turtle Creek Casino And Resort Xpev Austria ”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. Chinook Winds Casino Arcade Esuu The company acquired the Palms in 2016 for 2. online blackjack ohio 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. “RRR is now entering harvest mode – on our 2020 estimates we calculate a robust 14% free borgata casino towelscash flow yield,” said Shojaian. jumping coyote black oak casino menu Z Casino Jobs Qsqq “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. hard rock casino unity points That management deal expires in November 2020 and Shojaian does not see it being renewed.

Key Insights and Expert Analysis

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. intertops casino coupons North Fork has been slowed by legal wranglings and may not even come to fruition. free slot machine games on youtube Over the near-term, Red Rock may prioritize deleveraging its balance sheet, according to Shojaian. wild joker casino 95 free At the end of the first quarter, the company had 9. morongo casino coronavirus update 2 million in cash on hand, but billion in debt. mychoice casino facebook “In the near-term we also expect RRR to prioritize deleveraging,” said the Wolfe Research analyst. Bicycle Casino Texas Holdem Yfzs Germany “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 wborgata casino towelsas started in 2016. www.free casino slot games foxwoods online hotel

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