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desert diamond casino in tucsonMore Confirmation NeededWhile Wieczynski said it’s encouraging to see Red Rock deliver a bullish pre-announcement, he maintains a “hold” rating and price target on the stock, He is noting that more confirmation of Palms’s ability to increase margins in an area dominated by LVL properties is needed.”Politicians believe that if the gaming venues were firing on all cblackjack online vs computerylinders, Massachusetts could collect as much as 0 million in a fiscal year.“LVL same-store revenues (ex-Palms) increased 4% y/y, using the midpoint of the pre-announced revenue range,” said the Stifel analyst.“Accordingly, though we believe RRR continues to boast an approachable valuation (sub-10x 20E EBITDA), we would prefer to remain patient with the shares until there is clearer evidence suggesting the Palms overhang is dissipating,” said the analyst.“We suspect this level of growth exceeded investor expectations and was supported by a modest revenue ramp at Palace Station.6 million in fiscal 2020 – well below the 4 million projection.brian christopher slots. com