Casino stocks rally on hopes for limited reopenings [Seeking Alpha]
Red Rock Resorts, Inc. - Class A (RRR)
Last red rock resorts, inc. - class a earnings: 2/4 04:03 pm
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Source: Seeking Alpha
Consumer|On the MoveCasino stocks rally on hopes for limited reopeningsApr. 17, 2020 7:37 AM ETCaesars Entertainment Cor... (CZR)Clark SchultzUnion Gaming analyst John DeCree thinks U.S. casinos could open if the White House's phase one guidelines for large venues are met.Protocols such as reduced gaming capacity, greater spacing between active slot machines, fewer seats at live gaming tables and masks for dealers could be part of a phase one opening for casinos. Amenities such as bars and nightclubs would need to wait until phase two or three."Even some revenue would help mitigate cash burn such as interest and rent expense to some degree. This would help extend liquidity runway, alleviate balance sheet pressure, and preserve equity value. Some re-openings would also provide early insight into initial consumer behavior that would be valuable in forecasting what a larger reopening and recovery would look like," notes DeCree.He notes partial openings could be especially helpful for re
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RRR
News
- Earnings grew faster than the solid 18% CAGR delivered to Red Rock Resorts (NASDAQ:RRR) shareholders over the last five years [Yahoo! Finance]Yahoo! Finance
- Red Rock Resorts, Inc. (NASDAQ: RRR) was downgraded by analysts at Mizuho from an "outperform" rating to a "neutral" rating. They now have a $44.00 price target on the stock, down previously from $57.00.MarketBeat
- Casino Operator Stocks Q3 Teardown: Red Rock Resorts (NASDAQ:RRR) Vs The Rest [Yahoo! Finance]Yahoo! Finance
- Red Rock Resorts, Inc. (NASDAQ: RRR) had its "outperform" rating re-affirmed by analysts at Mizuho. They now have a $57.00 price target on the stock, down previously from $67.00.MarketBeat
- Red Rock Resorts' (NASDAQ:RRR) Dividend Will Be $0.25 [Yahoo! Finance]Yahoo! Finance
RRR
Earnings
- 11/7/24 - Beat
RRR
Sec Filings
- 12/18/24 - Form 8-K
- 11/14/24 - Form SCHEDULE
- 11/12/24 - Form SC
- RRR's page on the SEC website