🎰 Red Rock Resorts Strong on Las Vegas Operations, Costs High

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Zacks Equity Research. Factors Likely to Drive Growth. However, dismal traffic due to the pandemic and high operating expenses pose concerns. Sign in to view your mail. So far this year, shares of Red Rock Resorts have plummeted This could be one of the biggest buying opportunities of the decade. Let us delve deeper into factors highlighting why investors should hold on to the stock for the time being.

Red Rock Resorts, Inc. In first-quarterRoom and Other expenses also increased. Even though the company has resumed operations at majority of its gaming properties, traffic is expected to be check this out by the social-distancing protocols.

Yahoo Finance Video. Following the redevelopment in andthe company witnessed solid top-line red rock resorts news. At the end of first-quarterthe company had a debt-to-capital ratio of 0.

Notably, it is optimistic about its future performance as well. Meanwhile, the company stated that it has ample liquidity, which will help red rock resorts news survive in an extended zero revenue scenario. Today, you can download 7 Best Stocks for the Next 30 Days.

Yahoo Finance. What to Read Next. Owing to the uncertainty of the crisis, the company has suspended quarterly dividend payouts. Las Vegas Sands Corp. Want the latest recommendations from Zacks Investment Research? Moreover, the company banks heavily on the Palace Station and Palms redevelopment projects.

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Finance Home. Zacks July 8, Recently Viewed Your list is empty. Related Quotes. Notably, the company expects operating expenses to be higher in the upcoming quarters on account of the pandemic. Sign in. Associated Press.