MrCasinoGames
MrCasinoGames 
Joined: Sep 13, 2010
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May 1st, 2019 at 5:45:08 AM permalink
Palms renovation draws attention, but net income decreases for Red Rock Resorts. http://bit.ly/2UTGUfw

* An increase in charges and write-downs combined with a drop in the fair value of derivative investments to yield a first-quarter net income decrease from a year earlier for Red Rock Resorts. However, revenue rose and topped Wall Street forecasts.

In a statement issued Tuesday after stock markets closed, Red Rock Resorts, the Las Vegas-based parent of Southern Nevada locals casino giant Station Casinos, said its net income was $20.3 million, or 16 cents per diluted share, for the three months ended March 31, down from net income of $51.2 million, or 65 cents per diluted share, a year earlier. http://bit.ly/2UTGUfw
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
MDawg
MDawg
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MrCasinoGames
May 1st, 2019 at 9:11:58 AM permalink
Over time every off-Strip Vegas casino has had problems it seems. Downtown has its own market, but the Hard Rock is rebranding as a Virgin, Palms went down and is now trying to revive, M Resort and Green Valley Ranch went bankrupt at one point, etc. etc. South Point seems to be the only casino far from the Strip that is thriving and then when you think about it, South Point IS on the Strip just far away from its center.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
MaxPen
MaxPen
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May 1st, 2019 at 9:46:41 AM permalink
South Point knows how to run a casino. There customers are loyal because they have good games, good pay tables, good promotions, and good food. Hard not to succeed with that recipe.
Red Rock is fickle with everything they do, not to mention they have sketchy ownership and leadership.
billryan
billryan 
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May 1st, 2019 at 9:49:22 AM permalink
Quote: MaxPen

South Point knows how to run a casino. There customers are loyal because they have good games, good pay tables, good promotions, and good food. Hard not to succeed with that recipe.
Red Rock is fickle with everything they do, not to mention they have sketchy ownership and leadership.



Isn't it publicly owned?
AxelWolf
AxelWolf
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DeMango
May 1st, 2019 at 9:58:37 AM permalink
Quote: MrCasinoGames

Palms renovation draws attention, but net income decreases for Red Rock Resorts. http://bit.ly/2UTGUfw

* An increase in charges and write-downs combined with a drop in the fair value of derivative investments to yield a first-quarter net income decrease from a year earlier for Red Rock Resorts. However, revenue rose and topped Wall Street forecasts.

In a statement issued Tuesday after stock markets closed, Red Rock Resorts, the Las Vegas-based parent of Southern Nevada locals casino giant Station Casinos, said its net income was $20.3 million, or 16 cents per diluted share, for the three months ended March 31, down from net income of $51.2 million, or 65 cents per diluted share, a year earlier. http://bit.ly/2UTGUfw

I think you are a good guy, but I guess you didnt get the subtle hint I dropped by adding a link ( https://wizardofvegas.com/forum/off-topic/general/32861-casino-and-gambling-news/ ) to about 4 or 5 of your posts. Are you even checking back in on half of them after you post? I hope you can understand it's kinda annoying to wake up in the morning and find 10 new posts in the recent threads section that really don't need their own threads. I wouldn't argue that a FEW of your new threads are worthy of their own threads, but well, you know.

I'm beginning to think you have some kind of promotion angle going on with this sudden burst of new threads being started.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
MaxPen
MaxPen
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May 1st, 2019 at 10:18:56 AM permalink
Quote: billryan

Isn't it publicly owned?



South point is privately owned A large portion of RedRock is controlled by the Fertitta
Family.
Last edited by: MaxPen on May 1, 2019
MDawg
MDawg
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MrCasinoGames
May 1st, 2019 at 10:19:03 AM permalink
Quote: billryan

Isn't it publicly owned?



I believe South Point is privately owned (Michael Gaughan) and one of the few privately owned that is making it well. T.I. is privately owned too (Phil Ruffin) and seems to have also found its niche. But South Point is wildly successful compared to T.I.

As I recall South Point was owned by Boyd, and called South Coast before, but then Gaughan bought it all up and became its sole owner.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
MrCasinoGames
MrCasinoGames 
Joined: Sep 13, 2010
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May 1st, 2019 at 10:29:33 AM permalink
Quote: AxelWolf

I think you are a good guy, but I guess you didnt get the subtle hint I dropped by adding a link ( https://wizardofvegas.com/forum/off-topic/general/32861-casino-and-gambling-news/ ) to about 4 or 5 of your posts. Are you even checking back in on half of them after you post? I hope you can understand it's kinda annoying to wake up in the morning and find 10 new posts in the recent threads section that really don't need their own threads. I wouldn't argue that a FEW of your new threads are worthy of their own threads, but well, you know.

I'm beginning to think you have some kind of promotion angle going on with this sudden burst of new threads being started.


There will be less post by me in the coming days, once I know what members here like to read and discuss.
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com
beachbumbabs
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beachbumbabs
Joined: May 21, 2013
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MrCasinoGames
May 1st, 2019 at 10:43:15 AM permalink
Quote: MrCasinoGames

There will be less post by me in the coming days, once I know what members here like to read and discuss.



Stephen,

I think he was urging you to put news articles in the casino news thread, not start a new one with each post. But I would encourage you to continue to bring them to the forum, just use that thread for it. You've generated several good conversations.
If the House lost every hand, they wouldn't deal the game.
MrCasinoGames
MrCasinoGames 
Joined: Sep 13, 2010
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May 1st, 2019 at 11:10:10 AM permalink
Quote: beachbumbabs

Stephen,

I think he was urging you to put news articles in the casino news thread, not start a new one with each post. But I would encourage you to continue to bring them to the forum, just use that thread for it. You've generated several good conversations.


Thanks beachbumbabs,

OK, I got it.

In this case, I may start a New-Post Call: Todays News (anyone can put Gaming-News in there)
e.g. (Todays News 2/5/19) (Todays News 3/5/19) (Todays News 4/5/19) etc...

Is that OK with members here?
Stephen Au-Yeung (Legend of New Table Games®) NewTableGames.com

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