The 2020 global pandemic hit the Las Vegas casino industry like a ton of bricks. RRR shares exploded from the March 2020 low to the October 2021 high The correction could be a buying opportunity as the company rolls out its newest property this month, the Durango Casino and Resort, serving a growing neighborhood in the ever-expanding Las Vegas community.
After reaching $51.35 in July 2023, RRR corrected and is now at the $41.50 level in early November. ( NASDAQ: RRR) was at the $46.43 per share level on May 4, and the stock was trading in a bullish trend, making higher lows and higher highs. So long as RRR loves locals, the community will return the favor. In a May 2023 Seeking Alpha article, I wrote, “ Management has proven that they are on top of the changing demographics in Las Vegas, which continues to grow.
