Mr. Rothstein, County Commissioner Pat Webb is Here to See You

Ah, the gaming industry. You have to love it. Just when the Supreme Court of the United States rules under one of America's founding principles of federalism and declares states' rights to allow sports betting if they so choose, Red Rock Resorts start to perk up as a mostly locals' casino operator in Las Vegas, of all places. 

RRR has been an attractive long-term chart for a while now, but surmised with Members at the beginning of the year that it likely needed some time to form a fresh base before we rush in and push for a new uptrend. 

Still, when you compare the RRR technicals to the likes of MGM and WYNN, we favor RRR going forward into strength. 

On the RRR daily timeframe, below, note the solid green candle despite the broad market's healthy gap down this morning. 

In addition to the impressive Red Rock Casino in Summerlin (about 15-20 minus off the Las Vegas Strip), RRR owns the "Station Casinos," and Palms, too, comprising a solid list of Vegas casinos for a mix of locals and tourists. Without question, at some point the larger casino names may try to gobble up RRR. 

But for now the chart speaks for itself and is easily one of the best in the sector right now, despite not operating in the hotbed of freshly liberated states which will soon be opening their own sports books.

Various states, property and resort developers, will try to replicate it, but there's no place like Vegas.

Have a great weekend!