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Jordan Maxwell Bender

Director and Senior Equity Research Analyst at Citizens JMP Securities LLC

Jordan Maxwell Bender is a Director and Senior Equity Research Analyst at Citizens JMP Securities LLC, specializing in the gaming, sports betting, and online gambling sectors. He provides coverage of major companies including Super Group (SGHC), Penn Entertainment (PENN), and Caesars Entertainment (CZR), with a recent TipRanks-reported success rate of 47.8% and an average return of 6.5% over the past year. Bender began his equity research career at JMP Securities, where he advanced to his current position and has over nine years of experience in the industry. He holds FINRA registration with multiple securities licenses and has received performance recognition from platforms such as TipRanks, reflecting his influence in the gaming and leisure industries.

Jordan Maxwell Bender's questions to Red Rock Resorts (RRR) leadership

Question · Q3 2025

Jordan Maxwell Bender asked about the factors contributing to the improvement in casino margins to over two-year highs, questioning if it's due to mix, Durango's ramp, or other reasons, and if these levels are sustainable. He also inquired about the rationale behind the one-penny increase in the quarterly dividend.

Answer

Scott Kreeger (President, Red Rock Resorts Inc) attributed improved casino margins to a post-COVID shift in market approach, focusing on high-limit areas and attracting high-end value customers, combined with effective expense management. Stephen Cootey (EVP, CFO, and Treasurer, Red Rock Resorts Inc) explained that the board recognized the business's continued strength and long-term earnings power, setting a "whole number" increase ($0.04 annually) and allowing for future reevaluation of dividend increases quarterly.

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