dy Luck Marquette 40 7.5x 2/1/17 Z Capital Partners Allinity Gaming 580 8.4x 12/20/16 Boyd Gaming Cannery Casino 230 10.2x 7.2x 10/3/16 Red Rock Resorts Palms Casino Resort 313 12.5x 9/22/16 Boyd Gaming Aliante Casino 380 17.3x I2.7x 9/12/16 Pinnacle Entertainment The Meadows (BEI 13B 6.

HIGHER YIELD FOR HIGHER leverage category, we recommend Bova Gamina. Eldorado Resorts. Eyed Holdinas Golden Nuaaet, Mohegan Gaming, Penn National. Red Rock Resorts (Station Casinos) and Wynn Resorts. Exhibit 3: Higher Yield For Higher t. evelage Recommenciatione Security Rating MYSIS&P Principel Price YlW

we believe that the ramp of the property will be slow and the overall investment quite high. With this report, we are reaffirming our buy rating on Red Rock Resorts 5.0% Senior Unsecured Notes 2025 ($100.2, 5.0%YlVV, 279bps STW) with a Buy rating given our belief that these bonds offer investors an attractive t