choctaw casino bowlingHe acknowledges that there’s some near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned.With peer-low leverage, we believe MCRI is well-positioned for opportunistic mergers and acquisitions,” said Wieczynski. This includes a 100 percent ownership of its real estate, meaning it has limited fixed costs and strong free cash flow prospects.“We believe MCRI’s management team is one of the best in the business and well-aligned with shareholders,” notes Wieczynskichinook winds casino age limit.His price forecast on the shares is based on the name trading at 12x estimated 2022 adjusted EBITDA. Regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) is a solid performer this year, jumping 11.10 percent amid a challenging operating environment. player club casino venturaOne analyst likes the upside offered by the name as vaccines come to market. Casinos with COVID-19 safeguards in Pennsylvania must close, but unregulate“While MCRI boasts a premium valuation, we see opportunity for further upside, as MCRI executes on one of the more compelling growth stories across our gaming coverage.”Although casinos in Colorado and Nevada, where Monarch operates its two venues, are currently subject to capacity restrictions owing to a recent surge in coronavirus cases, the stock is higher by 6.73 percent over the past month.Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo. viejas casino addreb

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poker table software for casinoMonarch’s Atlantis in Reno, Nevada. That’s in line with Monarch’s historical range of 9x to 13x, and above the typical 7x to 11x for comparable gaming companies.“While MCRI boasts a premium valuation, we see opportunity for further upside, as MCRI executes on one of the more compelling growth stories across our gaming coverage.”Although casinos in Colorado and Nevada, where Monarch operates its two venues, are currently subject to capacity restrictions owing to a recent surge in coronavirus cases, the stock is higher by 6.73 percent over the past month.Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo. foxwoods online sign inHe acknowledges that there’s some near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned.With peer-low leverage, we believe MCRI is well-positioned for opportunistic mergers and acquisitions,” said Wieczynski. That’s because authorities now want to see operators’ plans for post-coronavirus recovery and gauge the veracity of that rebound when the virus is ultimately vanquished.It’s possible “licenses are renewed at favorable terms, including no change in tax rates, manageable concession payments, and reasonable non-gaming capital expenditure mandates,” according to Macquarie.Macau Could Renew PermitsIf Macau policymakers opt to renew gaming permits under the above scenario, it’s probable the outcome would be a 10-year licensing period, not 20 years.Another option, particularly if it appears likely the process will extend beyond 2022, is simply for the SAR to re-up the permits under current terms for two or three years. Pennsylvania Gov. oxford casino login

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running aces casino hotel racetrackMacau until 1999. Pennsylvania Gov. (Image: Reno Gazette-Journal)In a note to clients, Stifel analyst Steven Wieczynski restarts coverage of Monarch with a “buy” rating and a price target, implying upside of 16.66 percent from the Dec. One analyst likes the upside offered by the name as vaccines come to market. Macau law allows for a five-year extension of that nature after an original license expires.Letting the process drag out potentially works in favor of the SAR government because it buys time for post-pandemic recovery to materialize.“Renewing licenses after a full GGR [gross gaming revenue] recovery would offer policymakers more bargaining power (specifically over non-gaming capital expenditure),” according to Macquarie.Las Vegas Sands and Gachinook winds casino age limitlaxy Entertainment are the two largest Macau operators by market share.Tom Wolf (D) has ordered the state’s 13 casinos to close their doors for a little more than three weeks. harrah s cherokee casino resort north carolina