choctaw casino mcalesterSmall casinos are now eligible for the federal government’s Payroll Protection Program. After being pressed by the gaming industry, the SBA amended the PPP regulations to permit companies that generate up to half of their income from gaming. Wall Street was expecting earnings of 29 cents on turnover of .34 million.Monarch CEO John Farahi said the COVID-19 outbreak is slowing some of the company’s construction plans in Colorado, “and we do not yet have a definitive timeline for the property opening.”The company is trying to get a temporary certificate of occupancy from the town of Black Hawk. can you really win money on chumba casino(Image: YouTube)The Reno-based company owns just two casinos – the Atlantis Casino-Resort in its home market and the Monarch Casino Black Hawk in the Colorado town of the same name. (Image: Elk Valley Casino)Under the .2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP. That diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.In addition to owning all of its real estate, MCRI had one of the best balance sheets in gaming, coming into the pandemic with 2.2x net leverage at year-end,” said Union Gaming analyst John DeCree in a note to clients today.Selling real estate to boost cash holdings is common in the gaming industry. foxwoods resort casino employment

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black hawk casino covid 19But analysts are divided on whether the moves are practical. “We need to see more progress, and more slowing, before we can begin those considerations.”Monarch Casino & Resort (NASDAQ:MCRI) is one of the smallest publicly traded gaming companies by market value – just 6 million – but it has massive upside potential in the eyes of some analysts. royal ace casino instant playAtlantis owner Monarch Casino could be a regional gaming winner. The goal is to make the first five floors of the hotel and some floors in a new tower available for guest use when Colorado signs off on reopening gaming venues.Analysts and investors view Monarch’s Centennial State property as integral to the operator’s efforts to increase revenue and cash flow.Analyst Sees Lots to LikeWhile Monarch confronts the same coronavirus headwinds as its larger rivals, DeCree believes the company’s strong balance sheet is an advantage.“This provides the company with ample liquidity to weather tonline gambling addiction helphe storm and emerge from the pandemic in a favorable position to be opportunistic and potentially consolidate smaller, less well-capitalized operators at attractive prices,” he said.The Union Gaming analyst has a “buy” rating on Monarch stock, with a price target of , implying upside of 45 percent from Thursday’s close.Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations. riverwind casino resort

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royal ace casino bonus codes(Image: Elk Valley Casino)Under the .2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP. That diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.In addition to owning all of its real estate, MCRI had one of the best balance sheets in gaming, coming into the pandemic with 2.2x net leverage at year-end,” said Union Gaming analyst John DeCree in a note to clients today.Selling real estate to boost cash holdings is common in the gaming industry. “We need to see more progress, and more slowing, before we can begin those considerations.”Monarch Casino & Resort (NASDAQ:MCRI) is one of the smallest publicly traded gaming companies by market value – just 6 million – but it has massive upside potential in the eyes of some analysts. “We need to see more progress, and more slowing, before we can begin those considerations.”(Image: YouTube)The Reno-based company owns just two casinos – the Atlantis Casino-Resort in its home market and the Monarch Casino Black Hawk in the Colorado town of the same name. oxford casino games