hollywood casino las vegasValley Forge Casino Resort is the first coronavirus gaming victim in Pennsylvania. onarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.58% after an analyst said the stock’s recent slide is the epitome of “throwing the baby out with the bathwater.” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides. (Image: YouTube)On Friday, shares of the operator of the Atlantis Casino-Resort in Reno, Nevada surged on more than triple the average daily volume, taking a bite out of what had been a March decline of more than 61 percent, after Stifel analyst Brad Boyer dubbed that selloff “irrational.”While MCRI is in no way immune to challenges introduced by the (coronavirus) outbreak, we would argue the company is positioned to benefit from several structural advantages that are currently being overlooked by investors,” said Boyer in a note obtained by Casino.org.Among the Monarch catalysts highlighted by the analyst are one of the best balance sheets in its peer group, low leverage, and easy access to capital via strong cash flow and a million credit facility. black oak casino evacuationSome analysts are noting the pandemonium in casino equities is depressing valuations to the point that some names, including Monarch, may be too tempting to ignore when the chaos ebbs.“All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attention, we would prefer to see some level of rationality return to the public equity markets prior to growing more constructive on the shares,” said Boyer.Monarch reported fiscal first-quarter results earlier this week. ET Friday. Atlantis operator Monarch Casino rallied Friday after an analyst said selling in the name may be overdone. black oak casino fishing pond

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cliff castle casino new years eve 2020ET Friday. Starting in February, Boyd Gaming has been following stringent CDC-recommended protocols at its properties nationfree casino slot games heart of vegaswide, including frequent handwashing by team members, increased placement of hand sanitizers, and increased sanitation of frequently-touched surfaces,” Boyd said in a statement.Valley Forge closed at 6 a.m. ET Friday. gold coast casino tattoo rulesAtlantis operator Monarch Casino rallied Friday after an analyst said selling in the name may be overdone. However, the combination of the company’s strong balance sheet and depressefree casino slot games heart of vegasd stock prices in the industry could compel it to consider acquisitions down the road.“Although the recent global economic turmoil may compel management to take a pause in its pursuit of additional M&A targets, we continue to believe MCRI’s capital structure flexibility and the generally onerous levels of debt incurred by several of its regional operator peers, favorably positions the company to potentially execute thoughtful and accretive M&A transactions at a future date,” said the analyst.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.While the company said there wasn’t a material impact from the coronavirus on those numbers, management noted that, more recently, some older visitors are opting to stay away from the Atlantis and the Black Hawk casino in Colorado because of fears of contracting the respiratory illness.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo. caesar win casino

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chumba casino gcIt’s to remain closed at least through Friday, March 27. It’s to remain closed at least through Friday, March 27. However, the combination of the company’s strong balance sheet and depressefree casino slot games heart of vegasd stock prices in the industry could compel it to consider acquisitions down the road.“Although the recent global economic turmoil may compel management to take a pause in its pursuit of additional M&A targets, we continue to believe MCRI’s capital structure flexibility and the generally onerous levels of debt incurred by several of its regional operator peers, favorably positions the company to potentially execute thoughtful and accretive M&A transactions at a future date,” said the analyst.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.Starting in February, Boyd Gaming has been following stringent CDC-recommended protocols at its properties nationfree casino slot games heart of vegaswide, including frequent handwashing by team members, increased placement of hand sanitizers, and increased sanitation of frequently-touched surfaces,” Boyd said in a statement.Valley Forge closed at 6 a.m. It’s to remain closed at least through Friday, March 27. ET Friday. black lotus casino free spins existing players