gold coast casino units for sale(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: 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. 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. seminole casino wewokaIts Atlantis in Reno has been shuttered for more than a month, and the same is true of the company’s Centennial State property.The impact of the coronavirus closures on Monarch’s top and bottom lines is evident, as highlighted by the company’s first-quarter results revealed earlier this week. ing. 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. gold coast casino winners

four winds casino hartford hotel

casino slot machine winning percentageIts Atlantis in Reno has been shuttered for more than a month, and the same is true of the company’s Centennial State property.The impact of the coronavirus closures on Monarch’s top and bottom lines is evident, as highlighted by the company’s first-quarter results revealed earlier this week. Atlantis owner Monarch Casino could be a regional gaming winner. Conversely, those that don’t favor real estate sales as a means of boosting cash say the move creates a new liability for the seller in the form oonline gambling addiction helpf what are usually lengthy leases.Dealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus. free casino money no deposit requiredCompanies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.That updated conditions still excluded many small casinos throughout the country. 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. Its Atlantis in Reno has been shuttered for more than a month, and the same is true of the company’s Centennial State property.The impact of the coronavirus closures on Monarch’s top and bottom lines is evident, as highlighted by the company’s first-quarter results revealed earlier this week. encore casino wire

seneca niagara casino breakfast

poker jupiters casinoSmall casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations. Small casinos are now eligible for the federal government’s Payroll Protection Program. But analysts are divided on whether the moves are practical. ing. 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. Small businesses, defined as having 500 or fewer employees, were eligible to apply for forgivable loans (up to million) so long as they use at least 75 percent of the money to continue paying workers.A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling. golden nugget casino employment