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the hollywood casino bay st louis(Image: Denver Post)Recent bullishness in the operator of the Atlantis Casino-Resort in Reno, Nevada validates the views of investors that stepped into the stock during the July through September period, including hedge funds.Data suggest that although the third quarter was a volatile time for Monarch Casino stock as the company dealt with legal wranglings with CL Construction Services, Inc. Monarch has spent over 0 million on enhancements at that property, all of which was funded by existing cash flow, meaning the company didn’t issue new debt to bolster the Colorado casino-resort.“We need further deliberation.”Georgia is one of just eight states that doesn’t have commercial or tribal casinos. “We need further deliberation.”Georgia is one of just eight states that doesn’t have commercial or tribal casinos. But the company is viewed by some on Wall Street as a hidden gem among regional gaming equities, due in part to its Monarch Casino Resort Spa Black Hawk in Colorado.That property gives the company a foothold in what is expected to be a lucrative sports wagering market in the Centennial State. But amid ongoing reductions in current tax revenues, 2019 saw gaming legislation receive substantial support among the state Senate and House.Sen. harrah s cherokee valley river casino sports betting