thunder valley casino poker tournaments(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. Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations. chumba casino disputeCompanies 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. I am not in a position yet to begin reopening our state and jump-starting our economy,” the governor continued. Atlantis owner Monarch Casino could be a regional gaming winner. free lucky 88 slots online

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cache creek casino transportationWall 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. 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. 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. caesar casino las vegas buffetNow, the SBA says it doesn’t matter how mfree online vlt slots lucky larryuch a small business makes from legal gaming.“In the nearly one month since the CARES Act was enacted to provide economic relief to blunt the impact of the COVID-19 pandemic, the American Gaming Association and our allies have fought tirelessly to correct the Small Business Administration’s antiquated policy that precluded gaming companies from qualifying for loans through the Paycheck Protection Program,” said AGA President Bill Miller.“We are pleased that the new regulatory guidelines 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 ofree online vlt slots lucky larryf what are usually lengthy leases.Dealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus. 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 tfree online vlt slots lucky larryhe 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.cashman casino slots free

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miami club casino no deposit bonus codeIts 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. Those in favor of liquidating casino property holdings argue operators aren’t real estate companies, and selling property creates a near-term influx of capital while moving risk off the balance sheet. But analysts are divided on whether the moves are practical. ing. “We need to see more progress, and more slowing, before we can begin those considerations.”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. tachi palace casino careers