doubledown casino lobstermania“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. Monarch’s Black Hawk, Colo. harrah s casino downtown new orleansOn a scale of one to five, Monarch’s numerical rating is 3.50, and the consensus price target on the name is .25. On a scale of one to five, Monarch’s numerical rating is 3.50, and the consensus price target on the name is .25. But amid ongoing reductions in current tax revenues, 2019 saw gaming legislation receive substantial support among the state Senate and House.Sen. aliante casino steakhouse

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bellagio casino glab ceilingThe 2018 fiscal year for the lottery was a record 12-month period, winnings delivering .14 billion for education.Beach says casinos would only generate more tax money, but also new jobs.We have the lottery, and that doesn’t create a lot of jobs,” Beach said recently. Add in no sports betting or parimutuel horse racing, and Georgia is one of just six states with such limited gambling – the others being Hawaii, Tennessee, Utah, South Carolina, and Vermont.Jobs ImportantOpponents to legalizing casinos and/or horse racing wagering say such activity will take a bite out of revenues generated by the Georgia Lotteryfree online slots casino games. “We need further deliberation.”Georgia is one of just eight states that doesn’t have commercial or tribal casinos. owner of firekeepers casinoIt was followed by Lafitte Capital Management with a .8 million position,” according to Insider Monkey.In terms of portfolio allocation, Lafitte Capital devotes over 23 percent of its equity roster to Monarch, while Park Capital has a three percent weight to the gaming stock.Wall Street ViewsBecause of its small size and tiny portfolio of properties, Monarch is sparsely covered by sell-side analysts compared to larger casino operators.Currently, four analysts follow the stock – one with the equivalent of a “very bullish” outlook, and three with “neutral” ratings.  The stock is up 9.51 percent just this month, boosting its fourth-quarter gain to nearly 12 percent. At that level, hedge fund ownership of the name in dollar terms isn’t substantial, but on a relative basis, it is stout.The largest stake in Monarch Casino & Resort was held by Park West Asset Management, which reported holding .7 million worth of stock at the end of September. valley forge casino hotel reservations

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gold.spike vegasThey included commercial casino resorts, parimutuel horse racing, and sports betting.While Beach’s gaming committee held its final meeting last week without formally adopting recommendations for the full Senate, the Republican feels confident regarding bringing some sort of gambling to the Peach State in 2020.“I do think there’s momentum for something to happen this session,” Beach told the Rome News-Tribune. “This would create thousands of jobs. “This would create thousands of jobs. (Image: Kathryn Ingall/Cherokee Tribune)Casino bills have been floated in the Atlanta capital for years. Proceeds from the lottery are allocated for the state’s HOPE Scholarship fund. Voters there approved sportfree online slots casino gamess betting last month, and it is expected to be operational in May 2020.Monarch has a market capitalization of about 3 million, making it a small-cap stock. s p casino and gaming index