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firekeepers casino covid 19One analyst likes the upside offered by the name as vaccines come to market. That’s in line with Monarch’s historical range of 9x to 13x, and above the typical 7x to 11x for comparable gaming companies.One analyst likes the upside offered by the name as vaccines come to market. 3 card poker at casino(Image: Reno Gazette-Journal)In a note to clients, Stifel analyst Steven Wieczynski restarts coverage of Monarch with a “buy” rating and a price target, implying upside of 16.66 percent from the Dec. On Election Day, voters there approved scrapping the 0 per hand cap at casinos in the state’s three gaming cities. On Election Day, voters there approved scrapping the 0 per hand cap at casinos in the state’s three gaming cities. palace station casino job openings

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four winds casino michigan cityCasinos with COVID-19 safeguards in Pennsylvania must close, but unregulateMacau until 1999. Pennsylvania Gov. As a result, analysts believe Colorado gaming venues will be able to attract a more affluent clientele, and perhaps keep more Denver-area gamblers in the state amid restrictions in Las Vegas.“A changing Black Hawk market profile (more high-end rooms, more competitive table games, etc.) could see MCRI take more share from the Denver feeder market, particularly with some gamblers wary of flying to Las Vegas,” said Wieczynski.The operator is nearing completion on the 0 million worth of enhancements to its Black Hawk property. Its other venue is the Atlantis in its home market of Reno, Nev.Monarch’s Strong FundamentalsAlthough Monarch trades at rich valuations relative to its peers, it commands those premiums due to strong fundamentals. Regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) is a solid performer this year, jumping 11.10 percent amid a challenging operating environment. is drake casino safe

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