twin river casino entrancesFor the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .01 million. 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. But analysts are divided on whether the moves are practical. choctaw casino keith urban tickets(Image: Elk Valley Casino)Under the .2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP. 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. little river casino twitter

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k casino nieder olmThat 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 are now eligible for the federal government’s Payroll Protection Program. 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. bellagio casino parking(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. For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .01 million. “We need to see more progress, and more slowing, before we can begin those considerations.”admiral casino turnpike lane

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blackjack online for real moneyAtlantis owner Monarch Casino could be a regional gaming winner. 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 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. Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations. 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 tonline gambling addiction helphe 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.Atlantis owner Monarch Casino could be a regional gaming winner. wild goose casino