doubledown casino tipsAmong the Monarch catalysts highlighted by the analyst are one of the best balance sheets in its peer group, low leverage, and easy access to capital via strong cash flow and a million credit facility.Pennsylvania’s Valley Forge Casino Resort was temporarily closed by Boyd Gaming, and several other Pennsylvania casinos are also closing.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.desert diamond casino login“Although the recent global economic turmoil may compel management to take a pause in its pursuit of additional M&A targets, we continue to believe MCRI’s capital structure flexibility and the generally onerous levels of debt incurred by several of its regional operator peers, favorably positions the company to potentially exmorongo casino weddingsecute thoughtful and accretive M&A transactions at a future date,” said the analyst.On the acquisition front, Boyer notes some footnotes in Monarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase.These include Ohio’s MGM Northfield Park and MGM’s Yonkers Raceway — where a long-time trainer and office worker died after contracting coronavirus.hard rock casino unity points

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casino movie streamingSome 150 food and beverage venues will close on a rolling basis.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.However, the combination of the company’s strong balance sheet and depressed stock prices in the industry could compel it to consider acquisitions down the road.kansas star casino new years eve 2020On a recent conference call, management did not indicate the COVID-19 outbreak is delaying enhancements at that venue.“All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attentimorongo casino weddingson, we would prefer to see some level of rationality return to the public equity markets prior to growing more constructive on the shares,” said Boyer.Tom Wolf (D).the scarlet pearl casino

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sunset station casino concertsThe Illinois Gaming Board ordered each of the state’s 10 casinos to close for two weeks, according to news reports.”While MCRI is in no way immune to challenges introduced by the (coronavirus) outbreak, we would argue the company is positioned to benefit from several structural advantages that are currently being overlooked by investors,” said Boyer in a note obtained by Casino.Valley Forge Casino Resort is the first coronavirus gaming victim in Pennsylvania.property is under expansion, something viewed as an important earnings and revenue driver for the company.The Illinois Gaming Board ordered each of the state’s 10 casinos to close for two weeks, according to news reports.(Image: YouTube)On Friday, shares of the operator of the Atlantis Casino-Resort in Reno, Nevada surged on more than triple the average daily volume, taking a bite out of what had been a March decline of more than 61 percent, after Stifel analyst Brad Boyer dubbed that selloff “irrational.seneca niagara casino vanilla ice