cliff castle casino non smokingThe Wildhorse Resort & Casino in Oregon closed for two days recently for a deep cleaning “out of an abundance of caution” after one of its workers was declared presumptive positive for COVID-19.(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.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.golden nugget casino resort lake charlesAmong 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.The 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.casino 52

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clearwater river casino zz top ticketsorg.Monarch reported fiscal first-quarter results earlier this week.Atlantis operator Monarch Casino rallied Friday after an analyst said selling in the name may be overdone.casino 1995 cast”“We believe this preventative approach is a necessary step to help ensure the health and safety of our employees, customers, and all Rhode Islanders.”In nearby Connecticut, Mohegan Sun and Foxwoods Resorts Casino remain open.“All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attention, 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.u spin free slots

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slot machine casino problemsWhile the company said there wasn’t a material impact from the coronavirus on those numbers, management noted that, more recently, some older visitors are opting to stay away from the Atlantis and the Black Hawk casino in Colorado because of fears of contracting the respiratory illness.Some analysts are noting the pandemonium in casino equities is depressing valuations to the point that some names, including Monarch, may be too tempting to ignore when the chaos ebbs.Elsewhere, MGM has also revealed it is closing nightclubs and dayriverwind casino tulsa ok clubs.“However, the state’s efforts to slow the spread of the COVID-19 virus are of paramount importance.Those are important traits at a time when many market observers are feaririverwind casino tulsa okng companies could face liquidity crunches if a recession arrives.”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.draftkings casino twitter