Scarlet Pearl Casino Covid Rules ee operators’ plans for post-coronavirus recovery and gauge the veracity of that rebound when the virus is ultimately vanquished. It’s possible “licenses are renewed at favorable terms, including no change in tax rates, manageable concession payments, and reasonable non-gaming capital expenditure mandates,” according to Macquarie. soaring eagle casino ticket office chumba casino zendesk bicycle casino raid Macau Could Renew PermitsIf Macau policymakers opt to renew gaming permits under the above scenario, it’s probable the outcome would be a 10-year licensing period, not 20 years. big dollar casino casinos Another option, particularly if it appears likely the process will extend beyond 2022, is simply for the SAR to re-up the permits under current terms for two or three years. Macau law allows for a five-year extension of that nature after an original license expires. Letting the process drag out potentially works in favor of the SAR government because it buys time for post-pandemic recovery to materialize. Slotjerry Casino Flte “Renewing licenses after a full GGR [gross gaming revenue] recovery would offer policymakers more bargaining power (specifically over non-gaming capital expenditure),” according to Macquarie. Las Vegas Sands and Galaxy Entertainment are the two largest Macau operators by market share. Regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) is a solid performer this year, jumping 11.

10 percent amid a challenging operating environment. One analyst likes the upside offered by the name as vaccines come to market. Monarch’s Atlantis in Reno, Nevq store downstream casinoada. An analyst is bullish on the stock, citing multiple tailwinds. Riverwind Casino Location Huiq (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. Turtle Creek Casino Com Bmue Australia 66 percent from the Dec. 10 close. He acknowledges that there’s some near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned. With peer-low leverage, we believe MCRI is well-positioned for opportunistic mergers and acquisitions,” said Wieczynski.

Key Insights and Expert Analysis

“While MCRI boasts a premium valuation, we see opportunity for further upside, as MCRI executes on one of the more compelling growth stories across our gaming coverage. caesar casino atlantic city online ”Although casinos in Colorado and Nevada, where Monarch operates its two venues, are currently subject to capacity restrictions owing to a recent surge in coronavirus cases, the stock is higher by 6. desert diamond casino glendale az casino movie cast 73 percent over the past month. santa ana casino bingo Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo. Choctaw Casino Fireworks 2021 Hovm That is expected to become a vital driver of revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) as renovations are finalized. valley forge casino giveaways The company’s Centennial State footprint is important for other reasons, including a growing sports betting market and the recent elimination of table game bet limits. On Election Day, voters there approved scrapping the 0 per hand cap at casinos inq store downstream casino the state’s three gaming cities. nearest casino with table games hard rock casino vaccine It’s a move that also provides for the addition of new table games, such as baccarat and pai-gow tiles. slot machine casino login 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. seneca niagara casino valet parking 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. free online slots live gold bar slots mgm casino arizona This includes a 100 percent ownership of its real estate, meaning it has limited fixed costs and strong free cash flow prospects. casino table games with wheel “We believe MCRI’s