casino poker 74Waiting For Cooler Heads to PrevailEntering Friday, gaming stocks were under intense selling pressure this month as investors bailed on the group amid fears the COVID-19 pandemic is going to sap earnings and keep gamblers away.Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.An unspecified number of MGM workers’ furloughs and layoffs will commence next week.thunder valley casino hotel”“We believe this preventative approach is a necessary step to help ensure the health and safety of our employees, customers, and all Rhode Islanders.These include Ohio’s MGM Northfield Park and MGM’s Yonkers Raceway — where a long-time trainer and office worker died after contracting coronavirus.“Our top priority is the safety of Rhode Islanders.no deposit royal ace casino

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red stag casino no deposit” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.On the acquisition front, Boyer notes some footnotes in table games at horseshoe casinoMonarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase.chukchansi casino raidThe 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.“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.cashman casino home page

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tropicana laughlin hotel and casinoWaiting For Cooler Heads to PrevailEntering Friday, gaming stocks were under intense selling pressure this month as investors bailed on the group amid fears the COVID-19 pandemic is going to sap earnings and keep gamblers away.On a recent conference call, management did not indicate the COVID-19 outbreak is delaying enhancements at that venue.Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.”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.These include Ohio’s MGM Northfield Park and MGM’s Yonkers Raceway — where a long-time trainer and office worker died after contracting coronavirus.Monarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.foxwoods casino hotel booking