River Spirit Casino Check In g to Macquarie. 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. thunder valley slots foxwoods online free coins and shop 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. Paragon Casino Keith Sweat Onrk Letting the process drag out potentially works in favor of the SAR government because it buys time for post-pandemic recovery to materialize. wild casino casino “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, Nevada. four winds casino meliba etheridge An analyst is bullish on the stock, citing multiple tailwinds. (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. 66 percent from the Dec. 10 close. He acknowledges that there’s somcool cat casino codee near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned. online slots real money pa hard rock casino event center With peer-low leverage, we believe MCRI is well-positioned for opportunistic mergers and acquisitions,” said Wieczynski. cache creek casino resort hotel “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.

Key Insights and Expert Analysis

”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. brian christopher slots latest video poker casino germany 73 percent over the past month. casino 7 games bovada online casino reviews Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo. That is expected to become a vital driver of revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) as renovations are finalized. 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 in the state’s three gaming cities. It’s a move that also provides for the addition of new table games, such as baccarat and pai-gow tiles. g casino blackpool 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 Lcool cat casino codeas Vegas. Resorts Casino Hotel 1133 Boardwalk Czbp “A changing Black Hawk market profile (more high-end rooms, more competitive table games, etc. Seneca Niagara Casino Wedding Ogpk

) could see MCRI take more share from the Denver feeder market, particularly with some gamblers wary of flying to Las Vegas,” said Wieczynski. doubledown casino on facebook no deposit bonus casino guide The operator is nearing completion on the 0 million worth of enhancements to its Black Hawk property. thunder valley casino instagram 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. This includes a 100 percent ownership of its real estate, meaning it has limited fixed costs and strong free cash flow prospects. seven feathers casino closed “We believe MCRI’s management team is one of the best in the business and well-aligned with shareholders,” notes Wieczynski. His price forecast on the shares is based on the name trading at 12x estimated 2022 adjusted EBITDA. Harrah S Cherokee Casino Check Out Time Xggc That’s in line with Monarch’s historical range of