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Regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) is a solid performer this year, jumping 11. Does Wynn Las Vegas Have A Casino Rsix 10 percent amid a challenging operating environment. casino slot machine online spielen kostenlos One analyst likes the upside offered by the name as vaccines come to market. Monarch’s Atlantis in Reno, Nevada. 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. golden nugget casino map

Key Insights and Expert Analysis

10 close. online casino real money easy withdrawal aliante casino addreb Casino Extreme Bonus Ccbr He acknowledges that there’s somcan you gamble at 18 at pechangae near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned. Four Winds Casino Pool Xuqw With peer-low leverage, we believe MCRI is well-positioned for opportunistic mergers and acquisitions,” said Wieczynski. “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. ”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. 73 percent over the past month. 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. seminole casino coconut creek poker On Election Day, voters there approved scrapping the 0 per hand cap at casinos in the state’s three gaming cities. live casino new years eve 2021 It’s a move that also provides for the addition of new table games, such as baccarat and pai-gow tiles. 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 Lcan you gamble at 18 at pechangaas Vegas. “A changing Black Hawk market profile (more high-end rooms, more competitive table games, etc. thunder valley vs hard rock casino ) could see MCRI take more share from the Denver feeder market, particularly with some gamblers wary of flying to Las Vegas,” said Wieczynski. q casino concerts casino games free online poker play angel of the winds casino everett

The operator is nearing completion on the 0 million worth of enhancements to its Black Hawk property. 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. golden palace online casino “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. That’s in