clearwater casino and lodgeSelling real estate to boost cash holdings is common in the gaming industry.2x net leverage at year-end,” said Union Gaming analyst John DeCree in a note to clients today.Conversely, those that don’t favor real estate sales as a means of boosting cash say the move creates a new liability for the seller in the form of what are usually lengthy leases.casino roulette wheel numbers01 million.Small businesses, defined as having 500 or fewer employees, were eligible to apply for forgivable loans (up to million) so long as they use at least 75 percent of the money to continue paying workers.Analyst Sees Lots to LikeWhile Monarch confronts the same coronavirus headwinds as its larger rivals, DeCree believes the company’s strong balance sheet is an advantage.cliff castle casino open

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hard rock casino hotel“This provides the company with ample liquidity to weather the storm and emerge from the pandemic in a favorable position to be opportunistic and potentially consolidate smaller, less well-capitalized operators at attractive prices,” he said.The goal is to make the first five floors of the hotel and some floors in a new tower available for guest use when Colorado signs off on reopening gaming venues.The impact of the coronavirus closures on Monarch’s top and bottom lines is evident, as highlighted by the company’s first-quarter results revealed earlier this week.resorts casino promotionsWall Street was expecting earnings of 29 cents on turnover of .Small businesses, defined as having 500 or fewer employees, were eligible to apply for forgivable loans (up to million) so long as they use at least 75 percent of the money to continue paying workers.”The company is trying to get a temporary certificate of occupancy from the town of Black Hawk.paragon casino suites

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7 live asia casinoThe Union Gaming analyst has a “buy” rating on Monarch lake tahoe casino covid restrictionsstock, with a price target of , implying upside of 45 percent from Thursday’s close.(Image: YouTube)The Reno-based company owns just two casinos – the Atlantis Casino-Resort in its home market and the Monarch Casino Black Hawk in the Colorado town of the same name.The impact of the coronavirus closures on Monarch’s top and bottom lines is evident, as highlighted by the company’s first-quarter results revealed earlier this week.“In the nearly one month since the CARES Act was enacted to provide economic relief to blunt the impact of the COVID-19 pandemic, the American Gaming Association and our allies have fought tirellake tahoe casino covid restrictionsessly to correct the Small Business Administration’s antiquated policy that precluded gaming companies from qualifying for loans through the Paycheck Protection Program,” said AGA President Bill Miller.Its Atlantis in Reno has been shuttered for more than a month, and the same is true of lake tahoe casino covid restrictionsthe company’s Centennial State property.Monarch CEO John Farahi said the COVID-19 outbreak is slowing some of the company’s construction plans in Colorado, “and we do not yet have a definitive timeline for the property opening.angel of the winds casino everett