bovada casino forumAtlantis owner Monarch Casino could be a regional gaming winner.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.s one of the smallest publicly traded gaming companies by market value – just 6 million – but it has massive upside potential in the eyes of some analysts.mountaineer casino free drinksSmall casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.The Union Gaming analyst has a “buy” rating on Monarch g casino lutonstock, with a price target of , implying upside of 45 percent from Thursday’s close.2x net leverage at year-end,” said Union Gaming analyst John DeCree in a note to clients today.the online casino no deposit bonus codes

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free slots eye of horusSmall casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.Dealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus.“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.chukchansi casino los huracanes del norte“We are pleased that the new regulatory guidelines released today make small gaming companies eligible for this critical program just as Congress has replenished its funding,” Miller added.But analysts are divided on whether the moves are practical.2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.harrah s casino rewards

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ruby slots bonus codes july 2020“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 tirelg casino lutonessly 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.After being pressed by the gaming industry, the SBA amended the PPP regulations to permit companies that generate up to half of their income from gaming.Its Atlantis in Reno has been shuttered for more than a month, and the same is true of g casino lutonthe company’s Centennial State property.Now, the SBA says it doesn’t matter how much a small business makes from legal gaming.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.Selling real estate to boost cash holdings is common in the gaming industry.mohegan sun casino number