morongo casino zip codeThe Union Gaming analyst has a “buy” rating on Monarch is bovada casino fairstock, with a price target of , implying upside of 45 percent from Thursday’s close.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.Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.recent brian christopher slotsThe initial 9 billion in PPP funding has already been exhausted.For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .2x net leverage at year-end,” said Union Gaming analyst John DeCree in a note to clients today.morongo casino login

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mohegan sun casino square footageThe 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.Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.Small casinos are now eligible for the federal government’s Payroll Protection Program.firekeepers casino topekaWall Street was expecting earnings of 29 cents on turnover of .Atlantis owner Monarch Casino could be a regional gaming winner.For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .turtle creek casino pool

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pechanga casino hotel phone numberAnalyst 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.Those in favor of liquidating casino property holdings argue operators aren’t real estate companies, and selling property creates a near-term influx of capital while moving risk off the balance sheet.“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.That updated conditions still excluded many small casinos throughout the country.“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.“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 tirelis bovada casino fairessly 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.admiral casino.biz login