gold coast casino dealsElsewhere, MGM has also revealed it is closing nightclubs and day clubs.Atlantis operator Monarch Casino rallied Friday after an analyst said selling in the name may be overdruby bolts e rs3one.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.mohegan sun casino videoMonarch reported fiscal first-quarter results earlier this week.Monarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.”While MCRI is in no way immune to challenges introduced by the (coronavirus) outbreak, we would argue the company is positioned to benefit from several structural advantages that are currently being overlooked by investors,” said Boyer in a note obtained by Casino.mgm grand casino restaurants

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seven feathers casino and resortThe Wildhorse Resort & Casino in Oregon closed for two days recently for a deep cleaning “out of an abundance of caution” after one of its workers was declared presumptive positive for COVID-19.Regional casino operator Boyd Gaming is closing its Valley Forge Casino Resort in King of Prussia, Pennsylvania as a result of a directive from state Gov.Those are important traits at a time when many market observers are fearing companies could face liquidity crunches if a recession arrives.four winds casino table gamesWaiting For Cooler Heads to PrevailEntering Friday, gaming stocks were under intense selling pressure this month as investors bailed on the group amid fears the COVID-19 pandemic is going to sap earnings and keep gamblers away.However, the combination of the company’s strong balance sheet and depressed stock prices in the industry could compel it to consider acquisitions down the road.On the acquisition front, Boyer notes some footnotes in Monarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase.liberty slots sign up bonus

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bicycle casino john parkMonarch reported fiscal first-quarter results earlier this week.(Image: Boyd Gaming)On Thursday, property is under expansion, something viewed as an important earnings and revenue driver for the company.Tom Wolf (D).“Although the recent global economic turmoil may compel management to take a pause in its pursuit of additional M&A targets, we continue to believe MCRI’s capital structure flexibility and the generally onerous levels of debt incurred by several of its regional operator peers, favorably positions the company to potentially exruby bolts e rs3ecute thoughtful and accretive M&A transactions at a future date,” said the analyst.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.fanduel casino error 6