tachi palace casino security2x net leverage at year-end,” said Union Gaming analyst John DeCree in a note to clients today.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.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.little river casino employmentThose 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.Selling real estate to boost cash holdings is common in the gaming industry.“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.44aces casino no deposit bonus

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desert diamond casino showsConversely, 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.A caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling.Small casinos are now eligible for the federal government’s Payroll Protection Program.boomtown casino logoAnalysts and investors view Monarch’s Centennial State property as integral to the operator’s efforts to increase revenue and cash flow.For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .34 million.peppermill resort spa casino expedia

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free slot games to play on my phone“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.That updated conditions still excluded many small casinos throughout the country.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.Atlantis owner Monarch Casino could be a regional gaming winner.But this week, Congress apprFor the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .lake tahoe with casino