chinook winds casino fireThe 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.But analysts are divided on whether the moves are practical.slotocash casino bonus codesDealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus.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.“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.club player casino mama bonus

tachi palace casino bowling alley

hard rock online casino no deposit bonus codesAnalyst 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.2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.Wall Street was expecting earnings of 29 cents on turnover of .casino near me goaThat diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.The initial 9 billion in PPP funding has already been exhausted.Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.casino zeus game

big fish casino rigged

slot casino online modAtlantis owner Monarch Casino could be a regional gaming winner.34 million.2x net leverage at year-end,” said Union Gaming analyst John DeCree in a note to clients today.”The company is trying to get a temporary certificate of occupancy from the town of Black Hawk.Analysts and investors view Monarch’s Centennial State property as integral to the operator’s efforts to increase revenue and cash flow.But analysts are divided on whether the moves are practical.casino online pariuri x