chinook winds casino night clubSome analysts are noting the pandemonium in casino equities is depressing valuations to the point that some names, including Monarch, may be too tempting to ignore when the chaos ebbs.Monarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.(Image: YouTube)On Friday, shares of the operator of the Atlantis Casino-Resort in Reno, Nevada surged on more than triple the average daily volume, taking a bite out of what had been a March decline of more than 61 percent, after Stifel analyst Brad Boyer dubbed that selloff “irrational.red stag casino codesAmong the Monarch catalysts highlighted by the analyst are one of the best balance sheets in its peer group, low leverage, and easy access to capital via strong cash flow and a million credit facility.The 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.“However, the state’s efforts to slow the spread of the COVID-19 virus are of paramount importance.morongo casino restaurants buffet

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firekeepers casino jobsAn unspecified number of MGM workers’ furloughs and layoffs will commence next week.While the company said there wasn’t a material impact from the coronavirus on those numbers, management noted that, more recently, some older visitors are opting to stay away from the Atlantis and the Black Hawk casino in Colorado because of fears of contracting the respiratory illness.“Our top priority is the safety of Rhode Islanders.harrahs casino in ca“However, the state’s efforts to slow the spread of the COVID-19 virus are of paramount importance.Monarch reported fiscal first-quarter results earlier this week.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.casino near me delaware

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f jumpman casinoHowever, 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.” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.Pennsylvania’s Valley Forge Casino Resort was temporarily closed by Boyd Gaming, and several other Pennsylvania casinos are also closing.On the acquisition front, Boyer notes some footnotes in golden nugget casino entrance feeMonarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase.”In nearby Connecticut, Mohegan Sun and Foxwoods Resorts Casino remain open.Some analysts are noting the pandemonium in casino equities is depressing valuations to the point that some names, including Monarch, may be too tempting to ignore when the chaos ebbs.winstar world casino offer code