casino yonkersA press release today announced the news that Cirque du Soleil Entertainment Group has filed for protection from its creditors under the Companies’ Creditors Arrangement Act (CCAA) in Quebec.“ERI remains our top idea across our entire coverage universe, and we still believe this will be a triple-digit stock at some point in the not-too-distant future.”Shows Play Critical RoleLas Vegas casinos rely heavily on marquee entertainment to attract guests to their properties.boulder station casinosThen the coronavirus pandemic struck, sending gaming equities tumbling.If a superior court approves of the request during a hearing tomorrow, Cirque says it will then seek Chapter 15 protection in the United States.(Image: AP News)In a note to clients earlier today, Stifel analyst Steven Wieczynski reiterated a “buy” rating on the regional gaming company, while boosting his price forecast to from .lucky tiger casino no deposit

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peppermill casino poker roomThe company expanded rapidly during the 1990s and 2000s and made its way to the Las Vegas Strip in 1992 with Nouvelle Experience at The Mirage.”The Monday rebound for ERI stock comes after the name bled almost 14 percent last week, as gaming equities were pummeled by a resurgence in coronavirus cases.The company laid off approximately 95 percent of its 4,700 staff and performers, including 1,300 workers in Las Vegas.sycuan casino updateOur long-term bullish thesis around the ERI story has not changed at all,” said the analyst.But he sees plenty of tailwinds coming from the operator’s takeover of rival Caesars Entertainment (NASDAQ:CZR).For the past 36 years, Cirque du Soleil has been a highly successful and profitable organization.e games online casino philippines

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red stag casino australiaThe new projection implies an upside of more than 50 percent from where the name trades at this writing.It wasn’t all due to the coronavirus.Steve Sisolak (D) allowed casinos to begin reopening June 4 but said he will delay moving into Phase Three of reopening after Nevada recently experienced an upward trend in the number of coronavirus cases.ERI’s peak-to-trough decline was one of the more breathtaking in the industry, as the stock went in a matter of weeks from the aforementioned flirtation to a strHowever, with zero revenues since the forced closure of all of our shows due to COVID-19, management had to act decisively to protect the Company’s future,” said Daniel Lamarre, president and CEO of Cirque du Soleil Entertainment Group.“ERI remains our top idea across our entire coverage universe, and we still believe this will be a triple-digit stock at some point in the not-too-distant future.bicycle casino ownership