bellagio casino youtube(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.Monarch reported fiscal first-quarter results earlier this week.Among 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.thunder valley casino covid 19Valley Forge Casino Resort is the first coronavirus gaming victim in Pennsylvania.” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.“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 exbovada casino payoutecute thoughtful and accretive M&A transactions at a future date,” said the analyst.wild casino promo codes

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y.casino onlinePennsylvania’s Valley Forge Casino Resort was temporarily closed by Boyd Gaming, and several other Pennsylvania casinos are also closing.Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.“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 exbovada casino payoutecute thoughtful and accretive M&A transactions at a future date,” said the analyst.hollywood casino paThe 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.Waiting 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.(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.casino near me slots

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golden nugget casino vegasAmong 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.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.Elsewhere, MGM has also revealed it is closing nightclubs and day clubs.58% after an analyst said the stock’s recent slide is the epitome of “throwing the baby out with the bathwater.Waiting 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.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.mount olive casino