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river spirit casino hr(Image: Reno Gazette-Journal)In a note to clients, Stifel analyst Steven Wieczynski restarts coverage of Monarch with a “buy” rating and a price target, implying upside of 16.(Image: Casino.“Renewing licenses after a full GGR [gross gaming revenue] recovery would offer policymakers more bargaining power (specifically over non-gaming capital expenditure),” according to Macquarie.turn 2 hollywood casinoOn Election Day, voters there approved scrapping the 0 per hand cap at casinos in the state’s three gaming cities.“A changing Black Hawk market profile (more high-end rooms, more competitive table games, etc.Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo.desert diamond casino players club

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directions twin river casinoThe company’s Centennial State footprint is important for other reasons, including a growing sports betting market and the recent elimination of table game bet limits.Monarch’s Atlantis in Reno, Nevada.“While MCRI boasts a premium valuation, we see opportunity for further upside, as MCRI executes on one of the more compelling growth stories across our gaming coverage.The governor is forcing casinos to close Friday, Dec.That is expected to become a vital driver of revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) as renovations are finalized.”Although casinos in Colorado and Nevada, where Monarch operates its two venues, are currently subject to capacity restrictions owing to a recent surge in coronavirus cases, the stock is higher by 6.casino atlantic city