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firekeepers casino logoIn addition to owning all of its real estate, MCRI had one of the best balance sheets in gaming, coming into the pandemic with 2.Selling real estate to boost cash holdings is common in the gaming industry.That diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.free slot machines play for funBut analysts are divided on whether the moves are practical.The initial 9 billion in PPP funding has already been exhausted.Its Atlantis in Reno has been shuttered for more than a month, and the same is true of is bovada casino fairthe company’s Centennial State property.borgata online free casino

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foxwoods resort casino hotel dealsAnalyst 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.s one of the smallest publicly traded gaming companies by market value – just 6 million – but it has massive upside potential in the eyes of some analysts.The goal is to make the first five floors of the hotel and some floors in a new tower available for guest use when Colorado signs off on reopening gaming venues.drake casino no deposit bonus 2020Monarch CEO John Farahi said the COVID-19 outbreak is slowing some of the company’s construction plans in Colorado, “and we do not yet have a definitive timeline for the property opening.Conversely, those that don’t favor real estate sales as a means of boosting cash say the move creates a new liability for the seller in the form of what are usually lengthy leases.The 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.is las atlantis casino legit

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scarlet pearl casino kronosA caveat in the initial bill excluded companies that derive more than one-third of their revenue from gambling.Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.That diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.But analysts are divided on whether the moves are practical.The goal is to make the first five floors of the hotel and some floors in a new tower available for guest use when Colorado signs off on reopening gaming venues.online casino yukon gold

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