mgm grand greektown casinoSmall businesses, defined as having 500 or fewer employees, were eligible to apply for forgivable loans (up to million) so long as they use at least 75 percent of the money to continue paying workers.2x net leverage at year-end,” said Union Gaming analyst John DeCree in a note to clients today.(Image: YouTube)The Reno-based company owns just two casinos – the Atlantis Casino-Resort in its home market and the Monarch Casino Black Hawk in the Colorado town of the same name.island resort and casino oasis2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.Dealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus.Small casinos can now apply to receive funds through the Small Business Administration’s Payroll Protection Program (PPP) after the agency issued new regulations.lake tahoe casino ski resort

hard rock casino buffet

big fish casino helpAfter being pressed by the gaming industry, the SBA amended the PPP regulations to permit companies that generate up to half of their income from gaming.Analysts and investors view Monarch’s Centennial State property as integral to the operator’s efforts to increase revenue and cash flow.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.firekeepers casino mobile appAnalyst 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.Wall Street was expecting earnings of 29 cents on turnover of .But analysts are divided on whether the moves are practical.gold coast casino christmas lunch

is black oak casino open yet

hard rock casino lake tahoe number“This provides the company with ample liquidity to weather the storm and emerge from the pandemic in a favorable position to be opportunistic and potentially consolidate smaller, less well-capitalized operators at attractive prices,” he said.Small businesses, defined as having 500 or fewer employees, were eligible to apply for forgivable loans (up to million) so long as they use at least 75 percent of the money to continue paying workers.Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.Atlantis owner Monarch Casino could be a regional gaming winner.For the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .That diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.wild horse pab casino careers