7 clans casino table gamesThe 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.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.brian christopher slots choctawThe initial 9 billion in PPP funding has already been exhausted.In addition to owning all of its real estate, MCRI had one of the best balance sheets in gaming, coming into the pandemic with 2.01 million.big dollar casino online

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harrah s cherokee casino slot machinesThat diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.”The company is trying to get a temporary certificate of occupancy from the town of Black Hawk.“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.blackjack casino big winThe Union Gaming analyst has a “buy” rating on Monarch is bovada casino fairstock, with a price target of , implying upside of 45 percent from Thursday’s close.The initial 9 billion in PPP funding has already been exhausted.01 million.black bear casino 7 fires steakhouse

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online casino money trainSelling real estate to boost cash holdings is common in the gaming industry.“In the nearly one month since the CARES Act was enacted to provide economic relief to blunt the impact of the COVID-19 pandemic, the American Gaming Association and our allies have fought tirelis bovada casino fairessly to correct the Small Business Administration’s antiquated policy that precluded gaming companies from qualifying for loans through the Paycheck Protection Program,” said AGA President Bill Miller.Those in favor of liquidating casino property holdings argue operators aren’t real estate companies, and selling property creates a near-term influx of capital while moving risk off the balance sheet.Analyst 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.Analysts and investors view Monarch’s Centennial State property as integral to the operator’s efforts to increase revenue and cash flow.Dealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus.sycuan casino steakhouse