casino wild dearbornSmall casinos are now eligible for the federal government’s Payroll Protection Program.Small casinos are now eligible for the federal government’s Payroll Protection Program.(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.table games casino covidSelling real estate to boost cash holdings is common in the gaming industry.“We are pleased that the new regulatory guidelines released today make small gaming companies eligible for this critical program just as Congress has replenished its funding,” Miller added.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.seven feathers casino rv resort

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free slots apps for android2 trillion Coronavirus, Aid, Relief, and Economic Security Act (CARES Act), Congress set aside 9 billion for the PPP.The initial 9 billion in PPP funding has already been exhausted.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.casino 777The Union Gaming analyst has a “buy” rating on Monarch lake tahoe casino covid restrictionsstock, with a price target of , implying upside of 45 percent from Thursday’s close.That diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.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.is valley forge casino open

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casino dealer s choice poker table top“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.Analysts and investors view Monarch’s Centennial State property as integral to the operator’s efforts to increase revenue and cash flow.Monarch 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.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.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.That diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.twin river casino rewards