boomtown casino biloxiSome analysts are noting the pandemonium in casino equities is depressing valuations to the point that some names, including Monarch, may be too tempting to ignore when the chaos ebbs.Waiting For Cooler Heads to PrevailEntering Friday, gaming stocks were under intense selling pressure this month as investors bailed on the group amid fears the COVID-19 pandemic is going to sap earnings and keep gamblers away.However, the combination of the company’s strong balance sheet and depressed stock prices in the industry could compel it to consider acquisitions down the road.morongo casino football frenzyMonarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.Pennsylvania’s Valley Forge Casino Resort was temporarily closed by Boyd Gaming, and several other Pennsylvania casinos are also closing.choctaw casino inn

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online gambling legal“Our top priority is the safety of Rhode Islanders.Elsewhere, MGM has also revealed it is closing nightclubs and dayriverwind casino tulsa ok clubs.Those are important traits at a time when many market observers are feaririverwind casino tulsa okng companies could face liquidity crunches if a recession arrives.roulette casino kolnMonarch reported fiscal first-quarter results earlier this week.The Illinois Gaming Board ordered each of the state’s 10 casinos to close for two weeks, according to news reports.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.slot machine san manuel casino

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winstar world casino free drinks“All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attention, we would prefer to see some level of rationality return to the public equity markets prior to growing more constructive on the shares,” said Boyer.Pennsylvania’s Valley Forge Casino Resort was temporarily closed by Boyd Gaming, and several other Pennsylvania casinos are also closing.Spas and salons will close starting on Monday.he situation will be reassessed based on the most up-to-date data and guidance from the Rhode Island Department of Health,” the lottery statement adds.” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.Some 150 food and beverage venues will close on a rolling basis.black bear casino hotel prices