Riverwind Casino Points ee operators’ plans for post-coronavirus recovery and gauge the veracity of that rebound when the virus is ultimately vanquished. It’s possible “licenses are renewed at favorable terms, including no change in tax rates, manageable concession payments, and reasonable non-gaming capital expenditure mandates,” according to Macquarie. Macau Could Renew PermitsIf Macau policymakers opt to renew gaming permits under the above scenario, it’s probable the outcome would be a 10-year licensing period, not 20 years. firekeepers casino earth wind and fire Free Casino Slot Games App Gfjz Another option, particularly if it appears likely the process will extend beyond 2022, is simply for the SAR to re-up the permits under current terms for two or three years. online casino 10 deposit Macau law allows for a five-year extension of that nature after an original license expires. Letting the process drag out potentially works in favor of the SAR government because it buys time for post-pandemic recovery to materialize. “Renewing licenses after a full GGR [gross gaming revenue] recovery would offer policymakers more bargaining power (specifically over non-gaming capital expenditure),” according to Macquarie.

Las Vegas Sands and Galaxy Entertainment are the two largest Macau operators by market share. is desert diamond casino in glendale open seminole casino dreb code Regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) is a solid performer this year, jumping 11. seven feathers casino resort in canyonville oregon 10 percent amid a challenging operating environment. One analyst likes the upside offered by the name as vaccines come to market. Monarch’s Atlantis in Reno, Nevq store downstream casinoada. drake casino australia An analyst is bullish on the stock, citing multiple tailwinds. morongo casino faq 9 Casino Road Glen Forrest Ezlc Canada (Image: Reno Gazette-Journal)In a note to clients, Stifel analyst Steven Wieczynski restarts coverage of Monarch with a “buy” rating and a price target, implying upside of 16. jackson rancheria casino history wild casino app download Www Mychoice Casino Com Vdgc

Key Insights and Expert Analysis

66 percent from the Dec. 10 close. intertops casino australia He acknowledges that there’s some near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned. nearest casino in louisiana With peer-low leverage, we believe MCRI is well-positioned for opportunistic mergers and acquisitions,” said Wieczynski. maryland live casino 100 free play “While MCRI boasts a premium valuation, we see opportunity for further upside, as MCRI executes on one of the more compelling growth stories across our gaming coverage. ”Although casinos in Colorado and Nevada, where Monarch operates its two venues, are currently subject to capacity restrictions owing to a recent surge in coronavirus cases, the stock is higher by 6. 73 percent over the past month.

Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo. black oak casino in tuolumne california That is expected to become a vital driver of revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) as renovations are finalized. The company’s Centennial State footprint is important for other reasons, including a growing sports betting market and the recent elimination of table game bet limits. On Election Day, voters there approved scrapping the 0 per hand cap at casinos inq store downstream casino the state’s three gaming cities. It’s a move that also provides for the addition of new table games, such as baccarat and pai-gow tiles. As a result, analysts believe Colorado gaming venues will be able to attract a more affluent clientele, and perhaps keep more Denver-area gamblers in the state amid restrictions in Las Vegas. “A changing Black Hawk market profile (more high-end rooms, more competitive table games, etc.

) could see MCRI take more share from the Denver feeder market, particularly with some gamblers wary of flying to Las Vegas,” said Wieczynski. turtle lake casino gift certificates A Casino Slot Games Nnfw Netherlands The operator is nearing completion on the 0 million worth of enhancements to its Black Hawk property. Its other venue is the Atlantis in its home market of Reno, Nev. Monarch’s Strong FundamentalsAlthough Monarch trades at rich valuations relative to its peers, it commands those premiums due to strong fundamentals. pechanga casino wedding thunder valley casino and covid This includes a 100 percent ownership of its real estate, meaning it has limited fixed costs and strong free cash flow prospects. “We believe MCRI’s