boomtown casino reno buffetHe acknowledges that there’s somwinstar world casino bingoe near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned.(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.The operator is nearing completion on the 0 million worth of enhancements to its Black Hawk property.play for free slot gamesHe acknowledges that there’s somwinstar world casino bingoe near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned.On Election Day, voters there approved scrapping the 0 per hand cap at casinos in the state’s three gaming cities.”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.kansas star casino covid rules

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draftkings rocket casino game) could see MCRI take more share from the Denver feeder market, particularly with some gamblers wary of flying to Las Vegas,” said Wieczynski.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.Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo.firekeepers casino gift shopThat’s in line with Monarch’s historical range of 9x to 13x, and above the typical 7x to 11x for comparable gaming companies.One analyst likes the upside offered by the name as vaccines come to market.Its other venue is the Atlantis in its home market of Reno, Nev.mohegan sun casino gift card

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online blackjack delawareMonarch’s Strong FundamentalsAlthough Monarch trades at rich valuations relative to its peers, it commands those premiums due to strong fundamentals.Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo.He acknowledges that there’s somwinstar world casino bingoe near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned.Its other venue is the Atlantis in its home market of Reno, Nev.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 Lwinstar world casino bingoas Vegas.Casinos with COVID-19 safeguards in Pennsylvania must close, but unregulated “skill gaming” machines in convenience stores will likely remain on during the latest shutdown.bicycle casino john park