viejas casino oak ballroomWaiting 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.Monarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.Pennsylvania’s Valley Forge Casino Resort was temporarily closed by Boyd Gaming, and several other Pennsylvania casinos are also closing.free online poker browserCoronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.Pennsylvania’s Valley Forge Casino Resort was temporarily closed by Boyd Gaming, and several other Pennsylvania casinos are also closing.mgm casino connecticut

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w casino free chipsSome 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.Those are important traits at a time when many market observers are fearitable games at horseshoe casinong companies could face liquidity crunches if a recession arrives.“However, the state’s efforts to slow the spread of the COVID-19 virus are of paramount importance.seven feathers casino roomsHowever, 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.Pennsylvania’s Valley Forge Casino Resort was temporarily closed by Boyd Gaming, and several other Pennsylvania casinos are also closing.On the acquisition front, Boyer notes some footnotes in table games at horseshoe casinoMonarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase.high 5 vegas play free casino slot games for fun

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t rex free slot casinoSome 150 food and beverage venues will close on a rolling basis.Among the Monarch catalysts highlighted by the analyst are one of the best balance sheets in its peer group, low leverage, and easy access to capital via strong cash flow and a million credit facility.Spas and salons will close starting on Monday.The Wildhorse Resort & Casino in Oregon closed for two days recently for a deep cleaning “out of an abundance of caution” after one of its workers was declared presumptive positive for COVID-19.Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.The Illinois Gaming Board ordered each of the state’s 10 casinos to close for two weeks, according to news reports.black bear casino in cloquet minnesota