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Regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) is a solid performer this year, jumping 11. 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, Nevada. blackjack casino slot An analyst is bullish on the stock, citing multiple tailwinds. seneca niagara casino events schedule Fanduel Casino Bonus Codes Tvir (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. 66 percent from the Dec.

Key Insights and Expert Analysis

10 close. He acknowledges that there’s sombig fish casino friend code s e near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned. With peer-low leverage, we believe MCRI is well-positioned for opportunistic mergers and acquisitions,” said Wieczynski. Free Online Let It Ride Poker With 3 Card “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. blackjack en casino ”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. Soaring Eagle Casino Sportsbook Ntut 73 percent over the past month. black lotus casino match bonus Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo. phone number for santa ana casino

That is expected to become a vital driver of revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) as renovations are finalized. wild casino best games 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. scarlet pearl casino gulfport mibibippi On Election Day, voters there approved scrapping the 0 per hand cap at casinos in 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 Lbig fish casino friend code s as 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.

The operator is nearing completion on the 0 million worth of enhancements to its Black Hawk property. social casino poker games 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. mgm casino movie theater 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 management team is one of the best in the business and well-aligned with shareholders,” notes Wieczynski. His price forecast on the shares is based on the name trading at 12x estimated 2022 adjusted EBITDA. golden nugget casino marina That’s in