Directions Valley Forge Casino ohegan Sun and Foxwoods Resorts Casino remain open. Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations. These include Ohio’s MGM Northfield Park and MGM’s Yonkers Raceway — where a long-time trainer and office worker died after contracting coronavirus. Pennsylvania’s Valley Forge Casino Resort was temporarily closed by Boyd Gaming, and several other Pennsylvania casinos are also closing. 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. The Illinois Gaming Board ordered each of the state’s 10 casinos to close for two weeks, according to news reports. black bear casino table games

Elsewhere, MGM has also revealed it is closing nightclubs and day clubs. golden nugget casino resort Download Liberty Slots Pcet Spas and salons will close starting on Monday. wild diamond casino Some 150 food and beverage venues will close on a rolling basis. An unspecified number of MGM workers’ furloughs and layoffs will commence next week. Casino Theme Ghor Monarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12. four winds casino theater 58% after an analyst said the stock’s recent slide is the epitome of “throwing the baby out with the bathwater. mgm grand casino detroit michigan mgm casino jobs springfield ma

Key Insights and Expert Analysis

” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides. Atlantis operator Monarch Casino rallied Friday after an analyst said selling in the name may be overdbovada casino payoutone. twin river casino open christmas day (Image: YouTube)On Friday, shares of the operator of the Atlantis Casino-Resort in Reno, Nevada surged on more than triple the average daily volume, taking a bite out of what had been a March decline of more than 61 percent, after Stifel analyst Brad Boyer dubbed that selloff “irrational. ”While MCRI is in no way immune to challenges introduced by the (coronavirus) outbreak, we would argue the company is positioned to benefit from several structural advantages that are currently being overlooked by investors,” said Boyer in a note obtained by Casino. org. jackson rancheria casino camping 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. Boulder Station Hotel And Casino Las Vegas Nevada Qjre

Those are important traits at a time when many market observers are fearing companies could face liquidity crunches if a recession arrives. 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. island view casino biloxi tachi palace casino general manager Some 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. Black Lotus Casino Codes For Existing Users 2020 Jrlv “All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attentibovada casino payouton, 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. Monarch reported fiscal first-quarter results earlier this week. sycuan casino discount code While the company said there wasn’t a material impact from the coronavirus on those numbers, management noted that, more recently, some older visitors are opting to stay away from the Atlantis and the Black Hawk casino in Colorado because of fears of contracting the respiratory illness. casino blackjack glitch gta 5

Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo. bovada or ignition casino property is under expansion, something viewed as an important earnings and revenue driver for the company. 3 reel slot games free online casino no deposit bonus keep what you win 2021 On a recent conference call, management did not indicate the COVID-19 outbreak is delaying enhancements at that venue. ruby slots bonus codes On the acquisition front, Boyer notes some footnotes in Monarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected