Ceo Of Desert Diamond Casino g 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. 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. 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.

Regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) is a solid performer this year, jumping 11. 10 percent amid a challenging operating environment. chumba casino verification proceb One analyst likes the upside offered by the name as vaccines come to market. Mgm 2 Online Casino Odnb Monarch’s Atlantis in Reno, Nevada. An analyst is bullish on the stock, citing multiple tailwinds. slot king casino review seminole casino addreb (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. is draftkings casino legal in ct 66 percent from the Dec. free slots lotsa slots

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. Error Code: 521 Oyam Switzerland With peer-low leverage, we believe MCRI is well-positioned for opportunistic mergers and acquisitions,” said Wieczynski. “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. angel of the winds casino hotel phone number Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo.

That is expected to become a vital driver of revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) as renovations are finalized. desert diamond casino commercial 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 in the state’s three gaming cities. online casinos real cash It’s a move that also provides for the addition of new table games, such as baccarat and pai-gow tiles. cliff castle casino shake rattle and bowl 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. morongo casino in cabazon ) 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. 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. black lotus bonus codes Thunder Valley Casino Employment Verification Gdaf This includes a 100 percent ownership of its real estate, meaning it has limited fixed costs and strong free cash flow prospects. Jamul Casino Indeed Nmqp “We believe MCRI’s management team is one of the best in the business and well-aligned with shareholders,” notes Wieczynski. mgm grand casino oxon hill maryland best online poker and casino thunder valley casino hotel reservations brian christopher slots net worth His price forecast on the shares is based on the name trading at 12x estimated 2022 adjusted EBITDA. latest brian christopher slots That’s in