intertops casino promo codeAmong 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.Regional casino operator Boyd Gaming is closing its Valley Forge Casino Resort in King of Prussia, Pennsylvania as a result of a directive from state Gov.Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.gold coast casino employmentHowever, 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.Tom Wolf (D).“Although the recent global economic turmoil may compel management to take a pause in its pursuit of additional M&A targets, we continue to believe MCRI’s capital structure flexibility and the generally onerous levels of debt incurred by several of its regional operator peers, favorably positions the company to potentially exruby bolts e rs3ecute thoughtful and accretive M&A transactions at a future date,” said the analyst.play free casino video slot games

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valley forge casino resort king of prubia pennsylvania“All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attentiruby bolts e rs3on, 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.However, 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.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.sunset station casino roomsorg.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.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 to pass on that purchase.soaring eagle casino covid rules

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clearwater casino directionsMonarch reported fiscal first-quarter results earlier this week.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.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.58% after an analyst said the stock’s recent slide is the epitome of “throwing the baby out with the bathwater.Tom Wolf (D).ohegan Sun and Foxwoods Resorts Casino remain open.firekeepers casino open