download rsweeps apkAn unspecified number of MGM workers’ furloughs and layoffs will commence next week.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.On a recent conference call, management did not indicate the COVID-19 outbreak is delaying enhancements at that venue.encore casino mabachusettsElsewhere, MGM has also revealed it is closing nightclubs and day clubs.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.casino near me blackjack

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free 3 line slot gamesorg.ohegan Sun and Foxwoods Resorts Casino remain open.Some 150 food and beverage venues will close on a rolling basis.viejas casino locationRegional 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.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.seneca niagara casino to niagara falls

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wynn las vegas casino floorThese include Ohio’s MGM Northfield Park and MGM’s Yonkers Raceway — where a long-time trainer and office worker died after contracting coronavirus.Some 150 food and beverage venues will close on a rolling basis.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.Those are important traits at a time when many market observers are fearing companies could face liquidity crunches if a recession arrives.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.“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.is downstream casino pet friendly