Gslot Casino Review ohegan Sun and Foxwoods Resorts Casino remain open. Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations. chinook winds casino resort These include Ohio’s MGM Northfield Park and MGM’s Yonkers Raceway — where a long-time trainer and office worker died after contracting coronavirus. 0 casino heist Sunset Station Casino Bowling Alley Nrbg 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. Elsewhere, MGM has also revealed it is closing nightclubs and day clubs. online blackjack legal california

Spas and salons will close starting on Monday. Casino Near Me Truck Parking Immt Some 150 food and beverage venues will close on a rolling basis. free play slot game great blue An unspecified number of MGM workers’ furloughs and layoffs will commence next week. blackjack online real money app slot machine casino near san jose ca golden nugget casino ds Monarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12. 58% after an analyst said the stock’s recent slide is the epitome of “throwing the baby out with the bathwater. river spirit casino resort tulsa ok ” 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 overdmorongo casino weddingsone.

Key Insights and Expert Analysis

(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. free slots keno org. cleo 2 free slots royal ace casino mobile download 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. is scarlet pearl casino smoke free Those are important traits at a time when many market observers are fearing companies could face liquidity crunches if a recession arrives. Resorts Casino Rewards Spwh 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. 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. admiral casino romania

“All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attentimorongo casino weddingson, 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. miami club casino 20 no deposit wild goose casino ellensburg is jamul casino buffet open Monarch reported fiscal first-quarter results earlier this week. Free Slot Games For Iphone Yohv 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. Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo. property is under expansion, something viewed as an important earnings and revenue driver for the company. On a recent conference call, management did not indicate the COVID-19 outbreak is delaying enhancements at that venue. 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