video poker winThe Illinois Gaming Board ordered each of the state’s 10 casinos to close for two weeks, according to news reports.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.On the acquisition front, Boyer notes some footnotes in riverwind casino tulsa okMonarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase.online casino 5 euro einzahlungAtlantis operator Monarch Casino rallied Friday after an analyst said selling in the name may be overdone.”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.Monarch reported fiscal first-quarter results earlier this week.borgata online casino pa

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island view casino free playElsewhere, MGM has also revealed it is closing nightclubs and dayriverwind casino tulsa ok clubs.Spas and salons will close starting on Monday.“However, the state’s efforts to slow the spread of the COVID-19 virus are of paramount importance.little river casino menuMonarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.“Our top priority is the safety of Rhode Islanders.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.an pho kansas star casino

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youtube free slots“All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attention, 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.property is under expansion, something viewed as an important earnings and revenue driver for the company.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.Monarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.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.free slots offline