black bear casino resortThe impact of the coronavirus closures on Monarch’s top and bottom lines is evident, as highlighted by the company’s first-quarter results revealed earlier this week.Its Atlantis in Reno has been shuttered for more than a month, and the same is true of lake tahoe casino covid restrictionsthe company’s Centennial State property.That diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.four winds casino st joseph miThe Union Gaming analyst has a “buy” rating on Monarch lake tahoe casino covid restrictionsstock, with a price target of , implying upside of 45 percent from Thursday’s close.“In the nearly one month since the CARES Act was enacted to provide economic relief to blunt the impact of the COVID-19 pandemic, the American Gaming Association and our allies have fought tirellake tahoe casino covid restrictionsessly to correct the Small Business Administration’s antiquated policy that precluded gaming companies from qualifying for loans through the Paycheck Protection Program,” said AGA President Bill Miller.(Image: YouTube)The Reno-based company owns just two casinos – the Atlantis Casino-Resort in its home market and the Monarch Casino Black Hawk in the Colorado town of the same name.borgata online casino deposit match

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pechanga casino gamesFor the first three months of the year, the regional gaming operator earned 11 cents a share on revenue of .“We are pleased that the new regulatory guidelines released today make small gaming companies eligible for this critical program just as Congress has replenished its funding,” Miller added.Small casinos are now eligible for the federal government’s Payroll Protection Program.silver oak casino 2020That diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.Monarch CEO John Farahi said the COVID-19 outbreak is slowing some of the company’s construction plans in Colorado, “and we do not yet have a definitive timeline for the property opening.That updated conditions still excluded many small casinos throughout the country.ruby slots sister casino

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clearwater casino drawingsSelling real estate to boost cash holdings is common in the gaming industry.After being pressed by the gaming industry, the SBA amended the PPP regulations to permit companies that generate up to half of their income from gaming.34 million.Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.“This provides the company with ample liquidity to weather the storm and emerge from the pandemic in a favorable position to be opportunistic and potentially consolidate smaller, less well-capitalized operators at attractive prices,” he said.“In the nearly one month since the CARES Act was enacted to provide economic relief to blunt the impact of the COVID-19 pandemic, the American Gaming Association and our allies have fought tirellake tahoe casino covid restrictionsessly to correct the Small Business Administration’s antiquated policy that precluded gaming companies from qualifying for loans through the Paycheck Protection Program,” said AGA President Bill Miller.jamul casino guest services