hard rock casino rockford t shirts(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.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.Valley Forge Casino Resort is the first coronavirus gaming victim in Pennsylvania.encore casino free drinksBoyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.”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.” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.boomtown casino reviews

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royal ace casino complaintsCoronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.org.58% after an analyst said the stock’s recent slide is the epitome of “throwing the baby out with the bathwater.black hawk casinos opening date“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.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.Elsewhere, MGM has also revealed it is closing nightclubs and day clubs.table games at coushatta casino

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online casinoThese include Ohio’s MGM Northfield Park and MGM’s Yonkers Raceway — where a long-time trainer and office worker died after contracting coronavirus.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.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.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 reported fiscal first-quarter results earlier this week.ohegan Sun and Foxwoods Resorts Casino remain open.take me to tachi palace casino