paragon casino owners(Image: Reno Gazette-Journal)In a note to clients, Stifel analyst Steven Wieczynski restarts coverage of Monarch with a “buy” rating and a price target, implying upside of 16.That’s in line with Monarch’s historical range of 9x to 13x, and above the typical 7x to 11x for comparable gaming companies.Monarch’s Strong FundamentalsAlthough Monarch trades at rich valuations relative to its peers, it commands those premiums due to strong fundamentals.online casino real money free playThat is expected to become a vital driver of revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) as renovations are finalized.It’s possible “licenses are renewed at favorable terms, including no change in tax rates, manageable concession payments, and reasonable non-gaming capital expenditure mandates,” according to Macquarie.This includes a 100 percent ownership of its real estate, meaning it has limited fixed costs and strong free cash flow prospects.desert diamond casino games

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us casino online no deposit bonusCasinos with COVID-19 safeguards in Pennsylvania must close, but unregulated “skill gaming” machines in convenience stores will likely remain on during the latest shutdown.“A changing Black Hawk market profile (more high-end rooms, more competitive table games, etc.Naturally, the gaming industry isn’t happy about it.www.club player casino.comIts other venue is the Atlantis in its home market of Reno, Nev.One analyst likes the upside offered by the name as vaccines come to market.That is expected to become a vital driver of revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) as renovations are finalized.lucky creek online casino bonus codes

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online casino real money free spins usaNaturally, the gaming industry isn’t happy about it.“We believe MCRI’s management team is one of the best in the business and well-aligned with shareholders,” notes Wieczynski.That’s in line with Monarch’s historical range of 9x to 13x, and above the typical 7x to 11x for comparable gaming companies.Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo.The operator is nearing completion on the 0 million worth of enhancements to its Black Hawk property.) could see MCRI take more share from the Denver feeder market, particularly with some gamblers wary of flying to Las Vegas,” said Wieczynski.soaring eagle casino resort restaurants