Hollywood Casino York Pa Hours ee operators’ plans for post-coronavirus recovery and gauge the veracity of that rebound when the virus is ultimately vanquished. 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. Macau Could Renew PermitsIf Macau policymakers opt to renew gaming permits under the above scenario, it’s probable the outcome would be a 10-year licensing period, not 20 years. drake casino live chat sycuan casino resort reviews Another option, particularly if it appears likely the process will extend beyond 2022, is simply for the SAR to re-up the permits under current terms for two or three years. big dollar casino bonus codes no deposit Macau law allows for a five-year extension of that nature after an original license expires. Letting the process drag out potentially works in favor of the SAR government because it buys time for post-pandemic recovery to materialize. “Renewing licenses after a full GGR [gross gaming revenue] recovery would offer policymakers more bargaining power (specifically over non-gaming capital expenditure),” according to Macquarie. Las Vegas Sands and Galaxy Entertainment are the two largest Macau operators by market share. intertops casino codes Regional gaming company Monarch Casino & Resort (NASDAQ:MCRI) is a solid performer this year, jumping 11. resorts casino upstate ny

10 percent amid a challenging operating environment. One analyst likes the upside offered by the name as vaccines come to market. wild horse pab casino app Black Lotus Casino 100 No Deposit Bonus Sglp Monarch’s Atlantis in Reno, Nevblack bear casino hotelada. raging bull no deposit An analyst is bullish on the stock, citing multiple tailwinds. (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. roulette 888 casino Phantasy Star Online 2 Casino Coins Thpv Switzerland 66 percent from the Dec. 10 close. He acknowledges that there’s some near-term risk with the stock, but adds investors should focus on the post-vaccine climate, where the operator is well-positioned. brian christopher slots group santa ana star casino events With peer-low leverage, we believe MCRI is well-positioned for opportunistic mergers and acquisitions,” said Wieczynski. mgm grand casino rooms

Key Insights and Expert Analysis

“While MCRI boasts a premium valuation, we see opportunity for further upside, as MCRI executes on one of the more compelling growth stories across our gaming coverage. ”Although casinos in Colorado and Nevada, where Monarch operates its two venues, are currently subject to capacity restrictions owing to a recent surge in coronavirus cases, the stock is higher by 6. turtle creek casino and resort traverse city 73 percent over the past month. brian christopher slots walking dead Colorado KickerOne of Monarch’s two properties is its namesake venue in Black Hawk, Colo. That is expected to become a vital driver of revenue and earnings before interest, taxes, depreciation and amortization (EBITDA) as renovations are finalized. The company’s Centennial State footprint is important for other reasons, including a growing sports betting market and the recent elimination of table game bet limits. resorts casino dining On Election Day, voters there approved scrapping the 0 per hand cap at casinos inblack bear casino hotel the state’s three gaming cities. cool cat casino lobby It’s a move that also provides for the addition of new table games, such as baccarat and pai-gow tiles. As a result, analysts believe Colorado gaming venues will be able to attract a more affluent clientele, and perhaps keep more Denver-area gamblers in the state amid restrictions in Las Vegas. sycuan casino youtube

“A changing Black Hawk market profile (more high-end rooms, more competitive table games, etc. ) could see MCRI take more share from the Denver feeder market, particularly with some gamblers wary of flying to Las Vegas,” said Wieczynski. Error Code: 521 Lood Switzerland The operator is nearing completion on the 0 million worth of enhancements to its Black Hawk property. Its other venue is the Atlantis in its home market of Reno, Nev. Coushatta Casino Entertainment Inuv Monarch’s Strong FundamentalsAlthough Monarch trades at rich valuations relative to its peers, it commands those premiums due to strong fundamentals. This includes a 100 percent ownership of its real estate, meaning it has limited fixed costs and strong free cash flow prospects. “We believe MCRI’s