palace station hotel and casino oyster bars one of the smallest publicly traded gaming companies by market value – just 6 million – but it has massive upside potential in the eyes of some analysts.”The company is trying to get a temporary certificate of occupancy from the town of Black Hawk.Its Atlantis in Reno has been shuttered for more than a month, and the same is true of is bovada casino fairthe company’s Centennial State property.mountaineer casino updateThe initial 9 billion in PPP funding has already been exhausted.Selling real estate to boost cash holdings is common in the gaming industry.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.golden nugget casino uk

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borgata casino in nj“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.“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.(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.mgm casino jobs detroitBut analysts are divided on whether the moves are practical.The 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.That diminutive footprint isn’t keeping some on Wall Street from being enthusiastic about the stock.bicycle casino instagram

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casino elixirDealing With a Rough ClimateLike its larger rivals, Monarch is contending with temporary property shutdowns forced by the coronavirus.The goal is to make the first five floors of the hotel and some floors in a new tower available for guest use when Colorado signs off on reopening gaming venues.The 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.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.Companies making more than 50 percent of their revenue, as well as any business that made million in 2019 from gaming, remained disqualified.“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.casino online xe88