island view casino free drinksWaiting 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.”“We believe this preventative approach is a necessary step to help ensure the health and safety of our employees, customers, and all Rhode Islanders.property is under expansion, something viewed as an important earnings and revenue driver for the company.cool cat casino free codesOn the acquisition front, Boyer notes some footnotes in table games at horseshoe casinoMonarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase.“However, the state’s efforts to slow the spread of the COVID-19 virus are of paramount importance.”“We believe this preventative approach is a necessary step to help ensure the health and safety of our employees, customers, and all Rhode Islanders.river spirit casino and hotel

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caesar casino bookOn the acquisition front, Boyer notes some footnotes in table games at horseshoe casinoMonarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase.Pennsylvania’s Valley Forge Casino Resort was temporarily closed by Boyd Gaming, and several other Pennsylvania casinos are also closing.Monarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.peppermill casino wendover nvHowever, the combination of the company’s strong balance sheet and depressed stock prices in the industry could compel it to consider acquisitions down the road.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.property is under expansion, something viewed as an important earnings and revenue driver for the company.free online poker games

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oxford casino rewardsCoronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.“All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attention, we would prefer to see some level of rationality return to the public equity markets prior to growing more constructive on the shares,” said Boyer.The Illinois Gaming Board ordered each of the state’s 10 casinos to close for two weeks, according to news reports.The Wildhorse Resort & Casino in Oregon closed for two days recently for a deep cleaning “out of an abundance of caution” after one of its workers was declared presumptive positive for COVID-19.”We sincerely regret any inconvenience to our customers,” Marc Crisafulli, president of Twin River, was additionally quoted by the Journal.” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.gta online 6 casino mibions