mgm grand casino mibibippiAmong 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.On a recent conference call, management did not indicate the COVID-19 outbreak is delaying enhancements at that venue.Regional casino operator Boyd Gaming is closing its Valley Forge Casino Resort in King of Prussia, Pennsylvania as a result of a directive from state Gov.roulette table casino online58% after an analyst said the stock’s recent slide is the epitome of “throwing the baby out with the bathwater.Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.royal ace casino welcome bonus

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kansas star casino jackpot winnersproperty is under expansion, something viewed as an important earnings and revenue driver for the company.“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.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.doubledown casino google playValley Forge Casino Resort is the first coronavirus gaming victim in Pennsylvania.Coronavirus Leads to Closings NationwideElsewhere, other gaming properties are closing or are cutting back on operations.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.mgm casino near me

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free slot machines from vegas” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.On a recent conference call, management did not indicate the COVID-19 outbreak is delaying enhancements at that venue.While the company said there wasn’t a material impact from the coronavirus on those numbers, management noted that, more recently, some older visitors are opting to stay away from the Atlantis and the Black Hawk casino in Colorado because of fears of contracting the respiratory illness.These include Ohio’s MGM Northfield Park and MGM’s Yonkers Raceway — where a long-time trainer and office worker died after contracting coronavirus.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.Some 150 food and beverage venues will close on a rolling basis.slot casino 888