tachi palace casino spaWaiting 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.Monarch reported fiscal first-quarter results earlier this week.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.twin river casino lincoln riThese include Ohio’s MGM Northfield Park and MGM’s Yonkers Raceway — where a long-time trainer and office worker died after contracting coronavirus.“All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attentimorongo casino weddingson, 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.However, 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.black lotus casino payout

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resorts casino atlantic city phone numberBoyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.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.ohegan Sun and Foxwoods Resorts Casino remain open.free online slots aristocrat“All told, while the irrational selloff to the sub-5x 21E earnings before interest, taxes, depreciation and amortization (EBITDA) level has caught our attentimorongo casino weddingson, 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.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.“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 exmorongo casino weddingsecute thoughtful and accretive M&A transactions at a future date,” said the analyst.resorts world casino katrina bookman

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big dollar casino codes 2020property is under expansion, something viewed as an important earnings and revenue driver for the company.” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.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.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.Atlantis operator Monarch Casino rallied Friday after an analyst said selling in the name may be overdmorongo casino weddingsone.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.hollywood casino dayton hours