gold coast casino floor mapThose are important traits at a time when many market observers are fearing companies could face liquidity crunches if a recession arrives.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.org.paragon casino promotionsAmong 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.Atlantis operator Monarch Casino rallied Friday after an analyst said selling in the name may be overdmorongo casino weddingsone.Elsewhere, MGM has also revealed it is closing nightclubs and day clubs.keno at wildhorse casino

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download casino roulette wheelWhile 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.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.Some analysts are noting the pandemonium in casino equities is depressing valuations to the point that some names, including Monarch, may be too tempting to ignore when the chaos ebbs.clearwater casino on bainbridge islandOn a recent conference call, management did not indicate the COVID-19 outbreak is delaying enhancements at that venue.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.“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.captain jack bonus codes

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twin river casino twitterTom Wolf (D).Atlantis operator Monarch Casino rallied Friday after an analyst said selling in the name may be overdmorongo casino weddingsone.Boyer has a “hold” rating and price target on Monarch, implying upside of almost 46 percent from Friday’s close.“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.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.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.hard rock casino in tulsa