hard rock casino card“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 flexibilityMonarch reported fiscal first-quarter results earlier this week.On the acquisition front, Boyer notes some footnotes in riverwind casino tulsa okMonarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase.morongo casino deals” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.An unspecified number of MGM workers’ furloughs and layoffs will commence next week.Waiting 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.playstation 2 hard rock casino

sunset station casino credit

admiral casino wrexhamAmong 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.The Illinois Gaming Board ordered each of the state’s 10 casinos to close for two weeks, according to news reports.Colorado And M&A OpportunitiesMonarch’s Black Hawk, Colo.kiowa casino table gamesOn the acquisition front, Boyer notes some footnotes in riverwind casino tulsa okMonarch’s earnings release indicate the operator was close to buying a rival in recent months, but ultimately elected to pass on that purchase.“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.property is under expansion, something viewed as an important earnings and revenue driver for the company.foxwoods resort casino sugar factory

slot empire casino

casino 24 hoursThose are important traits at a time when many market observers are feaririverwind casino tulsa okng companies could face liquidity crunches if a recession arrives.Monarch Casino & Resort (NASDAQ:MCRI) joined other gaming equities in rebounding Friday, soaring 12.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.“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.” That’s an old Wall Street saying referring to quality stocks that get hit during broader market slides.property is under expansion, something viewed as an important earnings and revenue driver for the company.casino to drake nsw