vaccination levels<\/a>, particularly among some key demographics, are also buoying the Monarch stock thesis.<\/p>\n\u201cWhile still early, management also highlighted some encouraging green shoots for the core 55+ demographic,\u201d said the Stifel analyst. \u201cWe continue to see potentially meaningful pent-up demand with this customer segment, as the vaccine rollout progresses, with MCRI likely capturing significant share of the upside, given continued reinvestment in their market-leading assets.\u201d<\/p>\n
He adds that with peer-low net leverage, Monarch could be opportunistic regarding mergers and acquisitions as 2021 unfolds. The company hasn’t added another property since buying the Colorado venue in 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"
Internet casinos and online sports betting are the hot investing topics in the gaming space. But there are some gems among land-based gaming operators, includ\u00ading Monarch Casino & Resort (NASDAQ:MCRI). In a note to clients, Stifel analyst Steven Wieczynski says Monarch stock is a play on increasing rollouts of coronavirus vaccines and ebbing restrictions in […]<\/p>\n","protected":false},"author":46,"featured_media":169149,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Monarch Stock Could Surge on Colorado Ramp Up, Vaccine Roll Out<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n