Casino operator remains highly selective on mergers and acquisitions Analyst says another special dividend could be in the cards if Monarch doesn’t strike a deal over the next two years In its typically quiet fashion, Monarch Casino & Resort (NASDAQ: MCRI) stock is on an impressive run this year, surging 30.43% while outpacing the S&P 500 by a margin of more than 2-to-1. Atlantis Casino Resort in Reno. Operator Monarch Casino & Resort remains prudent about acquisitions. (Image: YouTube) All that while remaining a two-casino outfit. Monarch’s roster of gaming venues remains comprised of the Atlantis in Reno and its namesake property in Black Hawk, Colo. By number of properties, the company is the smallest publicly traded casino operator in the US — a trait not lost on shareholders and one that has consistently sparked questions about potential deal-making. In a new report to clients, Truist Securities analyst Barry Jonas notes Monarch management remains highly selective about possible deals, but…Â Read More
Category: Financial, Mergers and Acquisitions, Rumors, mergers and acquisitions, rumorsÂ
Source: Casino.org
