{"id":157196,"date":"2020-12-02T10:24:12","date_gmt":"2020-12-02T18:24:12","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=157196"},"modified":"2020-12-02T11:25:08","modified_gmt":"2020-12-02T19:25:08","slug":"monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy\/","title":{"rendered":"Monarch Casino Bets on Black Hawk After Colorado Scraps Table Bet Limits"},"content":{"rendered":"

Monarch Casino & Resort (NASDAQ:MCRI) believes a recent vote in Colorado to eliminate table game wager limits is beneficial to the operator’s long-term prospects in the state.<\/p>\n

\"Monarch
A bar at the Monarch Casino in Black Hawk, Colo. The operator expects to benefit from the new gaming policy in Colorado. (Image: Twitter)<\/figcaption><\/figure>\n

On Election Day, Centennial State voters approved Amendment 77, which set the stage for the gaming towns of Black Hawk, Central City, and Cripple Creek to ditch the prior $100 per hand cap on table game bets. On Tuesday, the Black Hawk City Council approved an ordinance permitting no restrictions on bets placed on blackjack, craps, roulette, and related fare.<\/p>\n

The Reno-based gaming company operates just two casinos — one in its home market, and an eponymous venue in Black Hawk, Colo.<\/p>\n

Good Timing<\/h2>\n

Passage of Amendment 77<\/a> is fortuitous for Monarch because it coincides with the operator’s phased rollout of its enhanced casino-resort in the Centennial State.<\/p>\n

\n

Prior to Election Day, analysts widely pointed to Monarch<\/a> as a likely beneficiary of the removal of the table game bet cap, noting that the new policy could lead to gamblers devoting more cash to higher-margin slot machines while boosting their spending on beverages, dining, and entertainment.<\/p>\n<\/div>\n

Another benefit for gaming companies in the new Colorado law is that it provides for the addition of table games not yet available in the state. Centennial State casinos permit blackjack, craps, poker, and roulette. New casino games including baccarat, keno, and pai-gow tiles, along with many popular table game side bets, will be available in Black Hawk starting May 1, 2021.<\/p>\n

Some analysts are hypothesizing that with Colorado adding games such as baccarat and pai-gow tiles, the state’s gaming properties will attract more Asian gamblers and a higher-end clientele. They are more likely to stay overnight rather than just pass through the casino towns.<\/strong><\/p>\n

Bolstering Case for Regional Stocks<\/h2>\n

Combined with one of the fastest-growing sports betting markets in the country, Colorado’s plan to scrap table limits and add new games boosts Wall Street’s case that regional gaming equities<\/a> are preferable over the near-term to those with heavy destination market exposure.<\/p>\n

Monarch is operational in Colorado sports betting, and its sportsbook is independent. But the state revenue department doesn’t provide data on where operators rank, so it’s not clear how much sports wagering is contributing to the company’s top line.<\/p>\n

Other Black Hawk operators include Bally’s, Caesars Entertainment, and Penn National Gaming<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Monarch Casino & Resort (NASDAQ:MCRI) believes a recent vote in Colorado to eliminate table game wager limits is beneficial to the operator’s long-term prospects in the state. On Election Day, Centennial State voters approved Amendment 77, which set the stage for the gaming towns of Black Hawk, Central City, and Cripple Creek to ditch the […]<\/p>\n","protected":false},"author":46,"featured_media":157197,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\nMonarch Casino Forecasts Benefits from New Colorado Gaming Policy<\/title>\n<meta name=\"description\" content=\"Colorado table bet limits are going away and new games are on the way, factors that could benefit Monarch Casino.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monarch Casino Forecasts Benefits from New Colorado Gaming Policy\" \/>\n<meta property=\"og:description\" content=\"Colorado table bet limits are going away and new games are on the way, factors that could benefit Monarch Casino.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T18:24:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-02T19:25:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/monarch2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy\/\",\"url\":\"https:\/\/www.casino.org\/news\/monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy\/\",\"name\":\"Monarch Casino Forecasts Benefits from New Colorado Gaming Policy\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/monarch2.jpg\",\"datePublished\":\"2020-12-02T18:24:12+00:00\",\"dateModified\":\"2020-12-02T19:25:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Colorado table bet limits are going away and new games are on the way, factors that could benefit Monarch Casino.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/monarch-casino-forecasts-benefits-from-new-colorado-gaming-policy\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/monarch2.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2020\/12\/monarch2.jpg\",\"width\":1200,\"height\":800,\"caption\":\"A bar at the Monarch Casino in Black Hawk, Colo. The operator expects to benefit from new gaming policy in Colorado. 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