Casino

Las Vegas to Require Masks Indoors Including on Casino Floors

Starting Friday, Nevada will require masks to be worn indoors, including on Las Vegas casino floors, adopting the latest guidance from the CDC.

The state’s Gov. Steve Sisolak signed an emergency directive implementing a mask mandate “consistent with the guidance issued by the CDC, and any subsequent guidance issued by the CDC.”

The mandate comes just days after the Centers for Disease Control and Prevention recommended people wear masks indoors “in areas with substantial and high transmission,” regardless of their vaccination status. In Nevada, 12 of 17 counties are currently classified as having either “substantial” or “high” risk of transmission, including Clark County where Las Vegas is located.

In recent weeks, the country has seen a rise in coronavirus cases, most of which are attributed to the highly contagious delta variant. Nationwide, 49.94% of counties are considered as having a “high” risk of transmission, and another 16.68% are at “substantial”

Read More

Monarch Casino & Resort Stock Appears To Be Significantly Overvalued

– By GF Value

The stock of Monarch Casino & Resort (NAS:MCRI, 30-year Financials) appears to be significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus’ estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future return will likely be higher. At its current price of $70.7 per share and the market cap of $1.3 billion, Monarch Casino & Resort stock is believed to be significantly overvalued. GF Value for Monarch Casino & Resort is shown in the

Read More