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As more states regulate online casinos, the competition between the brands heats up. This fire gives you more opportunities to take advantage of no-deposit bonuses.
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These bonuses are usually small amounts of cash you get for registering an account, typically $10-$30 at state-licensed casinos. Outside of the regulated states, there are offers at sweepstakes casinos.
This page explains how to avoid common pitfalls with no deposit casino bonuses. You’ll find an overview of how they work, terms and conditions to look out for and how to parlay your free play into a bigger casino bankroll.
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The basics: How no deposit casino bonuses work
Here’s an example to explain how these bonuses work from Golden Nugget Casino in NewJersey. You’ll find that many other offers are similar including those in Pennsylvania and West Virginia.
This deal is for $10 free for simply registering, and is open to anyone 21 years or older who is inside the state line.
Here is how to claim this bonus:
- Register your account: Use the no deposit bonus code PLAYBONUS to claim this offer. The casino adds the $10 to your bonus account.
- Complete the wagering requirements (20x for slots and 100x for other games). You have 15 days to do so.
Once you complete the playthrough, the bonus cash is considered cleared and is available for withdrawal or real-money play. If you hit an early win, then the playthrough should not be a problem. Note, many casinos have smaller playthrough requirements.
No deposit online casino offers are only available to one per person and per household, which is to prevent an enterprising player from signing up accounts for their entire family.
You can use any of the bonus codes outline below to claim a no deposit offer. Michigan online casinos will be coming online soon, at which point we will add all applicable Michigan casino bonus codes to this list.
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Equities analysts predict that Monarch Casino & Resort, Inc. (NASDAQ:MCRI) will report sales of $60.60 million for the current quarter, according to Zacks. Three analysts have provided estimates for Monarch Casino & Resort’s earnings. The highest sales estimate is $64.40 million and the lowest is $58.60 million. Monarch Casino & Resort reported sales of $62.08 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.4%. The firm is scheduled to issue its next earnings results on Wednesday, March 10th.
According to Zacks, analysts expect that Monarch Casino & Resort will report full year sales of $186.63 million for the current year, with estimates ranging from $184.70 million to $190.40 million. For the next financial year, analysts expect that the business will report sales of $298.50 million, with estimates ranging from $289.60 million to $310.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Monarch Casino & Resort.
Monarch Casino & Resort (NASDAQ:MCRI) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.43. Monarch Casino & Resort had a return on equity of 5.54% and a net margin of 7.77%. The firm had revenue of $59.87 million for the quarter, compared to the consensus estimate of $46.55 million.
MCRI has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on Monarch Casino & Resort in a research note on Wednesday, December 9th. They issued a “buy” rating on the stock. Macquarie increased their price target on Monarch Casino & Resort from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Wednesday, December 2nd. Zacks Investment Research raised Monarch Casino & Resort from a “hold” rating to a “strong-buy” rating and set a $70.00 price target on the stock in a research note on Tuesday, January 5th. Finally, Truist increased their price target on Monarch Casino & Resort from $60.00 to $65.00 in a research note on Monday, November 30th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $53.83.Pch Casino World
Several institutional investors and hedge funds have recently added to or reduced their stakes in MCRI. First Trust Advisors LP increased its position in shares of Monarch Casino & Resort by 1.3% in the 1st quarter. First Trust Advisors LP now owns 21,559 shares of the company’s stock valued at $947,000 after buying an additional 269 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Monarch Casino & Resort by 10.6% in the 2nd quarter. California Public Employees Retirement System now owns 27,919 shares of the company’s stock valued at $951,000 after buying an additional 2,678 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Monarch Casino & Resort by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 136,927 shares of the company’s stock valued at $4,667,000 after buying an additional 3,103 shares in the last quarter. American International Group Inc. increased its position in shares of Monarch Casino & Resort by 12.8% in the 2nd quarter. American International Group Inc. now owns 8,863 shares of the company’s stock valued at $302,000 after buying an additional 1,008 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Monarch Casino & Resort by 192.2% in the 2nd quarter. Bank of Montreal Can now owns 2,858 shares of the company’s stock valued at $90,000 after buying an additional 1,880 shares in the last quarter. Institutional investors and hedge funds own 62.36% of the company’s stock.
Shares of MCRI stock traded up $0.63 during trading hours on Tuesday, reaching $61.50. The company had a trading volume of 43,800 shares, compared to its average volume of 67,579. The company has a 50 day moving average of $58.38 and a 200 day moving average of $47.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.84 and a quick ratio of 0.72. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 79.87 and a beta of 1.66. Monarch Casino & Resort has a 1-year low of $12.83 and a 1-year high of $63.95.
Monarch Casino & Resort Company Profile
Monarch Casino & Resort, Inc, through its subsidiaries, owns and operates the Atlantis Casino Resort Spa, a hotel/casino facility in Reno, Nevada. It also owns and operates the Monarch Casino Black Hawk in Black Hawk, Colorado. As of March 11, 2020, the company's Atlantis Casino Resort Spa featured approximately 61,000 square feet of casino space; 818 guest rooms; 8 food outlets; 2 gourmet coffee and pastry bars; 1 snack bar; a 30,000 square-foot health spa and salon with an enclosed pool; 2 retail outlets offering clothing and gift shop merchandise; an 8,000 square-foot family entertainment center; and approximately 52,000 square feet of banquet, convention, and meeting room space.
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