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slot casino 99The goal, CANJ president Steve Callender says, is to have Atlantic City casinos ready to open as soon as possible following Murphy’s lifting of stay-at-home orders.The COVID-19 pandemic has not only threatened our health and safety, it has also threatened the stability of Atlantic City’s gaming and tourism industry, the industry’s workforce and families, and our state and local economies,” said Lori Herndon, CEO of AtlantiCare.She added, “The Atlantic City gaming industry is a cornerstone of the entire South Jersey economy and reopening it safely at the right time, along with the rest of our shore and regional businesses, must be our shared priority.”Atlantic City casinos have been shuttered since Murphy ordered them to close in mid-March.AtlantiCare is based in Atlantic County and serves southeastern New Jersey. Gaming executives across the country are working on safety measures.A few leading suggestions include all gamblers and employees being required to wear face masks, plexiglass separating players at table games, required vacant seats between each slot machine, and body temperature checks prior to access.Because of being closed for half of the month, March gross gaming revenue at the nine brick-and-mortar casinos totaled just .46 million – a 61.7 percent drop compared to March 2019. Domestic gaming property shutdowns didn’t commence until about two weeks left in the first quarter.On a conference call with analysts, interim CEO Bill Hornbuckle said that when Nevada gives the go-ahead to operators to reopen gaming properties, MGM will start with the Bellagio and New York-New York.As for its portfolio of regional assets, which includes venues in Massachusetts, Mississippi, New Jersey and New York, among other locations, MGM is waiting on various governors to release reopening plans and is beholden to those time lines.Cash ConsiderationsFor much of this year, the story with MGM and other operators is how much cash they have on hand and how long they can survive, assuming the current climate of essentially no revenue in the US persists. soaring eagle casino concert parking(Image: Pinterest)For the first three months of 2020, MGM notched a loss of 45 cents per share, compared with a gain of 14 cents a year earlier. Revenue dipped 29 percent to .3 billion, which the company mainly attributed to a 63 percent drop in its MGM China unit. Domestic gaming property shutdowns didn’t commence until about two weeks left in the first quarter.On a conference call with analysts, interim CEO Bill Hornbuckle said that when Nevada gives the go-ahead to operators to reopen gaming properties, MGM will start with the Bellagio and New York-New York.As for its portfolio of regional assets, which includes venues in Massachusetts, Mississippi, New Jersey and New York, among other locations, MGM is waiting on various governors to release reopening plans and is beholden to those time lines.Cash ConsiderationsFor much of this year, the story with MGM and other operators is how much cash they have on hand and how long they can survive, assuming the current climate of essentially no revenue in the US persists. hard rock casino lake tahoe

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