hard rock casino kansas cityThat shutdown applies to casinos, hotels, and in-restaurant dining.Non-Union WorkersWhen casinos do get back up and running, some workers might be out a job. “The Venetian/Palazzo is and always has been a great place to work! Thank you Mr. (Imaisland view casino jackpotsge: Patrick Semansky/AP)Nearly 3.3 million Americans applied for unemployment benefits last week, the US Department of Labor said Thursday. twin river casino kansas cityThe company used proceeds from Las Vegas Strip real estate sales to cut debt by .9 billion, saying it has .5 billion in liabilities as of March 26. The Las Vegas union that represents 60,000 workers employed by Nevada casinos said its members will have jobs once the statewide shutdown ends and resorts resume operations. It added that it has no corporate-bond debt maturing before 2022 and that its interest expenses for the rest of 2020 will be 0 million.The operator is, however, contending with fixed costs via rent obligations, something Fitch Ratings highlighted in downgrading MGM’s credit ratingisland view casino jackpots “BB-” from “BB” this week.“Additionally, the Company has certain fixed rent payments for the remainder of 2020 of approximately 4 million and 9 million under its leases related to Bellagio and MGM Grand/Mandalay Bay, respectively,” according to the company.When accounting for its ownership in MGM Growth Properties (NYSE:MGP) and the dividends it collects via that stake, MGM expects to pay the real estate company 3 million in rent for the rest of this year on other Las Vegas properties and regional venues as well.Levers to PullIf closures last longer than expected and MGM needs to raise additional capital, there are moves the company can make.The operator owns MGM Springfield and half of CityCenter in Las Vegas, along with the aforementioned stake in MGM China and a 60.64 percent interest in MGP.An obvious issue with asset or equity sales in the current operating environment is what price the company could fetch for the scuffling MGM Springfield, while any near-term reduction in its MGP stake would come as the real estate company’s stock is languishing. phone number for thunder valley casino

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