2024.07.19
the bicycle casino tournaments(Image: KTNV.com)The three publicly traded casino landlords are Gaming & Leisure Proprties (NASDAQ:GLPI), MGM Growth Properties (NYSE:MGP), and VICI Properties (NYSE:VICI). Harrah’s Kansas City North, seen here, is seeking rent abatement. Regional properties, including those operated by Caesars, are performing better than those in destination markets such as Las Vegas and New Orleans following nationwide openings. live casino dealer jobsBut many of these venues are operating at limited capacity and traffic levels remain below pre-coronavirus levels.In North Kansas City, the city council appears to be in a bind, because it needs the 0,000 owed by Harrah’s, prompting several members to float the idea of extending rent payments rather than erasing the obligation outright.Domestic casinos shut down in mid-March. Dori Koren said, according to KSNV-TV. Sola cited the financial strain caused by the coronavirus pandemic.We were closed for 75 days. free slots keno cleopatra desert diamond casino job fairresorts casino entertainmentLike rival properties throughout the country, it generatmgm grand casino wikied no revenue in April and May. for a break on rent for the Harrah’s Hotel & Casino there. Moody’s says gaming REITs look sturdy. wild horse pab casino gambling“We expect their solid financial positions to help them withstand pandemic-related business disruptions, though the gaming industry today remains in uncharted territory.”COVID-The land on which Harrah’s North Kansas City operates is owned by gaming real estate investment trust (REIT) VICI Properties, but the municipality owns the building on which the hotel/casino resides.By market share, the casino is the second-largest in the Show-Me State.Vicious CircleThe debate between Caesars and the North Kansas City city council underscores a scenario gaming companies and the areas in which they operate became all too familiar with during the COVID-19 pandemic.Casinos need to be open to make money, and municipalities need the gaming venues to be conducting business to generate much-needed tax revenue. He added that if the council obliges the gaming operator’s request for rent forgiveness, it would be difficult to explain such a move to other business owners.Data confirms COVID-19 is weighing on Show-Me State gaming properties. online gambling help cliff castle casino mask policysam s town casino kansas city(Image: KTNV.com)The three publicly traded casino landlords are Gaming & Leisure Proprties (NASDAQ:GLPI), MGM Growth Properties (NYSE:MGP), and VICI Properties (NYSE:VICI). for a break on rent for the Harrah’s Hotel & Casino there. But local lawmakers aren’t keen on the idea. And clearly that was very, very hard for us,” she said before the council, reports The Kansas City Star. (Image: Kansas City Star)Julie Sola, general manager of the gaming venue, approached the city council last week, seeking up to 0,000 in rent abatement. He added that if the council obliges the gaming operator’s request for rent forgiveness, it would be difficult to explain such a move to other business owners.Data confirms COVID-19 is weighing on Show-Me State gaming properties. firekeepers casino and hotel chinook winds casino new years eve |