2024.07.17
mgm casino age limitAs of August, fiscal 2021 year-to-date admissions to all casinos in the state are lower, including a nine percent decline for Harrah’s.As of the end of August, adjust gross slot revenue at the Caesars venue is higher by 2.3 percent, making it the only casino in the Kansas City market that can make that claim. Like rival properties throughout the country, it generated no revenue in April and May. Moody’s says gaming REITs look sturdy. chinook winds casino winners circleAs a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. Moody’s says gaming REITs look sturdy. 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. hallmark casino 300 free chip 2021 is the mohegan sun casino openliberty slots monthly bonusMoody’s says gaming REITs look sturdy. As of August, fiscal 2021 year-to-date admissions to all casinos in the state are lower, including a nine percent decline for Harrah’s.As of the end of August, adjust gross slot revenue at the Caesars venue is higher by 2.3 percent, making it the only casino in the Kansas City market that can make that claim. Moreover, the real estate companies aren’t having issues collecting rent. jamul casino valet parking“Occupancy is 100%, and despite pandemic-related closures of gaming properties, rent collection remains nearly spotless.”Concentration ConcernsAs the research firm points out, two risks that could pressure the gaming REITs going forward are tenant concentration and the slow pace of post-pandemic recovery in Las Vegas.While VICI owns Caesars Palace on the Strip and counts Caesars Entertainment as its biggest client, that real estate firm has other tenants, and isn’t as dependent on Sin City for rental income as MGP. Like rival properties throughout the country, it generated no revenue in April and May. Moody’s says gaming REITs look sturdy. raging bull slots bonus codes slot machine casino sizeonline gambling during covidThe Missouri Gaming Commission (MGC) allowed casinos to reopen in early June.Slippery SlopeCouncilman Richard Stewart detailed the bind the city is in with the request from Harrah’s, stating that other businesses affected by the pandemic, such as restaurants, aren’t asking for tax breaks. Domestic gaming real estate investment trusts (REITs) have the liquidity and balance sheets to weather storms foisted upon tenants by the coronavirus pandemic, according to analysis of the group by Moody’s Investors Service. The REIT owns four gaming properties in Southern Nevada, a number that could be trimmed to three if it proceeds with selling the Tropicana on the Strip.Moreover, the real estate companies aren’t having issues collecting rent. As a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. 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. turtle creek casino campground downstream casino mo |