sam s town casino bowling alleyHarrah’s Kansas City North, seen here, is seeking rent abatement. “We’re noticing an increase in robberies, stabbings, shootings that are happening from individuals from out of state.”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. mgm grand las vegas slotsVICI-owned Harrah’s Las Vegas. 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. But 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. track 5 hard rock casino tulsa

online casino video poker games

doubledown casino ipoMoody’s says gaming REITs look sturdy. Caesars Entertainment is asking the city council of North Kansas City, Mo. The 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. poker jack casinoDori Koren said, according to KSNV-TV. 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. As a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. mountaineer casino west virginia hotel

seminole casino application

download miami club casino(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. Yet we still had a signmgm grand casino wikiificant amount of expense.”The financial break the gaming company seeks is related to a land lease. Yet we still had a signmgm grand casino wikiificant amount of expense.”The financial break the gaming company seeks is related to a land lease. Dori Koren said, according to KSNV-TV. Like rival properties throughout the country, it generatmgm grand casino wikied no revenue in April and May. Caesars Entertainment is asking the city council of North Kansas City, Mo. gold coast casino reviews