hollywood casino 400 resultstournaments were suspended effective Monday until Thursday.Prior to the COVID-19 crisis, it offered more than 800 slots and 24 table games. After it reopened on May 21, two months after COVID-19 forced its closure, casino revenues increased by more than 12 percent, even though turnout was about 16 percent below normal.First Cristobal, Now ThisThis week’s storms are not the first to impact the Silver Slipper since it reopened in May.In June, emergency crews needed to rescue about 100 casino workers as Tropical Storm Cristobal hammered the region. Wynn Resorts (NASDAQ:WYNNphone number mohegan sun casino) said the compensation committee of its board of directors signed off on issuing 176,247 shares of stock to retain 240 employees, including named executives through the end of this year and well into 2021. mgm casino dreb codeHollywood Casino in Baton Rouge w18, 2020,” according to the filing.That means recipients of the shares must still be employed by the gaming company on Aug. Full House acquired the property eight years ago for million.raging bull casino free spins

i p casino buffet

mohegan sun casino and resortIt took nearly five hours to shuttle all the workers safely.The Silver Slipper opened 14 years ago as the first land-based casino on Mississippi’s Gulf Coast, and was the first to open in the region after Hurricane Katrina decimated the area. But the program is applicable to Las Vegas employees, as well as some higher-ups at Encore Boston Harbor.The compensation committee also introduced new performance incentives for the second-half of 2020 for the aforementioned named executives that are more in line with the current operating climate.Without getting into specifics, the filing indicates the new incentives center around cash generation, preservation of the operator’s North Americphone number mohegan sun casinoa business, and reaching certain market share benchmarks in Macau, Wynn’s most important market.On the company’s second-quarter earnings conference call earlier this month, Maddox made clear to analysts and investors that the company is highly focused on cash flow generation.Currently, under the state’s restrictions because of the coronavirus, it has 527 slots available and all 24 table games, according to the latest report from the Mississippi Gaming Commission.The Silver Slipper is the largest casino owned by Full House Resorts, as it accounted for about 44 percent of the company’s net revenue last year. harrah s casino spaWynn stock is up 131 percent from its March lows.Other directors and high-ranking executives altered their salaries in exchange for stock, with some trimming salaries by 33 percent up to 100 percent.Dealing With UncertaintyThe stock grants were made to “motivate and retain” critical employees for the rest of this year and “a substantial portion of 2021,” a period Wynn expects will be marked by high levels of operating uncertainty stemming from the coronavirus pandemic.Beyond Billings, Maddox, and Whittemore, employees on the receiving end of the equity awards weren’t identified in the SEC filing. General Counsel and Executive Vice President Ellen Whittemore was awarded 6,585 restricted shares.Maddox SacrificesAs is the case with a secondary offering, stock issued as part of employee compensation programs can dilute current investors because of the new supply of shares coming to the market.Wynn, however, is avoiding that dilution, thanks to Maddox. Wynn CEO Matt Maddox, seen here in April following a meeting with President Trump, and other executives are getting equity to stay on with the company through turbulent times. borgata casino free 20 on signup

online casino real money bitcoin

red stag casino sign inWynn stock is up 131 percent from its March lows.Other directors and high-ranking executives altered their salaries in exchange for stock, with some trimming salaries by 33 percent up to 100 percent.Dealing With UncertaintyThe stock grants were made to “motivate and retain” critical employees for the rest of this year and “a substantial portion of 2021,” a period Wynn expects will be marked by high levels of operating uncertainty stemming from the coronavirus pandemic.Beyond Billings, Maddox, and Whittemore, employees on the receiving end of the equity awards weren’t identified in the SEC filing. Hollywood Casino in Baton Rouge wThat tethered the executive’s fortunes, literally, to recovery in the share price. Full House acquired the property eight years ago for million.The wind, rain, and flooding prevented the employees from leaving the casino and getting to the parking lot. CEO Matt Maddox is receiving 24,501 restricted shares, while CFO Craig Billings is getting 13,746 shares. morongo casino logo