encore casino covid 19But the billionaire sat down with Texas Monthly two weeks ago to divulge specifics on the financial position of his conglomerate.Asked how long his companies can survive, Fertitta answered, “Until the end of the year. The loan matures in 2023.Bloomberg first reported the offering, which is being facilitated by Jefferies Financial Group.Fertitta’s casinos and hotels have temporarily shuttered their operations, as non-essential businesses have been forced to close by governors’ orders in Nevada, Louisiana, Mississippi, and New Jersey.Along with the 0 million loan-raising effort, Fertitta is putting down million of his own cash to help bridge the revenue stoppage caused by the coronavirus. (Image: MarketWatch)With COVID-19 punishing the gaming industry from the East Coast to Las Vegas to Macau, forcing temporary closures and, in some cases, tens of thousands of lost jobs, bearish traders eagerly shorted shares of casino operators, including Caesars Entertainment (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM).Monday’s seven percent gain by the S&P 500 could prompt some short sellers to consider exiting bets on gaming names, stoking further upside because, when a short is covered, the trader must buy shares to close the position. jamul casino lost and foundIf markets continue rallying, forcing bearish traders to cover – a phenomenon known as a short squeeze – Caesars and MGM could be two of the biggest beneficiaries.With the market rallying today, we may see short sellers buying shares in the following stocks and pushing stock prices even higher than if only long buying was taking place in the name,” said S3 Partners Managing Director Ihor Dusaniwsky in a note obtained by Casino.org today. Broadly speaking, shorting stocks is a winning strategy to this point in 2020captain jack casino bonus codes june 2020, and nowhere is that more true than the travel and leisure industry, a group beset by savage declines at the hands of the coronavirus pandemic. That puts the all-in yield above 15 percent.”The spread is the highest ever seen in the US leveraged loan market, excluding companies in bankruptcy, according to data compiled by Bloomberg,” the report adds.Nevada’s two Golden Nuggets (Las Vegas, Laughlin) are closed through at least the end of the month. turtle creek casino hours of operation

borgata casino update

sycuan casino resortBroadly speaking, shorting stocks is a winning strategy to this point in 2020captain jack casino bonus codes june 2020, and nowhere is that more true than the travel and leisure industry, a group beset by savage declines at the hands of the coronavirus pandemic. But the billionaire sat down with Texas Monthly two weeks ago to divulge specifics on the financial position of his conglomerate.Asked how long his companies can survive, Fertitta answered, “Until the end of the year. When you don’t have million, million a day coming in, you run out of money quickly. online poker casino zurichWhen you don’t have million, million a day coming in, you run out of money quickly. Golden Nugget Atlantic City is closed indefinitely, Golden Nugget Biloxi (Mississippi) is closed until further notice, and Golden Nugget Lake Charles (Louisiana) is dark through the end of the month.Matter of SurvivalFertitta and Landry’s didn’t respond to requests for comment regarding the loan. And my biggest expense is my payroll,” Fertitta added.free slots l

online gambling mabachusetts

hard rock casino myrtle beachThe loan offering is to secure his casino and restaurant empire’s immediate health, and allow the businesses to resume operations immediately once appropriate.Bloomberg’s Davide Scigliuzzo and Jeannine Amodeo says ocaptain jack casino bonus codes june 2020f the Landry’s loan offering, “Based on initial discussions with investors, the loan is being offered at a spread of 14 percentage points over the benchmark London Interbank offered rate and at a discount of about 96 cents on the dollar. I don’t think anyone can survive past the end of the year, can they?”“This is a matter of survival. If markets rally, Caesars and MGM short sellers could feel some pain. When you don’t have million, million a day coming in, you run out of money quickly. Golden Nugget Atlantic City is closed indefinitely, Golden Nugget Biloxi (Mississippi) is closed until further notice, and Golden Nugget Lake Charles (Louisiana) is dark through the end of the month.Matter of SurvivalFertitta and Landry’s didn’t respond to requests for comment regarding the loan. Broadly speaking, shorting stocks is a winning strategy to this point in 2020captain jack casino bonus codes june 2020, and nowhere is that more true than the travel and leisure industry, a group beset by savage declines at the hands of the coronavirus pandemic. bellagio casino phone number