brian christopher slots nowMoody’s says gaming REITs look sturdy. The real estate company owns the property of all MGM Las Vegas assets except the Bellagio.Of the three, GLPI is least exposed to Sin City. Throughout the second quarter, the worst stretch for casino closures, real estate companies collected nearly all owed lease obligations with minimal problems.“Additionally, the gaming REITs’ business model includes revenue safeguards. free casino slots texas teaThe 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.MGM Growth Properties was separated from its parent in 2016, followed by VICI the next year.Collecting Rent, Access to CashAs has been the case throughout theblackjack casino goa broader gaming industry this year, landlords are accessing capital, bolstering balance sheets in the process. “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. twin river casino vip lounge

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desert diamond casino west valley 200 predictionsAs a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. 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. seneca niagara casino reviewsGaming properties apparently are favoring informal sports-focused restaurants servinThat’s an impressive feat, considering operator tenants faced multi-month shutdowns because of the pandemic. Moreover, the real estate companies aren’t having issues collecting rent. big fish casino fb

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thunder valley casino thunder strikeThe real estate company owns the property of all MGM Las Vegas assets except the Bellagio.Of the three, GLPI is least exposed to Sin City. 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. “We expect their solid financial positions to help them withstand pandemic-related business disruptions, though the gaming industry today remains in uncharted territory.”COVID-19 is the first big test of gaming REITs’ ability to weather a downturn, because the group didn’t exist didn’t exist during the global financial crisis. 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. 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. 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.free casino slots for fun