turtle creek casino diningThe 85-year-old acquired Circus Circus last year from MGM Resorts for 5 million.The timing on the Circus Circus purchase was poor, though the pandemic was entirely unforeseeable. (Image: Treasure Island)Treasure Island and Circus Circus, both owned by the real estate tycoon, have each filed claims with their respective insurance providers for financial damages related to the COVID-19 pandemic. Phil Ruffin — seen here seated on the left next to former MGM Resorts CEO Jim Murren signing the purchase contract for Circus Circus — is suing two insurance companies. blackjack casino riggedThe 85-year-old acquired Circus Circus last year from MGM Resorts for 5 million.The timing on the Circus Circus purchase was poor, though the pandemic was entirely unforeseeable. Wolfe Research analyst Jared Shojaian recently boosted his price forecast on the soon-to-be casino behemoth. his Las Vegas Strip casino resorts. black lotus casino free spin codes

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borgata casino online phone numberThey were allowed to reopen in reduced capacities and numerous health safety measures in place beginning June 4.Land-based gross gaming revenue (GGR) totaled $content$ in both April and May. his Las Vegas Strip casino resorts. The casino claims were denied, prompting Ruffin to take the companies to court.The casinos are thought to be the first gaming properties to sue their insurance companies in the wake of the coronavirus crisis.Nevada Governor Steve Sisolak (D) ordered all casinos in the state to suspend operations in mid-March. free casino slots aristocratThe 85-year-old acquired Circus Circus last year from MGM Resorts for 5 million.The timing on the Circus Circus purchase was poor, though the pandemic was entirely unforeseeable. The casino claims were denied, prompting Ruffin to take the companies to court.The casinos are thought to be the first gaming properties to sue their insurance companies in the wake of the coronavirus crisis.Nevada Governor Steve Sisolak (D) ordered all casinos in the state to suspend operations in mid-March. (Image: The Times)In lifting his price target on Eldorado to from , Shojaian highlights the strength in regional gaming properties, particularly those operated by Caesars, following the recent coronavirus reopenings.We knew trends were performing well, but the data is impressive and still better than we expected, and so we raise estimates and our target price,” said Shojaian.In a recent filing with the Securities and Exchange Commission (SEC), Caesars said revenue at its regional casinos that were open in May and June jumped nine percent to 11 percent year-over-year. games at soaring eagle casino

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desert diamond casino tucson rv parkingThe insurance companies argue that there’s a lack of “physical property damage,” and that “there’s no need for coverage if the virus isn’t there to cause damage.”The legal media outlet cites a case in Michigan where a state judge rejected a lawsuit from a restaurateur that the state limiting the establishment to delivery and takeout resulted in damages that should be covered under the policy.Legal experts say casinos could have a better argument, as they were required to fully close.“Casinos — particularly those in Las Vegas — have been impacted more severely,” attorney Michael Levine, a partner at Hunton Andrews Kurth LLP in Richmond, Virginia, told Bloomberg Law.Casino ClaimsRuffin’s two Las Vegas casinos claim the coronavirus was indeed physically present in his resorts.Filed in the United States District Court of Nevada, Circus Circus argues that insurance company AIG sold it an “all risks” policy that is supposed to cover “direct physical loss or damage to Insured Property.” The casino says the policy provides up to 0 million in coverage for physical loss or damage of property and up to .7 million in coverage for loss of business income.Persons infected with COVID-19 were present at Circus Circus prior to March 18, 2020. The casino claims were denied, prompting Ruffin to take the companies to court.The casinos are thought to be the first gaming properties to sue their insurance companies in the wake of the coronavirus crisis.Nevada Governor Steve Sisolak (D) ordered all casinos in the state to suspend operations in mid-March. The 85-year-old acquired Circus Circus last year from MGM Resorts for 5 million.The timing on the Circus Circus purchase was poor, though the pandemic was entirely unforeseeable. That offset some of the weakness in the destination markets of Las Vegas and New Orleans.Sizing Up SustainabilityThe critical question for regional operators, harrah s casino council bluffsparticularly the combined ERI/Caesars, which will control 52 gaming venues in 16 states, is how sustainable the strength is in these markets.Shojaian notes regional casinos are being propped up by operators’ ability to increase margins and factors things gaming companies can’t control, including government stimulus checks and a dearth of local entertainment options in the wake of COVID-19.“Consumers have received temporary stimulus relief and supplemental unemployment insurance, and many uThey were allowed to reopen in reduced capacities and numerous health safety measures in place beginning June 4.Land-based gross gaming revenue (GGR) totaled $content$ in both April and May. The 85-year-old acquired Circus Circus last year from MGM Resorts for 5 million.The timing on the Circus Circus purchase was poor, though the pandemic was entirely unforeseeable. island resort and casino mn