palace station resort and casinohis Las Vegas Strip casino resorts. 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. his Las Vegas Strip casino resorts. admiral casino.comThe 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. As it closes in on completing the Caesars purchase, Eldorado lands more bullish commentary from a Wall Street analyst. (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. gold coast casino red zone

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bellagio casino barsWolfe Research analyst Jared Shojaian recently boosted his price forecast on the soon-to-be casino behemoth. Wolfe Research analyst Jared Shojaian recently boosted his price forecast on the soon-to-be casino behemoth. 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. drake casino phone numberhis Las Vegas Strip casino resorts. Wolfe Research analyst Jared Shojaian recently boosted his price forecast on the soon-to-be casino behemoth. The 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. 3 reel slot games free

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wynn casino las vegas golfThe 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. “harrah s casino council bluffsDuring that same period, Circus Circus had more than 337,000 registered guests from all over the world.” Circus Circus is seeking coverage for “the losses it has sustained because of physical loss,” and for “the loss of income and extra expenses sustained.” The casino is additionally seeking ,000 from AIG in legal expenses.his Las Vegas Strip casino resorts. As it closes in on completing the Caesars purchase, Eldorado lands more bullish commentary from a Wall Street analyst. Ruffin believes his insurance policies warrant some sort of coverage in relation to the coronavirus emergency.Bloomberg Law reports that insurance carriers have “broadharrah s casino council bluffsly denied” claims for business losses during the pandemic. his Las Vegas Strip casino resorts. mohegan sun casino sports betting