pechanga casino motor coach(Image: Kansas City Star)Julie Sola, general manager of the gaming venue, approached the city council last week, seeking up to 0,000 in rent abatement. During this time due to closure, we did not have any revenues. But many of these 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. poker games at crown casinoThose companies combine to own the real estate of aboutcache creek casino hotel room prices 20 percent of US commercial gaming venues.Gaming & Leisure Properties’, VICI Properties’ and MGM Growth Properties’ combined gross assets grew more than 60%, to over billion, in the second quarter of 2020, up from about billion at their inception a few years ago,” said Moody’s analyst Thuy Nguyen. But local lawmakers aren’t keen on the idea. As a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. free online poker no money

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borgata online casino michiganThe land on which Harrah’s North Kansas City operates is owned by gaming real estate investment trust (REIT) VICI Properties, but the municipality owns the building on which the hotel/casino resides.By market share, the casino is the second-largest in the Show-Me State.Vicious CircleThe debate between Caesars and the North Kansas City city council underscores a scenario gaming companies and the areas in which they operate became all too familiar with during the COVID-19 pandemic.Casinos need to be open to make money, and municipalities need the gaming venues to be conducting business to generate much-needed tax revenue. But local policymakers aren’t enthusiastic about the idea. (Image: Kansas City Star)Julie Sola, general manager of the gaming venue, approached the city council last week, seeking up to 0,000 in rent abatement. no deposit casino bonus 500But local policymakers aren’t enthusiastic about the idea. And clearly that was very, very hard for us,” she said before the council, reports The Kansas City Star. for a break on rent for the Harrah’s Hotel & Casino there. seminole casino tampa jobs

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golden nugget casino biloxi shootingAnd clearly that was very, very hard for us,” she said before the council, reports The Kansas City Star. Caesars Entertainment is asking the city council of North Kansas City, Mo. 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. 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. Harrah’s Kansas City North, seen here, is seeking rent abatement. As of August, fiscal 2021 year-to-date admissions to all casinos in the state are lower, including a nine percent decline for Harrah’s.As of the end of August, adjust gross slot revenue at the Caesars venue is higher by 2.3 percent, making it the only casino in the Kansas City market that can make that claim. wild 7 casino game free