twin river casino kentucky derbyTwin River is accessing cash in preparation for longer-than-expected casino closures. “While gaming taxes and marketing will be reduced to zero in a no-revenue scenario, operators will bear some labor costs during closures.”In preparation for what could be an extended closure period, several gaming companies, including MGM and Wynn, are tapping bank credit lines to bring cash onto their balance sheets. (Image: Getty Images)On Friday, S&P shifted the ratings outlooks on those gaming giants and a batch of tribal and regional casino companies to “CreditWatch Negative.” They cited the impact the COVID-19 pandemic is having on the industry and the US economy. riverwind casino hotels near(NASDAQ:CZR), MGM Resorts International (NYSE:MGM), and Wynn Resorts (NASDAQ:WYNN) in tapping bank credit lines. “First, we believe the U.S. But now, many of these firms are in danger of being lowered to non-investment grade status.The gaming operator and gaming equipment sectors are currently facing an unprecedented decline in revenue resulting from the temporary closures of casinos across the U.S.,” said S&P in a note obtained by Casino.org. choctaw casino durant phone number

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