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the wynn casino in vegasNext week, Guangdong province will resume issuance of tourist visas for visits to the special administrative region (SAR), with the rest of mainland China slated to do the same on Sept. Nevada lodging executives are calling on Congress to pass the Helping Open Properties Endeavor (HOPE) Act, which would provide commercial real estate developments with debt relief. The casino resort, located on the Strip’s northern end, has been the subject of recent rumors regarding its ability to weather the coronavirus storm. sam s town casino phone numberThat adds credibility to the thesis that the SAR will rebound faster than Las Vegas or Singapore.However, Wynn Macau warns that if tensions escalate between the US and China, the latter’s economy could be negatively affected, and those adverse impacts could trickle down to Macau’s gaming business.“Our business and prospects may be negatively impacted by the fact that we are majority owned by a US company, should the US-China relationship further deteriorate,” said Wynn in the filing.Debt MountsObviously, the WeChat ban and its potential impact on Wynn Macau’s business is the issue catching investors’ attention. Borrowers who have experienced at least a 25 percent year-over-year drop in revenue during a consecutive three-month period between March 1, 2020, and February 28, 2021, would qualify.The loan comes with a three percThe app, often viewed as the Chinese equivalent of Facebook’s Messenger or WhatsApp platforms, has over one billion users around the world, many of whom reside in China.We are unable to ascertain the scope of the ban at this point, and there is no assurance that the ban will not adversely affect our ability to communicate with certain of our customers,” said Wynn Macau in the filing.When the White House’s ban on the messaging app was revealed earlier this month, analysts speculated it would be a negative for gaming companies because operators like Wynn use the platform to market to customers.The three US-based concessionaires operating in Macau — Las Vegas Sands, MGM Resorts International, and Wynn — are potentially vulnerable to lost business, owing to the WeChat controversy. casino extreme free no deposit bonus cashman casino multiplierfour winds casino offersNevada hotels, including those near the Las Vegas Strip such as the Howard Johnson, are facing much uncertainty as a result of COVID-19. (Image: Macau News)The operator of Wynn Macau and Wynn Palace notes in the filing that hostilities between the world’s two largest economies are on the rise this year, and many of its customers use WeChat as a form of communication. Van Taylor (R-Texas) with bipartisan support, the HOPE Act would provide financial assistance to businesses that are operating in the struggling commercial real estate market.According to a recent report from analytics firm Tepp, the hotel industry is facing a wave of foreclosures because of the COVID-19 pandemic. hollywood casino in jolietBorrowers who have experienced at least a 25 percent year-over-year drop in revenue during a consecutive three-month period between March 1, 2020, and February 28, 2021, would qualify.The loan comes with a three percThe app, often viewed as the Chinese equivalent of Facebook’s Messenger or WhatsApp platforms, has over one billion users around the world, many of whom reside in China.We are unable to ascertain the scope of the ban at this point, and there is no assurance that the ban will not adversely affect our ability to communicate with certain of our customers,” said Wynn Macau in the filing.When the White House’s ban on the messaging app was revealed earlier this month, analysts speculated it would be a negative for gaming companies because operators like Wynn use the platform to market to customers.The three US-based concessionaires operating in Macau — Las Vegas Sands, MGM Resorts International, and Wynn — are potentially vulnerable to lost business, owing to the WeChat controversy. (Image: TripAdvisor)Introduced in late July by Rep. desert diamond casino rules palace station casino directionsdragon slot machine at casinoWynn Palace (seen here) and Wynn Macau could suffer if US/China hostilities escalate, according to the gaming company. Nevada lodging executives are calling on Congress to pass the Helping Open Properties Endeavor (HOPE) Act, which would provide commercial real estate developments with debt relief. Nearly a quarter (23.4 percent) of all hotel loans in the US are more than 30 days past due.One of the 4,000 signatures on a letter sent to Congress this week urging Capitol Hill to quickly pass the HOPE Act is Sahara Las Vegas VP of Sales Christopher Bond. The casino resort, located on the Strip’s northern end, has been the subject of recent rumors regarding its ability to weather the coronavirus storm. That adds credibility to the thesis that the SAR will rebound faster than Las Vegas or Singapore.However, Wynn Macau warns that if tensions escalate between the US and China, the latter’s economy could be negatively affected, and those adverse impacts could trickle down to Macau’s gaming business.“Our business and prospects may be negatively impacted by the fact that we are majority owned by a US company, should the US-China relationship further deteriorate,” said Wynn in the filing.Debt MountsObviously, the WeChat ban and its potential impact on Wynn Macau’s business is the issue catching investors’ attention. But there are other notable financial details in the filing.The operator is issuing 0 million in new debt, with 0 million worth of notes coming due in 2028 and a 0 millidrake casino twitter freeroll codeon addition to an issue maturing in 2026.Moody’s Investors Service assigned a junk rating of “B1” rating to the new issue but called it credit positive because it bolsters the gaming company’s funding flexibility.mohegan sun casino nj caesar casino ac |