poker casino vegasMoody’s says gaming REITs look sturdy. MGM Resorts International (NYSE:MGM), thealiante casino bowling alley largest operator in Las Vegas, is MGP’s only client, tethering that REIT’s fortunes to a Southern Nevada rebound. Like rival properties throughout the country, it generated no revenue in April and May. seneca niagara casino update“We expect their solid financial positions to help them withstand pandemic-related business disruptions, though the gaming industry today remains in uncharted territory.”COVID-19 is the first big test of gaming REITs’ ability to weather a downturn, because the group didn’t exist didn’t exist during the global financial crisis. Gaming properties apparently are favoring informal sports-focused restaurants servinGLPI, MGP, and VICI have .5 billion in combined cash and credit revolver access, according to Moody’s.None of the REITs have any debt maturing prior to 2023. online slots real money mabachusetts

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slot machine casinos in floridaVICI-owned Harrah’s Las Vegas. 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. The real estate company owns the property of all MGM Las Vegas assets except the Bellagio.Of the three, GLPI is least exposed to Sin City. red stag casino no deposit bonus codes 2021As a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. Like rival properties throughout the country, it generated no revenue in April and May. But adjusted gross table revenue is lower by eight percealiante casino bowling alleynt, according to MGC data.casino zipline

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boomtown casino poker roomVICI-owned Harrah’s Las Vegas. “We expect their solid financial positions to help them withstand pandemic-related business disruptions, though the gaming industry today remains in uncharted territory.”COVID-19 is the first big test of gaming REITs’ ability to weather a downturn, because the group didn’t exist didn’t exist during the global financial crisis. Those companies combine to own the real estate of about 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. Moreover, the real estate companies aren’t having issues collecting rent. As a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. Those companies combine to own the real estate of about 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. casino vicksburg