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ip casino concertsBut because of the pandemic — which has resulted in bans on mass gatherings and suspended live entertainment — the company is now being forced into bankruptcy protection.A press release today announced the news that Cirque du Soleil Entertainment Group has filed for protection from its creditors under the Companies’ Creditors Arrangement Act (CCAA) inmgm grand casino wiki Quebec.If a superior court approves of the request during a hearing tomorrow, Cirque says it will then seek Chapter 15 protection in the United States. (Image: Cirque du Soleil)Cirque du Soleil has been the go-to entertainment provider for numerous Las Vegas Strip casinos.The company has held residencies at TI, New York-New York, MGM Grand, Mirage, Luxor, and Aria. The new projection implies an upside of more than 50 percent from where the name trades at this writing.Our long-term bullish thesis around the ERI story has not changed at all,” said the analyst. Present shows that are now in jeopardy of being canceled include “Michael Jackson: One” at Mandalay Bay, “The Beatles Love” at The Mirage, “Ka” at MGM Grand, “Zumanity” at New York-New York, “O” at Bellagio, and “Mystere” at TI.For the past 36 years, Cirque du Soleil has been a highly successful and profitable organization. Cirque du Soleil and its dozens of shows, including “Mystere” at TI, remain shuttered by the coronavirus. MGM Resorts, the largest owner and operator of casinos on the Strip, is an official partner of the entertainment giant.Cirque du Soleil was in financial trouble prior to COVID-19. jackson rancheria casino bingo