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4 card poker online casinoLike rival properties throughout the country, it generatthe palace station casinoed no revenue in April and May. (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. The 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. borgata casino war(Image: KTNV.com)The three publicly traded casino landlords are Gaming & Leisure Proprties (NASDAQ:GLPI), MGM Growth Properties (NYSE:MGP), and VICI Properties (NYSE:VICI). Yet we still had a signthe palace station casinoificant amount of expense.”The financial break the gaming company seeks is related to a land lease. “We’re noticing an increase in robberies, stabbings, shootings that are happening from individuals from out of state.”mgm casino spa winstar world casino online gamingwhen will tachi palace casino reopenVICI-owned Harrah’s Las Vegas. He added that if the council obliges the gaming operator’s request for rent forgiveness, it would be difficult to explain such a move to other business owners.Data confirms COVID-19 is weighing on Show-Me State gaming properties. 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. chumba casino reviews 2020As a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. Yet we still had a signthe palace station casinoificant amount of expense.”The financial break the gaming company seeks is related to a land lease. for a break on rent for the Harrah’s Hotel & Casino there. scarlet pearl casino employees chumba casino no deposit bonusriverwind casino oklahomaAnd 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. 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. Caesars Entertainment is asking the city council of North Kansas City, Mo. Yet we still had a signthe palace station casinoificant amount of expense.”The financial break the gaming company seeks is related to a land lease. He added that if the council obliges the gaming operator’s request for rent forgiveness, it would be difficult to explain such a move to other business owners.Data confirms COVID-19 is weighing on Show-Me State gaming properties. bellagio casino careers seneca niagara casino italian restaurant |