casino resorts vietnamHe 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. Like rival properties throughout the country, it generatmohegan sun casino dininged no revenue in April and May. (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). online gambling qldAs a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. 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. Regional properties, including those operated by Caesars, are performing better than those in destination markets such as Las Vegas and New Orleans following nationwide openings. harrah s casino in san diego

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slot machine in casinoHarrah’s Kansas City North, seen here, is seeking rent abatement. 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. During this time due to closure, we did not have any revenues. dr slot casinoAs a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. During this time due to closure, we did not have any revenues. 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. live casino new years eve 2021

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free online poker jacks or betterBut local lawmakers aren’t keen on the idea. (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. “We’re noticing an increase in robberies, stabbings, shootings that are happening from individuals from out of state.”Yet we still had a signmohegan sun casino diningificant amount of expense.”The financial break the gaming company seeks is related to a land lease. “We expect their solid financial positions to help them withstand pandemic-related business disruptions, though the gaming industry today remains in uncharted territory.”COVID-But local lawmakers aren’t keen on the idea. doubledown casino refund