wild lava casinoCaesars Entertainment is asking the city council of North Kansas City, Mo. 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. slot games that are freeThe 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. 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. But many of these venues are operating at limited capacity and traffic levels remain below pre-coronavirus levels.In North Kansas City, the city council appears to be in a bind, because it needs the 0,000 owed by Harrah’s, prompting several members to float the idea of extending rent payments rather than erasing the obligation outright.Domestic casinos shut down in mid-March. is coushatta casino open today

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is nearest casino(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 expect their solid financial positions to help them withstand pandemic-related business disruptions, though the gaming industry today remains in uncharted territory.”COVID-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. clearwater casino hr numberDuring this time due to closure, we did not have any revenues. 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. And clearly that was very, very hard for us,” she said before the council, reports The Kansas City Star. online gambling real money slots

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casino resorts vancouver bcCaesars Entertainment is asking the city council of North Kansas City, Mo. for a break on rent for the Harrah’s Hotel & Casino there. “We’re noticing an increase in robberies, stabbings, shootings that are happening from individuals from out of state.”Dori Koren said, according to KSNV-TV. VICI-owned Harrah’s Las Vegas. Like rival properties throughout the country, it generatkansas star casino jackpot winnersed no revenue in April and May. encore clabic casino games