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free slot machines online with bonus roundsAnd clearly that was very, very hard for us,” she said before the council, reports The Kansas City Star. “We expect their solid financial positions to help them withstand pandemic-related business disruptions, though the gaming industry today remains in uncharted territory.”COVID-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. jackson rancheria casino in californiaThe 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. During this time due to closure, we did not have any revenues. Harrah’s Kansas City North, seen here, is seeking rent abatement. free online poker india kansas star casino woodfire grillslot casino 111Sola cited the financial strain caused by the coronavirus pandemic.We were closed for 75 days. Caesars Entertainment is asking the city council of North Kansas City, Mo. Dori Koren said, according to KSNV-TV. is draftkings casino legal in ctThe 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. And clearly that was very, very hard for us,” she said before the council, reports The Kansas City 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. is river spirit casino open boomtown casino biloxi sportsbookmgm grand casino in marylandAs a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. for a break on rent for the Harrah’s Hotel & Casino there. 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. But adjusted gross table revenue is lower by eight percent, according to MGC data.And clearly that was very, very hard for us,” she said before the council, reports The Kansas City Star. 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. atlantis hotel casino las vegas mgm casino events |