1 casinoTo get to cash flow breakeven, the tally swells to .45 million. Texas billionaire Tilman Fertitta, whose empire includes the NBA’s Houston Rockets and five Golden Nugget casinos across the country, is offering a record 15 percent loan rate in an effoencore casino gift shoprt to raise critical funds during the COVID-19 pandemic. The loan matures in 2023.Bloomberg first reported the offering, which is being facilitated by Jefferieslist of casino near meBecause of COVID-19, it appears unlikely China will meet that level of growth.One official from the People’s Bank of China (PBOC) – the country’s central bank – recently said the coronavirus could cause economic contraction worse than what was experienced during the global financial crisis.Adding to the pressure on Macau operators are increasingly grim global growth forecasts, as banks including Goldman Sachs, JPMorgan, and Morgan Stanley are forecasting economic slumps ranging from 20 percent to 30 percent this year.“On top of travel restrictions, overall softness in the China economy mitigates any near-term recovery,” according to Bernstein.Open, but Few VisitorsWith news out yesterday that Singapore’s two integrated resorts are closed through May 4, Macau is currently the only major Asia-Pacific gaming market where all casinos are open. The loan matures in 2023.Bloomberg first reported the offering, which is being facilitated by Jefferies(Image: Ethan Miller/Getty)Through his holdings company Landry’s Inc., Fertitta is seeking lenders to participate in a 0 million loan for his casinos and hundreds of restaurants, in exchange for an interest rate upwards of 15 percent. how to play poker in casino

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