mountaineer casino and racetrack west virginiaGLPI was the first of the trio to go public following a spin off from Penn National Gaming (NASDAQ:PENN) in 2013. VICI-owned Harrah’s Las Vegas. That’s an impressive feat, considering operator tenants faced multi-month shutdowns because of the pandemic. hallmark casino free spins 2021As a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the Star. The real estate company owns the property of all MGM Las Vegas assets except the Bellagio.Of the three, GLPI is least exposed to Sin City. GLPI, MGP, and VICI have .5 billion in combined cash and credit revolver access, according to Moody’s.None of the REITs have any debt maturing prior to 2023. pictures of river spirit casino

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draftkings casino queen“Occupancy is 100%, and despite pandemic-related closures of gaming properties, rent collection remains nearly spotless.”Concentration ConcernsAs the research firm points out, two risks that could pressure the gaming REITs going forward are tenant concentration and the slow pace of post-pandemic recovery in Las Vegas.While VICI owns Caesars Palace on the Strip and counts Caesars Entertainment as its biggest client, that real estate firm has other tenants, and isn’t as dependent on Sin City for rental income as MGP. The REITs operate under a long-term triple-net lease structure ranging from 30 to 50 years, with highly predictable income streams that push most financial and operational variables to their tenants,” said Moody’s. VICI-owned Harrah’s Las Vegas. casino joy slots freeGLPI was the first of the trio to go public following a spin off from Penn National Gaming (NASDAQ:PENN) in 2013. MGM Resorts International (NYSE:MGM), thecasino apps largest operator in Las Vegas, is MGP’s only client, tethering that REIT’s fortunes to a Southern Nevada rebound. GLPI, MGP, and VICI have .5 billion in combined cash and credit revolver access, according to Moody’s.None of the REITs have any debt maturing prior to 2023. slotocash casino bonus

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captain jack casino ndbMoody’s says gaming REITs look sturdy. 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. The REIT owns four gaming properties in Southern Nevada, a number that could be trimmed to three if it proceeds with selling the Tropicana on the Strip.MGM Resorts International (NYSE:MGM), thecasino apps largest operator in Las Vegas, is MGP’s only client, tethering that REIT’s fortunes to a Southern Nevada rebound. MGM Growth Properties was separated from its parent in 2016, followed by VICI the next year.Collecting Rent, Access to CashAs has been the case throughout thecasino apps broader gaming industry this year, landlords are accessing capital, bolstering balance sheets in the process. Moody’s says gaming REITs look sturdy. online casino hiring