2024.07.08
pechanga casino and hotelMohegan Gaming & Entertainment (MGE), the casino company owned by the Mohegan Tribe in Connecticut, says the coronavirus pandemic will not delay its .6 billion project in Athens, Greece. (Image: YouTube)MGP, the real estate investment trust (REIT) spun off from the casino operator in 2016, said it lost 40 cents a share in the January through March period, That’s a time frame that includes the temporary closures of all domestic gaming properties, which started in mid-March.While we are also cognizant of theluckyland slots reviews severe and unique challenges the COVID-19 pandemic is having on global and domestic economies, we are pleased that our tenant has continued to make rental payments in full,” said MGP CEO James Stewart in a statement.Unlike rivals Gaming and Leisure Properties (NASDAQ:GLPI) and Vici Properties (NYSE:VICI), MGP depends on a single tenant – MGM Resorts – for its rental revenue.Decent OutlookFollowing a recently closed transaction in which the company partnered with Blackstone REIT (BREIT) toMGE also owns and/or operates Mohegan Sun Pocono in Pennsylvania, Resorts Casino Hotel in Atlantic City, Ilani in Washington, Paragon Casino Resort in Louisiana, and Casino Niagara and Fallsview Casino Resort in Canada.The tribal entity is bleeding tens of millions of dollars each month. aliante casino nevadaMohegan Gaming & Entertainment’s casino resort vision for Greece is grand and expensive. But the most important takeaway may just be that the company’s lone tenant – MGM Resorts International (NYSE: MGM) – paid all of its April rent. The report said Brazil is ill-equipped to combat the virus.slotocash casino free spins call the wynn las vegasoxford casino gift shopDespite the setback, MGE has no plans to fold on Athens.Mohegan Gaming Entertainment is fully committed to turning Greece into a top destination for entertainment and business conferences in Europe,” CEO Mario Kontomerkos told Reuters.The statement comes after Hard Rock said recently that it isn’t giving up on its IR bid in Greece. One university study has estimated the total to date at higher than the US’ world-leading 1.2 million,” a Wall Street Journal article read this week. Despite the setback, MGE has no plans to fold on Athens.Mohegan Gaming Entertainment is fully committed to turning Greece into a top destination for entertainment and business conferences in Europe,” CEO Mario Kontomerkos told Reuters.The statement comes after Hard Rock said recently that it isn’t giving up on its IR bid in Greece. mgm grand hotel casino gymThe permit allows Mohegan to build a casino complex on the grounds of the former Hellenikon International Airport.The airport was Athens’ main airport for six decades until it closed in 2001 and was replaced by the new Athens International. The resort located adjacent to Incheon International Airport is expected to cost billion.INSPIRE Incheon will feature a luxury hotel with 1,250 guestrooms, rooftop swimming pool, traditional Korean day spa, retail shopping, 40 restaurants, golf course, entertainment complex and 15,000-seat arena, and casino offering 1,500 slot machines and 250 table games.Combined, the two INSPIRE projects are currently projected to cost approximately .6 billion. The company, owned by the Seminole Tribe in Florida, is asking an appeals court in Greece to reverse the decision by the Hellenic Gaming Commission to award the license to MGE.Hard Rock said the Greek gaming regulator mishandled its bid by telling the casino operator it didn’t have sufficient construction experience – something Hard Rock Greece spokesperson Michael Karloutsos called “absolutely laughable.”Mohegan Overleveraged? With no casino revenue coming in, Mohegan Gluckyland slots reviewsaming missed a .7 million interest payment last month. free slot games goldfish downstream casino telephone numberchinook winds casino updateThe report said Brazil is ill-equipped to combat the virus.The company, owned by the Seminole Tribe in Florida, is asking an appeals court in Greece to reverse the decision by the Hellenic Gaming Commission to award the license to MGE.Hard Rock said the Greek gaming regulator mishandled its bid by telling the casino operator it didn’t have sufficient construction experience – something Hard Rock Greece spokesperson Michael Karloutsos called “absolutely laughable.”Mohegan Overleveraged? With no casino revenue coming in, Mohegan Gluckyland slots reviewsaming missed a .7 million interest payment last month. (Image: MGE)In January, MGE won the bidding war against fellow US tribal casino giant Hard Rock International for Greece’s lone commercial integrated resort (IR) license. Excalibur owner MGM Growth Properties collected all April rent and doesn’t expect problems on that front this month. MGM Growth Properties (NYSE:MGP) reported first-quarter results earlier Tuesday. (Image: YouTube)MGP, the real estate investment trust (REIT) spun off from the casino operator in 2016, said it lost 40 cents a share in the January through March period, That’s a time frame that includes the temporary closures of all domestic gaming properties, which started in mid-March.While we are also cognizant of theluckyland slots reviews severe and unique challenges the COVID-19 pandemic is having on global and domestic economies, we are pleased that our tenant has continued to make rental payments in full,” said MGP CEO James Stewart in a statement.Unlike rivals Gaming and Leisure Properties (NASDAQ:GLPI) and Vici Properties (NYSE:VICI), MGP depends on a single tenant – MGM Resorts – for its rental revenue.Decent OutlookFollowing a recently closed transaction in which the company partnered with Blackstone REIT (BREIT) tochumba casino mastercard is valley forge casino open today |