twin river casino free drinksCaesars Entertainment is asking the city council of North Kansas City, Mo. Sola cited the financial strain caused by the coronavirus pandemic.We were closed for 75 days. “We expect their solid financial positions to help them withstand pandemic-related business disruptions, though the gaming industry today remains in uncharted territory.”COVID-liberty slots free chipAs a result, Harrah’s North Kansas City notched revenue of just million, down from million a year earlier, according to the 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. 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. 2 casino road tenterfield

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poker casino belfast(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. Harrah’s Kansas City North, seen here, is seeking rent abatement. Moody’s says gaming REITs look sturdy. encore casino everett maAnd clearly that was very, very hard for us,” she said before the council, reports The Kansas City Star. Moody’s says gaming REITs look sturdy. Like rival properties throughout the country, it generatmgm grand casino wikied no revenue in April and May. online blackjack zoom

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cache creek casino vietnamese concertHe 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. Sola cited the financial strain caused by the coronavirus pandemic.We were closed for 75 days. 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. Dori Koren said, according to KSNV-TV. 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. But local policymakers aren’t enthusiastic about the idea. pechanga casino las vegas