aliante casino concerts(Image: CNBC)With US casinos shuttered by the coronavirus, ratings agencies are issuing lower grades on debt issued by gaming operators.Small casinos, such as the numerous gaming properties in Deadwood, are not eligible for payroll assistance from the federal government during the coronavirus pandemic.Bellagio operator MGM is staring down a possible credit downgrade, says Moody’s.harrah s cherokee casino hotelSmall casinos remain ineligible for coronavirus relief through the Small Business Administration’s Paycheck Protection Program (PPP), despite recent amendments from the US Treasury Department.They are hitting those companies with “negative” outlooks or both, as the industry grapples with a zero-revenue scenario, with no near-term end in sight.Small businesses are able to receive forgivable loans up to million through the Small Business Administration so long as at least 75 percent of the money is used to continue paying employees.downstream casino free play 2021

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choctaw casino 2021Lacking VisibilityCredit raters are proMGM Resorts International’s (NYSE:MGM) credit rating was confirmed at “Ba3” by Moody’s Investors Service.Moody’s call on MGM comes about three weeks after Fitch downgraded the Mandalay Bay operator, also tagging it with a “negative” outlook.atlantis casino resort las vegasSmall casinos remain ineligible for coronavirus relief through the Small Business Administration’s Paycheck Protection Program (PPP), despite recent amendments from the US Treasury Department.But that confirmation came with a “negative” outlook, indicating the Mirage operator isn’t yet out of the woods when it comes to a downgrade.“As a result of this half-measure, small gaming businesses that have closed to comply with government orders will continue to be denied access to this critical lifeline to support their employees,” Miller concluded.mgm casino marker

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casino near me jacksonville ncorg.”They are hitting those companies with “negative” outlooks or both, as the industry grapples with a zero-revenue scenario, with no near-term end in sight.” At “Ba3” on the Moody’s scale, the gaming company has the lowest of the three “Ba” ratings and is just one notch above “B” status – grades that carry high credit risk.“It’s a great state.2 trillion Coronavirus Aid, Relief, and Economic Security Act (CARES Act) signed into law by the president on March 27.wild casino no rules bonus codes