firekeepers casino 400 results 2020Those names could be investors’ preferred avenues for wagering on the industry’s post-coronavirus resurgence, according to one analyst.J.At the end of the first quarter, TRWH had 5 million in cash on hand and 0 million in borrowing capacity, giving it one of the stronger capital positions among smaller regional gaming companies.resorts casino in las vegas“There is a real risk that tenants may look to their rent obligations to conserve cash, while their facilities are closed or are operating with minimal business volumes,” said Fitch Ratings in a recent notGLP has nearly doubled off its March nadir, while MGP and Vici are higher by 121.Some market participants appear to agree with Adam’s assessment, as shares of the three REITs soared off their 52-week lows.poker casino germany

wild horse pab casino golf

luckyland slots mastercard login(Image: CNBC)This is the first downturn faced by the gaming real estate investment trusts (REITs), because the oldest – GLP – didn’t debut as a public company until 2012, prompting some investors to ponder the fate of companies in what is becoming an extended zero-revenue environment for their operator tenants.Thus far, that hasn’t been an issue, with GLP and Vici each saying essentially all tenants paid rent for the fourth month of the year.GLP has nearly doubled off its March nadir, while MGP and Vici are higher by 121.free casino slots flaming cratesAllaying ConcernsDomestic casino closures forced by COVID-19 commenced in mid-March.J.Boardwalk from Caesars Entertainment (NASDAQ:CZR) – another acquisition seen happening at a rock-bottom price.downstream casino website

live casino near me

morongo casino updateWith May 1 just two days away and US casinos having been shuttered for all of this month, the lease obligation concern is back.However, Nomura Instinet analyst Daniel Adam believes the property firms are the best bets for investors positioning for an industry resurgence.“There is a real risk that tenants may look to their rent obligations to conserve cash, while their facilities are closed or are operating with minimal business volumes,” said Fitch Ratings in a recent notWith kansas star casino and hotelthe COVID-19 pandemic having resulted in casino closures throughout the world, rather than choose winners and losers among the operators, we consider the Gaming REITs to be a much safer way for equity investors to gain exposure to an eventual recovery in Gaming,” he wrote in a recent note to clients.Thus far, that hasn’t been an issue, with GLP and Vici each saying essentially all tenants paid rent for the fourth month of the year.Thus far, that hasn’t been an issue, with GLP and Vici each saying essentially all tenants paid rent for the fourth month of the year.luckyland casino for iphone