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free casino slot downloads6 million] per day, and cash-flow breakeven (post interest cost and maintenance capex) at MOP400-million levels ( million),” according to JPMorgan.6 million] per day, and cash-flow breakeven (post interest cost and maintenance capex) at MOP400-million levels ( million),” according to JPMorgan.45 million in daily turnover as the minimum needed for operators in the world’s largest casino hub to reach cash flow breakeven in 2020.golden nugget casino gulfport msGetting to those levels is the issue for Macau operators, because with strict travel controls still in place stemming from the coronvirus, April GGR is a mere trickle, with some banks estimating a scant .Most Macau operators won’t come close to breaching debt covenants for at least a year, a forecast based on the premise banks won’t provide the companies with some breathing room.But getting to cash flow breakeven will be trickier, said JPMorgan analysts.is firekeepers casino buffet open

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jobs soaring eagle casino“To put it simply, investors need not worry about covenant breach for at least a year of ‘zero revenues,’” said the JPMorgan analysts.One thing is for certain, and that is the coronavirus economic impact on Nevada, a state that relies on tourism more than any other, will be felt for many months – and possibly years – to come.On the peninsula, the cash outlook is mostly sturdy, with JPMorgan noting Galaxy Entertainment can survive six years with its .(Image: Bloomberg)The bank’my choice casino online promo codes research team covering Asia-Pacific gaming projects .Surviving Not Yet an IssueWith turnover non-existent in the US for the time being and activity slumping in Macau, analysts are evaluating the cash positions of gaming companies, assessing how long the firms can survive in a zero or near zero-revenue environments.“Against their respective cash-burn, Galaxy has enough cash to survive 6+ years of no revenue (or 5 years even if it finishes Phase 3), SJM has four years (or three years even if it finishes Grand Lisboa Palace), Sands/Melco/Wynn have about two years, and MGM over a year,” notes the JPMorgan analysts.choctaw casino concert venue