Black Hawk Casino Menu vered under the policy. Legal experts say casinos could have a better argument, as they were required to fully close. “Casinos — particularly those in Las Vegas — have been impacted more severely,” attorney Michael Levine, a partner at Hunton Andrews Kurth LLP in Richmond, Virginia, told Bloomberg Law. Casino ClaimsRuffin’s two Las Vegas casinos claim the coronavirus was indeed physically present in his resorts. Filed in the United States District Court of Nevada, Circus Circus argues that insurance company AIG sold it an “all risks” policy that is supposed to cover “direct physical loss or damage to Insured Property. free casino slots dancing drums draftkings casino hours ” The casino says the policy provides up to 0 million in coverage for physical loss or damage of property and up to .

7 million in coverage for loss of business income. desert diamond casino slots viejas casino promotions Persons infected with COVID-19 were present at Circus Circus prior to March 18, 2020. In fact, during the period January 1, 2020, to March 18, 2020, Circus Circus employees recorded more than 1,600 sick days,” the complaint adds. “During that same period, Circus Circus had more than 337,000 registered guests from all over the world. ” Circus Circus is seeking coverage for “the losses it has sustained because of physical loss,” and for “the loss of income and extra expenses sustained. turtle lake casino pow wow Online Casino Utah Jdxl ” The casino is additionally seeking ,000 from AIG in legal expenses.

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As it nears completion of its acquisition of Caesars Entertainment (NASDAQ:CZR), Eldorado Rescasio watchorts (NASDAQ:ERI) remains one of the preferred gaming equities among sell-side analysts. big fish casino lawsuit online casino legal Hollywood Casino Ultipro Urbd Wolfe Research analyst Jared Shojaian recently boosted his price forecast on the soon-to-be casino behemoth. is borgata casino pet friendly San Manuel Online Slots Rnzo As it closes in on completing the Caesars purchase, Eldorado lands more bullish commentary from a Wall Street analyst. what time does desert diamond casino open up (Image: The Times)In lifting his price target on Eldorado to from , Shojaian highlights the strength in regional gaming properties, particularly those operated by Caesars, following the recent coronavirus reopenings. aliante casino restaurants We knew trends were performing well, but the data is impressive and still better than we expected, and so we raise estimates and our target price,” said Shojaian. In a recent filing with the Securities and Exchange Commission (SEC), Caesars said revenue at its regional casinos that were open in May and June jumped nine percent to 11 percent year-over-year.

That offset some of the weakness in the destination markets of Las Vegas and New Orleans. 888 live casino not working 5 pound free slots Sizing Up SustainabilityThe critical question for regional operators, particularly the combined ERI/Caesars, which will control 52 gaming venues in 16 states, is how sustainable the strength is in these markets. draftkings casino vip Shojaian notes regional casinos are being propped up by operators’ ability to increase margins and factors things gaming companies can’t control, including government stimulus checks and a dearth of local entertainment options in the wake of COVID-19. are drinks free in lake tahoe casinos “Consumers have received tempcasio watchorary stimulus relief and supplemental unemployment insurance, and many unemployed consumers now have more spare time with less alternatives for leisure activities,” the analyst said. Capacity discipline has also been forced on the operators through social distancing mandates, so the supply environment is tight, and promotional behavior is limited,” he continued. turtle creek casino concerts 2019 “Therefore, we think regional demand may cool some, but we also expect destination demand to slowly improve over time, perhaps providing an offset.

” Analysts are favoring regional operators, saying that the venues run by those companies will recover more rapidly than destination market equivalents because many tourists are still reluctant to fly. Why Does Myvegas Slots Keep Crashing Klkz Shojaian sees some of the margin expansion that’s buoying regional companies today retreating a bit as capacity increases. “From a margin perspective, we do believe the industry will operate at margins above pre-COVID levels over the longer term, given some permanent changes. mountaineer casino online betting But the current record levels feel unsustainable to us,” said the analyst.