my chumba casinoMacau operators will need some help to break even this year, according to JPMorgan analysts.76 million per day in turnover to this point in the month.6 million] per day, and cash-flow breakeven (post interest cost and maintenance capex) at MOP400-million levels ( million),” according to JPMorgan.boomtown casino gift shopMacau’s six concessionaires can likely break even on an earnings before interest, taxes, depreciation and amortization (EBITDA) basis this year with .7 billion in cash, assuming a no-revenue setting lingers longer than expected.“To put it simply, investors need not worry about covenant breach for at least a year of ‘zero revenues,’” said the JPMorgan analysts.harrah s casino pa

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desert diamond casino promo codeThat could be an ambitious goal considering that February and March gross gaming revenue (GGR) there slumped nearly 88 percent and almost 80 percent, respectively.Sands China, the Macau arm of Las Vegas Sands (NYSE:LVS) has .“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.admiral casino rochdaleMost 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.76 million per day in turnover to this point in the month.“To put it simply, investors need not worry about covenant breach for at least a year of ‘zero revenues,’” said the JPMorgan analysts.resorts casino games

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coushatta casino resort in kinder louisianaBut getting to cash flow breakeven will be trickier, said JPMorgan analysts.6 million] per day, and cash-flow breakeven (post interest cost and maintenance capex) at MOP400-million levels ( million),” according to JPMorgan.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.Nevada casinos will remain closed through the end of the month, per Sisolak’s order.resident Donald Trump last month increases state unemployment benefits by 0 a week through July 31, 2020.Getting 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 .big daddy e s paragon casino