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clearwater casino east wenatchee closedIn effect, that allowed the gaming company to take on more debt if needed to stay afloat in a challenging environment.Wynn joins rivals, including MGM China, Sands China, and several domestic operators, in asking creditors to loosen interest coverage and leverage ratio requirements that otherwise could be breached if casinos remain closed longer than anticipated.More DetailsThe amended pact also features “certain restrictions on restricted payments,” which can include limitations on the portion of dividends WRF receives from its operating units.when will harrah s cherokee casino open back upLas Vegas Sands, Wynn Resorts, and Station Casinos are among the casino operators that are continuing to pay workers during the statewide shutdown.“WRF” refers to Wynn Resorts Finance.In effect, that allowed the gaming company to take on more debt if needed to stay afloat in a challenging environment.is cache creek casino open now

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golden nugget casino addreb some flexibility on its credit agreement with Deutsche Bank.4 yeano deposit royal ace casinors worth of coverage for operating expenses and interest costs, assuming little or no revenue is coming in.Additionally, the company recently sold 0 million of corporate debt in a private sale, an offering that was upsized from 0 million, indicating demand for the operator’s paper is strong and that it has other avenues for accessing if needed.The Credit Agreement Amendment amends the Credit Agreement to, among other things: (i) implement a financial covenant relief period through April 1, 2021 (unless earlier terminated by WRF) and (ii) implement a financial covenant increase period commencing on the first day after the expiration of the Financial Covenant Relief Period and ending on the first day of the fourth fiscal quarter after the expiration of the Financial Covenant Relief Period (unless earlier terminated by WRF),” according to a filing with the Securities and Exchange Commission (SEC) obtained by Casino.The company is gaining a covenant relief period to potentially avoid default, as domestic gaming operators contend with what is becoming a lengthy temporary closure period forced by the coronavirus outbreak.“WRF” refers to Wynn Resorts Finance.golden nugget casino nevada