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bicycle casino id45 million in daily turnover as the minimum needed for operators in the world’s largest casino hub to reach cash flow breakeven in 2020.“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.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 .the foxwoods resort and casinoMacau’s six concessionaires can likely break even on an earnings before interest, taxes, depreciation and amortization (EBITDA) basis this year with .On the peninsula, the cash outlook is mostly sturdy, with JPMorgan noting Galaxy Entertainment can survive six years with its .” MGM Resorts, the largest employer in Nevada, says 60,000 of its employees have been furloughed.seminole casino update

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