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8 billion in liabilities as of March 31. Excluding the MGM Growth Properties (NYSE:MGP) and MGM China units, MGM Resorts has no debt coming due before 2022. club player casino no deposit bonus codes 2021 Noting that it continues facing significant fixed costs, MGM said it’s slashing at least 50 percent of planned 2020 capital spending, implementing a hiring freeze, and that “certain senior executives and directors voluntarily elected to receive all or a portion of their remaining base salary during 2020 in the form of restricted stock units in lieu of cash. ”The company is asking the board to approve a token quarterly dividend increase of one cent a share, or less if possible, according to the 8-K. cbet online gambling No Better in MacauMGM China, the operator of MGM Cotai and MGM Macau, is on course to report a first-quarter revenue slide of 63 percent to 2 million. mgm casino floor The Las Vegas-based entity owns about 56 percent of the China gaming concern. angel of the winds casino midget wrestling Macau casinos were temporarily shuttered for 15 days in February and though those venues are now open, business is far from normal and concessionaires there, including MGM China, are burning significant amounts of cash on a daily basis. online gambling revenue clearwater casino on bainbridge island
“Our Macau properties are incurring cash operating expenses, exclusive ofscarlet pearl casino restaurants rent, interest, variable gaming taxes, corporate expense and expected capital expenditures, of approximately . 5 million per day, which is significantly in excess of amounts being earned at those properties,” the company noted in the SEC document. Las Vegas Sands (NYSE:LVS) surged more than eight percent in Wednesday’s after-hours session after the company posted break even first-quarter results on the basis of generally accepted accounting principles (GAAP). It notched revenue of . 78 billion, both of which were significantly better than Wall Street expected. Venetian operator Las Vegas Sands posted Q1 results that weren’t nearly as awful as Wall Street expected. (Image: Bloomberg)Analysts forecast a GAAP loss of 10 cents a share on turnover of . gold coast casino voucher


