downstream casino hotel(Image: CNBC)This is the first downturn faced by the gaming real estate investment trusts (REITs), because the oldest – GLP – didn’t debut as a public company until 2012, prompting some investors to ponder the fate of companies in what is becoming an extended zero-revenue environment for their operator tenants.Allaying ConcernsDomestic casino closures forced by COVID-19 commenced in mid-March.Those names could be investors’ preferred avenues for wagering on the industry’s post-coronavirus resurgence, according to one analyst.little river casino shuttle(Image: CNBC)This is the first downturn faced by the gaming real estate investment trusts (REITs), because the oldest – GLP – didn’t debut as a public company until 2012, prompting some investors to ponder the fate of companies in what is becoming an extended zero-revenue environment for their operator tenants.Fortunately for the real estate companies, insolvency for tenants is a way’s off, as even the financially flimsiest of gaming companies has enough capital on hand to survive at least another year with no money coming in.Allaying ConcernsDomestic casino closures forced by COVID-19 commenced in mid-March.hard rock casino melbourne fl

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harrah s casino florida“While we remain optimistic about reopecasino size roulette wheelning, this additional financing ensures we have the financial resources necessary to continue funding operations, servicing our obligations, and pursing organic and strategic growth opportunities through the COVID-19 crisis,” said TRWH CEO George Papanier.Those names could be investors’ preferred avenues for wagering on the industry’s post-coronavirus resurgence, according to one analyst.Those deals will take some time to close, giving TRWH the ability to repay an existing credit revolver and then borrow on it again in the future.liberty slots free bonus codes43 percent and 81.But Instinet’s Adam reminds investors that even if a tenant were to go belly up because of a prolonged no-revenue setting, gaming REITs have first priority for assets in bankruptcy proceedings.With May 1 just two days away and US casinos having been shuttered for all of this month, the lease obligation concern is back.poker superstars 2 free online

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seneca niagara casino log inalso paying million to purchase Bally’s on the Atlantic City, N.Gaming REITs, such as Caesars Palace owner Vici, look like sound bets, according to one analyst.In addition to the favorable pricing – 0 million combined for three casinos is seen as cheap – Wall Street is applauding TRWH’s ongoing effort to increase geographic diversity and reduce its revenue dependence on the highly competitive New England market.On a brighter note, analysts are lauding the company’s recent purchases.Not Much Vision on ReopeningTwin River’s gaming property roster is currently comprised of seven casinos – two in Rhode Island, one in Mississippi, one in Delaware, and three casinos plus a horse racetrack in Colorado.Some market participants appear to agree with Adam’s assessment, as shares of the three REITs soared off their 52-week lows.slot casino games online