Paragon Casino Images vered under the policy. Legal experts say casinos could have a better argument, as they were required to fully close. Pai Poker Casino Game Daily Themed Crobword Hcgu Australia “Casinos — particularly those in Las Vegas — have been impacted more severely,” attorney Michael Levine, a partner at Hunton Andrews Kurth LLP in Richmond, Virginia, told Bloomberg Law. Casino ClaimsRuffin’s two Las Vegas casinos claim the coronavirus was indeed physically present in his resorts. cache creek casino woodland ca slot machine at the casino Filed in the United States District Court of Nevada, Circus Circus argues that insurance company AIG sold it an “all risks” policy that is supposed to cover “direct physical loss or damage to Insured Property. ” The casino says the policy provides up to 0 million in coverage for physical loss or damage of property and up to . mountaineer casino poker 7 million in coverage for loss of business income.

Persons infected with COVID-19 were present at Circus Circus prior to March 18, 2020. In fact, during the period January 1, 2020, to March 18, 2020, Circus Circus employees recorded more than 1,600 sick days,” the complaint adds. “During that same period, Circus Circus had more than 337,000 registered guests from all over the world. ” Circus Circus is seeking coverage for “the losses it has sustained because of physical loss,” and for “the loss of income and extra expenses sustained. little river casino club 50 ” The casino is additionally seeking ,000 from AIG in legal expenses. Is Turtle Creek Casino Open Now Gvwc As it nears completion of its acquisition of Caesars Entertainment (NASDAQ:CZR), Eldorado Resroulette casino advantageorts (NASDAQ:ERI) remains one of the preferred gaming equities among sell-side analysts. drake casino no deposit codes Wolfe Research analyst Jared Shojaian recently boosted his price forecast on the soon-to-be casino behemoth.

Key Insights and Expert Analysis

As it closes in on completing the Caesars purchase, Eldorado lands more bullish commentary from a Wall Street analyst. (Image: The Times)In lifting his price target on Eldorado to from , Shojaian highlights the strength in regional gaming properties, particularly those operated by Caesars, following the recent coronavirus reopenings. hollywood casino hotel raceway bangor We knew trends were performing well, but the data is impressive and still better than we expected, and so we raise estimates and our target price,” said Shojaian. In a recent filing with the Securities and Exchange Commission (SEC), Caesars said revenue at its regional casinos that were open in May and June jumped nine percent to 11 percent year-over-year. That offset some of the weakness in the destination markets of Las Vegas and New Orleans. Sizing Up SustainabilityThe critical question for regional operators, particularly the combined ERI/Caesars, which will control 52 gaming venues in 16 states, is how sustainable the strength is in these markets. big fish casino vip levels Shojaian notes regional casinos are being propped up by operators’ ability to increase margins and factors things gaming companies can’t control, including government stimulus checks and a dearth of local entertainment options in the wake of COVID-19.

“Consumers have received temproulette casino advantageorary stimulus relief and supplemental unemployment insurance, and many unemployed consumers now have more spare time with less alternatives for leisure activities,” the analyst said. liberty slots deposit bonus Capacity discipline has also been forced on the operators through social distancing mandates, so the supply environment is tight, and promotional behavior is limited,” he continued. free slot game safari heat river spirit casino mma fights turtle lake casino sports book “Therefore, we think regional demand may cool some, but we also expect destination demand to slowly improve over time, perhaps providing an offset. firekeepers online casino sign up bonus ” Analysts are favoring regional operators, saying that the venues run by those companies will recover more rapidly than destination market equivalents because many tourists are still reluctant to fly. Sunset Station Casino Concerts Bwem Shojaian sees some of the margin expansion that’s buoying regional companies today retreating a bit as capacity increases. wild casino free spins twin river casino poker Twin River Casino Update Dwau “From a margin perspective, we do believe the industry will operate at margins above pre-COVID levels over the longer term, given some permanent changes. But the current record levels feel unsustainable to us,” said scarlet pearl casino food 24h casino near me