Desert Diamond Casino Update uarter net income of 7 million, up from million a year earlier. But the bulk of this year’s figure is attributable to the previously announced sale of the MGM Grand and Mandalay Bay on the Las Vegas Strip to an entity controlled by MGM Growth Properties (NYSE:MGP) and Blackstone Real Estate Income Trust (BREIT) for . cashman casino facebook 6 billion. online gambling girl trafficking How To Get Free Chips For Doubleu Casino Mpbt Without that one-time item, the gaming company probably lost money in the January through March period, something Wall Street is expecting, as the consensus analyst forecast on MGM is a loss of 17 cents a share. free online casino slots quick hits The company is likely to report revenue of . seven feathers casino directions Encore Casino News Zyzk 3 billion, a 29 percent decline, and a 61 percent drop in earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) to 5 million. On the Las Vegas Strip where MGM is the largest operator, the company is projecting a 21 percent revenue decrease to . 1 billion while EBITDAR is expected to drop 34 percent to 8 million. cache creek casino slots las atlantis casino bonus codes 2020 wpt bicycle casino

All Nevada casinos have been closed more than a month because of COVID-19. Reversing Course on CARES ActCongress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27 and initially, it appeared as though MGM would not participate in that program. The SEC filing indicates the company is rethinking that position. online casino real cash payouts We intend to continue to review and consider any available potential benefits under the CARES Act for which we qualify,” according to the document. “We cannot predict tonline blackjack europehe manner in which such benefits or any of the other benefits described herein will be allocated or administered, and we cannot assure you that we will be able to access such benefits in a timely manner or at all. ”The Excalibur operator said it had billion in cash and . 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. Riversweeps Online Casino Bet777 Gnje

Key Insights and Expert Analysis

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. poker casino tips ”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. 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. big dollar sister casino free slot games online The Las Vegas-based entity owns about 56 percent of the China gaming concern. slot casino online gratis is cache creek casino open 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. “Our Macau properties are incurring cash operating expenses, exclusive ofonline blackjack europe 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 . draftkings casino legal 78 billion, both of which were significantly better than Wall Street expected. turn 2 bar hollywood casino Chinook Winds Casino Events Xtiz Venetian operator Las Vegas Sands posted Q1 results that weren’t nearly as awful as Wall Street expected. cache creek casino slots (Image: Bloomberg)Analysts forecast a GAAP loss of 10 cents a share on turnover of . 66 billion.