Turtle Lake Casino Turtle Lake  necessary to allay regulators’ concerns regarding concentration risk. With recent sales by both operators in Northern Nevada and ERI not having a footprint on the Las Vegas Strip, it was expected Silver State regulators would green light the takeover. New Jersey, however, is seen as a wild card because the combined ERI/Caesars would own four of the nine Atlantic City Boardwalk casinos. valley forge casino restaurants That’s obvious over-concentration in an already saturated market. Previously, rumors circulated about the fate of Caesars’ under-performing Bally’s on the Boardwalk. Now, consensus appears to be that Eldorado won’t shutter or sell a Garden State property for at least two reasons. First, layoffs stemming from a closure would irk regulators. raging bull casino free chips Seminole Casino Jacksonville Florida Teob Second, New Jersey is a booming sports betting market. foxwoods online app

ERI likely can’t afford to have the deal scrapped due to regulatory issues. If that happens, the company would owe Caesars a breakup fee of almost 7 million, or more than 80 percent of its current market capitalization. Mgm Grand Casino In Maryland Kfdi Indiana, TooThe investment community will likely focus on when Nevada and New Jersey will get around to determining the fate of the ERI/Caesars marriage. turtle lake casino smoking But in the meantime, Indiana presents some risk to the deal, too. On Friday, reports surfaced that it’s not immediately clear when the Indiana Horse Racing Commission (IHRC) will next get together to consider the transaction, because a March 19 meeting was postponed by the coronavirus. b casino no deposit code The IHRC also reportedparagon casino employmently voiced concerns that ERI lacks substantial experience in operating racinos – combined casinos and racetracks – of which it would acquire two in purchasing Caesars. Those venues are Hoosier Park and Indiana Grand. chumba casino rewards golden palace casino panari nairobi cache creek casino expansion ERI does have experience with racinos, having previously owned Presque Isle Downs & Casino in Pennsylvania and the Mountaineer Casino, Racetrack & Resort in Pennsylvania. sloto cash casino complaints lake tahoe casinos with balconies

Key Insights and Expert Analysis

The March IHRC meeting hasn’t been rescheduled. The commission usually meets four times a year. Grappling with the financial impact of all of its domestic gaming operations being temporarily halted because of the coronavirus outbreak, MGM Resorts International (NYSE:MGM) doesn’t plan to tap the 4 billion in loans being made available to larger businesses as part of the federal government’s trillion stimulus package. Bellagio operator MGM doesn’t plan to participate in the 4 billion CARES Act loan program. no deposit bonus codes intertops casino (Image: Yahoo News)MGM, the largest operator on the Las Vegas Strip, is implementing what acting CEO Bill Hornbuckle calls “aggressive cost savings initiatives,” including a hiring suspension, layoffs, and substantial reductions in capital spending. The Company estimates that 60-70% of its domestic property level operating expenses are variable and is undertaking a thorough review to significantly minimize these costs, such as the implementation of hiring freezes, furloughs, and other headcount reductions,” according to a statement. palace station casino addreb “In addition, the Companyparagon casino employment is evaluating all capital spend projects and expects to defer at least 33% of planned 2020 domestic capital expenditures. ”After being locked out of receiving tax breaks and financial assistance in the wake of Hurricane Katrina in 2005, the gaming industry was vigilant in positioning for COVID-19 relief, as all of the commercial and tribal casinos in the US are currently subject to shutdown orders.

What’s AvailableEarlier this month, Jim Murren, who recently left the top spot at MGM, met with President Trump to discuss assistance for the industry rocked by the coronavirus. draftkings casino promo code 2020 Golden Nugget Casino Reno Appv Las Vegas Sands (NYSE:LVS) Chairman and CEO Sheldon Adelson used his political cache to lobby on behalf of the industry, too. Roulette Casino Virtuelle Swts But LVS won’t be taking government loans, either. double down casino jeu gratuit Under the terms of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), smaller casinos that need less than million can apply for part of 0 billion in Small Business Administration (SBA) loans. ruby slots casino codes Larger operators, such as MGM, can apply for bigger sums through intertops casino sportsbook