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harrah s cherokee casino new years eve 2020(Image: CNBC)In downgrading MGM’s outlook to “negative” from “stable” – something else that’s becoming increasingly common in the casino business – Fitch questioned the wisdom of the operator’s recent Las Vegas Strip asset sales and plans to decrease its stake in MGM Growth Properties (NYSE:MGP).Still, Fitch believes the Mirage operator is going to burn more cash than expected this year due to the zero-revenue scenario now facing the gaming industry.2 billion in proceeds from Strip real estate sales, and recently fully drew on a .cache creek casino directions5x, and the company’s cash burn to be .1 billion in positive Fitch-defined free cash flow (FCG) in Fitch prior forecast for 2020,” said the ratings agency.(BREIT).free slots instant play

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