online casino texasOn March 3, the company had a market capitalization of 7 million.At this writing Wednesday, March 25, that figure is just 8 million.88.bellagio casino las vegas water showIn a note out March 19, Stifel analyst Brad Boyer said Everi has the cash to self-sustain for 13 to 16 weeks, and should a worst-case scenario arrive, the company can probably survive several weeks beyond that.Other MovesAs the COVID-19 outbreak grips the gaming industry, driving all casinos across the US to temporarily shutter and with some speculating those closures could last longer than expected, Everi is deploying other avenues for conserving cash.Shares PoundedAs is the case with a batch of other small-cap gaming names, Everi stock is being wrecked this month by the aforementioned gaming property closures.cliff castle casino hotel arizona

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viejas casino shopping center“The cash savings arising from the executive salary reductions will be used to offset ongoing employee payroll and other expenses.The Company’s CEO, Matt Maddox, agreed to forego 100% of his salary in exchange for shares for the remainder of the year,” according to a statement issued by Wynn.(Image: Yahoo Finance)The maker of gaming machines, payment solutions, and software also said it has drawn million on a bank credit line to bring cash onto its balance sheet while unveiling a host cost-cutting measures, including dramatic reductions in executive pay, aimed at conserving capital.island view resort and casino gulfport ms“To the American people, we say, big help, quick help is on the way,” declared Senate Minority Leader Chuck Schumer (D-New York).The CEO said he expects those moves to be temporary, and the Everi is pursuing other avenues to access additional capital in an effort to bolster liquidity.” Things are certainly bad, but relief is coming after Congress came to terms on a trillion rescue package.free online poker arcade games

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