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live casino socialThe previous estimate was 6x.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.MGM Resorts International (NYSE:MGM) is joining a growing list of gaming companies seeing their credit grades lowered amid the coronavirus pandemic, with Fitch Ratings trimming the Bellagio operator to “BB-” from “BB.is coushatta casino open yet2 billion in proceeds from Strip real estate sales, and recently fully drew on a .”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.quick live casino

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caesars slotFor MGM, that sum is estimated to be .Cash ConcernsAnalysts are growing concerned about the cash burn rates operators are incurring while casinos across the US are temporarily closed because of the COVID-19 pandemic.In the sale-leaseback of Bellagio to BREIT announced last October, MGM agreed to an initial annual rent of 5 million.”””mgm casino online