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Persons infected with COVID-19 were present at Circus Circus prior to March 18, 2020. valley forge casino resort themed rooms In fact, during the period January 1, 2020, to March 18, 2020, Circus Circus employees recorded more than 1,600 sick days,” the complaint adds. “During that same period, Circus Circus had more than 337,000 registered guests from all over the world. ” Circus Circus is seeking coverage for “the losses it has sustained because of physical loss,” and for “the loss of income and extra expenses sustained. morongo casino directions jamul casino shuttle ” The casino is additionally seeking ,000 from AIG in legal expenses. poker casino woodbine As it nears completion of its acquisition of Caesars Entertainment (NASDAQ:CZR), Eldorado Rescasio watchorts (NASDAQ:ERI) remains one of the preferred gaming equities among sell-side analysts. casino under 18 near me Wolfe Research analyst Jared Shojaian recently boosted his price forecast on the soon-to-be casino behemoth. cache creek casino ca Live Casino Zurich Mccn

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As it closes in on completing the Caesars purchase, Eldorado lands more bullish commentary from a Wall Street analyst. kansas star casino jobs (Image: The Times)In lifting his price target on Eldorado to from , Shojaian highlights the strength in regional gaming properties, particularly those operated by Caesars, following the recent coronavirus reopenings. We knew trends were performing well, but the data is impressive and still better than we expected, and so we raise estimates and our target price,” said Shojaian. clearwater casino app lake tahoe casino entertainment In a recent filing with the Securities and Exchange Commission (SEC), Caesars said revenue at its regional casinos that were open in May and June jumped nine percent to 11 percent year-over-year. That offset some of the weakness in the destination markets of Las Vegas and New Orleans. Sizing Up SustainabilityThe critical question for regional operators, particularly the combined ERI/Caesars, which will control 52 gaming venues in 16 states, is how sustainable the strength is in these markets. viejas casino spa Shojaian notes regional casinos are being propped up by operators’ ability to increase margins and factors things gaming companies can’t control, including government stimulus checks and a dearth of local entertainment options in the wake of COVID-19.

“Consumers have received tempcasio watchorary stimulus relief and supplemental unemployment insurance, and many unemployed consumers now have more spare time with less alternatives for leisure activities,” the analyst said. downstream casino news Capacity discipline has also been forced on the operators through social distancing mandates, so the supply environment is tight, and promotional behavior is limited,” he continued. G Casino Poker Ecis “Therefore, we think regional demand may cool some, but we also expect destination demand to slowly improve over time, perhaps providing an offset. ” Analysts are favoring regional operators, saying that the venues run by those companies will recover more rapidly than destination market equivalents because many tourists are still reluctant to fly. free slot games lobstermania Bovada Casino Bonus Code 2020 Ytkx Shojaian sees some of the margin expansion that’s buoying regional companies today retreating a bit as capacity increases. “From a margin perspective, we do believe the industry will operate at margins above pre-COVID levels over the longer term, given some permanent changes. But the current record levels feel unsustainable to us,” said the analyst.