thunder valley casino bakeryOne thing is for certain, and that is the coronavirus economic impact on Nevada, a state that relies on tourism more than any other, will be felt for many months – and possibly years – to come.But getting to cash flow breakeven will be trickier, said JPMorgan analysts.Nevada casinos will remain closed through the end of the month, per Sisolak’s order.borgata online casino table games76 million per day in turnover to this point in the month.Most Macau operators won’t come close to breaching debt covenants for at least a year, a forecast based on the premise banks won’t provide the companies with some breathing room.6 million] per day, and cash-flow breakeven (post interest cost and maintenance capex) at MOP400-million levels ( million),” according to JPMorgan.wild horse pab casino craps

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angel of the winds casino gun show” MGM Resorts, the largest employer in Nevada, says 60,000 of its employees have been furloughed.Banks working with MGM China and Sands China obliged those companies’ request for looser covenant structures, and analysts expect the same will be true for Wynn Macau should it make a similar request of its creditors.Backpay GuaranteedSpeaking with the Las Vegas Review-Journal, DETR spokesperson Rosa Mendez says qualified unemployment applicants will receive pay from when they first became eligible.cliff castle casino open5 billion in liquidity, while SJM Holdings has .7 billion in cash, assuming a no-revenue setting lingers longer than expected.“Against their respective cash-burn, Galaxy has enough cash to survive 6+ years of no revenue (or 5 years even if it finishes Phase 3), SJM has four years (or three years even if it finishes Grand Lisboa Palace), Sands/Melco/Wynn have about two years, and MGM over a year,” notes the JPMorgan analysts.draftkings casino hours

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hollywood casino jamul76 million per day in turnover to this point in the month.That could be an ambitious goal considering that February and March gross gaming revenue (GGR) there slumped nearly 88 percent and almost 80 percent, respectively.Macau’s six concessionaires can likely break even on an earnings before interest, taxes, depreciation and amortization (EBITDA) basis this year with .45 million in daily turnover as the minimum needed for operators in the world’s largest casino hub to reach cash flow breakeven in 2020.Macau operators will need some help to break even this year, according to JPMorgan analysts.That forecast moves to seven years if the company postponescasino f bombs a two-phase expansion at Galaxy Macau.fanduel casino wv