black oak casino imagesAccording to a recent report from analytics firm Tepp, the hotel industry is facing a wave of foreclosures because of the COVID-19 pandemic.That’s something “very few American REITs were able to do in Q2,” explained VICI CEO Edward Pitoniak.MGM Resorts and Caesars Entertainment, which together operate 16 of the Strip’s 27 casino resorts, both have REITs — respectively, MGM Growth Properties and VICI Properties.scarlet pearl casino employeesRough TimingIn the filing, Wynn Macau noted it trimmed its daily operating expenses in the world’s largest casino center to million a day in July, down from .That prompted Sahara’s legal team to sue one Sin City blogger for spreading gossip that the resort’s closure might be imminent.4 percent) of all hotel loans in the US are more than 30 days past due.upcoming concerts soaring eagle casino

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cache creek casino dining5 million per day earlier this year.Debt MountsObviously, the WeChat ban and its potential impact on Wynn Macau’s business is the issue catching investors’ attention.Resumption of the individual visit scheme (IVS) visa program has analysts saying it’s possible Macau operators break even in the fourth quarter.josh gates mohegan sun casinoThat’s because Chinese gamblers and travelers could view the ploy as a hostile act by the US and favor Asia-based companies as a result.Next week, Guangdong province will resume issuance of tourist visas for visits to the special administrative region (SAR), with the rest of mainland China slated to do the same on Sept.Nevada hotels, including those near the Las Vegas Strip such as the Howard Johnson, are facing much uncertainty as a result of COVID-19.where is foxwoods resort casino 301

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wynn las vegas slotsThe HOPE Act, if passed, would mandate the US Department of the Treasury to issue financial aid to borrowers of commercial mortgages.rating in Macau — Las Vegas Sands, MGM Resorts International, and Wynn — are potentially vulnerable to lost business, owing to the WeChat controversy.23.According to a recent report from analytics firm Tepp, the hotel industry is facing a wave of foreclosures because of the COVID-19 pandemic.Under REIT arrangements in the gaming industry, the real estate entities own the physical land and assets of each resort, while the casino’s lease operations from the trust.That adds credibility to the thesis that the SAR will rebound faster than Las Vegas or Singapore.online casino d