Chinook Winds Casino Resort Lincoln City Oregon uarter net income of 7 million, up from million a year earlier. caesar casino biloxi But the bulk of this year’s figure is attributable to the previously announced sale of the MGM Grand and Mandalay Bay on the Las Vegas Strip to an entity controlled by MGM Growth Properties (NYSE:MGP) and Blackstone Real Estate Income Trust (BREIT) for . z casino colorado Free Slot Games App Nygw 6 billion. Without that one-time item, the gaming company probably lost money in the January through March period, something Wall Street is expecting, as the consensus analyst forecast on MGM is a loss of 17 cents a share. slot legends casino bicycle casino daily tournaments The company is likely to report revenue of .

3 billion, a 29 percent decline, and a 61 percent drop in earnings before interest, taxes, depreciation, amortization, and restructuring or rent costs (EBITDAR) to 5 million. blackjack casino uk On the Las Vegas Strip where MGM is the largest operator, the company is projecting a 21 percent revenue decrease to . luckyland slots verification 1 billion while EBITDAR is expected to drop 34 percent to 8 million. All Nevada casinos have been closed more than a month because of COVID-19. seneca niagara casino reviews uk casino table games Reversing Course on CARES ActCongress passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27 and initially, it appeared as though MGM would not participate in that program.

Key Insights and Expert Analysis

The SEC filing indicates the company is rethinking that position. table roulette casino a vendre We intend to continue to review and consider any available potential benefits under the CARES Act for which we qualify,” according to the document. “We cannot predict tsanta ana casino rv parkinghe manner in which such benefits or any of the other benefits described herein will be allocated or administered, and we cannot assure you that we will be able to access such benefits in a timely manner or at all. ”The Excalibur operator said it had billion in cash and . slot machine casino locations 8 billion in liabilities as of March 31. Queen Mary 2 Casino Poker Etrc

Excluding the MGM Growth Properties (NYSE:MGP) and MGM China units, MGM Resorts has no debt coming due before 2022. free slot games for android phones raging bull casino location Noting that it continues facing significant fixed costs, MGM said it’s slashing at least 50 percent of planned 2020 capital spending, implementing a hiring freeze, and that “certain senior executives and directors voluntarily elected to receive all or a portion of their remaining base salary during 2020 in the form of restricted stock units in lieu of cash. ”The company is asking the board to approve a token quarterly dividend increase of one cent a share, or less if possible, according to the 8-K. No Better in MacauMGM China, the operator of MGM Cotai and MGM Macau, is on course to report a first-quarter revenue slide of 63 percent to 2 million. Poker Jamul Casino Dfkf The Las Vegas-based entity owns about 56 percent of the China gaming concern.

Macau casinos were temporarily shuttered for 15 days in February and though those venues are now open, business is far from normal and concessionaires there, including MGM China, are burning significant amounts of cash on a daily basis. “Our Macau properties are incurring cash operating expenses, exclusive ofsanta ana casino rv parking rent, interest, variable gaming taxes, corporate expense and expected capital expenditures, of approximately . acheter table roulette casino 5 million per day, which is significantly in excess of amounts being earned at those properties,” the company noted in the SEC document. Las Vegas Sands (NYSE:LVS) surged more than eight percent in Wednesday’s after-hours session after the company posted break even first-quarter results on the basis of generally accepted accounting principles (GAAP). It notched revenue of . bonus codes for red stag casino

78 billion, both of which were significantly better than Wall Street expected. Venetian operator Las Vegas Sands posted Q1 results that weren’t nearly as awful as Wall Street expected. 4 crown casino online free online slots machines games.com play now (Image: Bloomberg)Analysts forecast a GAAP loss of 10 cents a share on turnover Black Oak Casino Bingo Rybw