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jamul casino newsAccording to a recent report from analytics firm Tepp, the hotel industry is facing a wave of foreclosures because of the COVID-19 pandemic.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.Penn National Gaming, onesam s town casino and gambling hallMGM paid 100 percent of its rent on time and undertook several key actions to preserve its liquidity position, strengthen its balance sheet, and manage its cash outflows to preserve its financial flexibility as the pandemic continues,” explained MGM Growth Properties CEO James Stewart.“Our business and prospects may be negatively impacted by the fact that we are majority owned by a US company, should the US-China relationship further delive casino real moneyteriorate,” said Wynn in the filing.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.ruby slots 50 free chip

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