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brian christopher slots yesterday6 million] per day, and cash-flow breakeven (post interest cost and maintenance capex) at MOP400-million levels ( million),” according to JPMorgan.“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.On the peninsula, the cash outlook is mostly sturdy, with JPMorgan noting Galaxy Entertainment can survive six years with its .black oak casino winners 2019Nevada casinos will remain closed through the end of the month, per Sisolak’s order.”Sisolak’s executive order suspended all evictions and foreclosures in the state for as long as Nevada remains in a “state of emergency.“To put it simply, investors need not worry about covenant breach for at least a year of ‘zero revenues,’” said the JPMorgan analysts.brian christopher slots strategy

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choctaw casino pokerMacau operators will need some help to break even this year, according to JPMorgan analysts.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.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.bovada free casino gamesSands China, the Macau arm of Las Vegas Sands (NYSE:LVS) has .7 billion in cash, assuming a no-revenue setting lingers longer than expected.That forecast moves to seven years if the company postponesencore.casino a two-phase expansion at Galaxy Macau.coushatta resort and casino

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free slots online iphoneSurviving Not Yet an IssueWith turnover non-existent in the US for the time being and activity slumping in Macau, analysts are evaluating the cash positions of gaming companies, assessing how long the firms can survive in a zero or near zero-revenue environments.Atlantic City Mayor Marty Small (D) has deemed the building a public he76 million per day in turnover to this point in the month.Now, the days are numbered for the closed casino resort.One 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.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.jamul casino bus chula vista

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