Las Vegas-based Boyd Gaming Corp. is burning about $3.2 million daily during the shutdown and would run out of cash in about 9.4 months at that rate, according to the report. MGM Resorts International is burning $14.4 million daily and would run out in nine months. Penn National is burning $6.4 million daily and has 5.2 months before it runs out. Red Rock Resorts is burning $1.7 million daily and has 13.8 months; Golden Entertainment is burning $1 million daily and has 10.4 months.
Gaming is a little bit different than a lot of other businesses,” he said. “It’s harder for a bank … to take over the building, take over the operations if they run out of cash, but they will all have to downsize, offer discounts and eventually filing for protection. I have only dabbled in this sector, but am keeping an eye on it for consolidation.
Gaming is a little bit different than a lot of other businesses,” he said. “It’s harder for a bank … to take over the building, take over the operations if they run out of cash, but they will all have to downsize, offer discounts and eventually filing for protection. I have only dabbled in this sector, but am keeping an eye on it for consolidation.
[h=1]Eldorado/Caesars Deal: It Will Close Because It Makes Post-Virus Sense As A Real Value[/h]
https://seekingalpha.com/article/4338941-eldorado-caesars-deal-will-close-because-makes-post-virus-sense-real-value?utm_medium=email&utm_source=seeking_alpha&mail_subject=eri-eldorado-caesars-deal-it-will-close-because-it-makes-post-virus-sense-as-a-real-value&utm_campaign=rta-stock-article&utm_content=link-0
https://seekingalpha.com/article/4338941-eldorado-caesars-deal-will-close-because-makes-post-virus-sense-real-value?utm_medium=email&utm_source=seeking_alpha&mail_subject=eri-eldorado-caesars-deal-it-will-close-because-it-makes-post-virus-sense-as-a-real-value&utm_campaign=rta-stock-article&utm_content=link-0
Full reopening of Las Vegas isn’t going to be fast or simple. The Las Vegas Strip is home to some of the country’s highest-capacity hotels, I don't see Las Vegas being as profitable as it was for a long time with social distancing. The trend in recent years has been for Vegas to emphasize revenue from dining and entertainment, alongside gambling, but betting is still synonymous with Vegas. However, casinos weren’t designed for maintaining six feet of distance from other people.
