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directions to scarlet pearl casino(Image: YouTube)MGP, the real estate investment trust (REIT) spun off from the casino operator in 2016, said it lost 40 cents a share in the January through March period, That’s a time frame that includes the temporary closures of all domestic gaming properties, which started in mid-March.While we are also cognizant of the severe and unique challenges the COVID-19 pandemic is having on global and domestic economies, we are pleased that our tenant has continued to make rental payments in full,” said MGP CEO James Stewart in a statement.Unlike rivals Gaming and Leisure Properties (NASDAQ:GLPI) and Vici Properties (NYSE:VICI), MGP depends on a single tenant – MGM Resorts – for its rental revenue.Decent OutlookFollowing a recently closed transaction in which the company partnered with Blackstone REIT (BREIT) to acquire the land assets of the Mandalay Bay and MGM Grand, MGP owns all or part of the real estate of most MGM gaming venues.On the Las Vegas Strip, MGP’s porfolio includes the two aforementioned properties, as well as the Excalibur, Luxor and Mirage, among others. For example, Vici management said last week it collected all April rent and that it’s working with five unidentified tenants on financing issues.To this point, neither MGP nor Vici are mentioning anything about clients seeking rent adjustments or concessions.She is the first Africa-American woman to lead an Atlantic City casino. wild rose casino mnThey are Mohegan’s first developments outside North America.MGM Resorts executive Melonie Johnson is moving from MGM National Harbor to the Borgata in Atlantic City. MGM Resorts has15 no deposit bonus casino max pmfm named Melonie Johnson the next president of Borgata. poker casino open

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ip casinoBut the most important takeaway may just be that the company’s lone tenant – MGM Resorts International (NYSE: MGM) – paid all of its April rent. MGM Resorts executive Melonie Johnson is moving from MGM National Harbor to the Borgata in Atlantic City. The company, owned by the Seminole Tribe in Florida, is asking an appeals court in Greece to reverse the decision by the Hellenic Gaming Commission to award the license to MGE.Hard Rock said the Greek gaming regulator mishandled its bid by telling the casino operator it didn’t have sufficient construction experience – something Hard Rock Greece spokesperson Michael Karloutsos called “absolutely laughable.”Mohegan Overleveraged? With no casino revenue coming in, Mohegan Gaming missed a .7 million interest payment last month. mgm casino washington dc restaurantsThe gaming REIT also owns the real estate assets of MGM regional venues in Michigan, Mississippi, New Jersey, New York and Oh15 no deposit bonus casino max pmfmio, just to name a few.Dependence on a single tenant is viewed as risky in the commercial real estate business, particularly when operating conditions deteriorate, as they are for gaming companies. But Stewart doesn’t expect MGM to miss payments.“Based upon its publicly reported liquidity position, we believe our tenant’s liquidity position is sufficient to cover its expected rental obligations,” said the MGP chief executive.That jibes with recent commentary from rival gaming REITs. But the most important takeaway may just be that the company’s lone tenant – MGM Resorts International (NYSE: MGM) – paid all of its April rent. boulder station resort and casino

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casino resorts usaThey are Mohegan’s first developments outside North America.What that means is second-quarter earnings and revenue for operators will be challenged at best. She is the first Africa-American woman to lead an Atlantic City casino. (Image: Sean Kelley/Washington Business Journal)Johnson arrives in town from MGM National Harbor, where she was president and chief operating officer. For example, Vici management said last week it collected all April rent and that it’s working with five unidentified tenants on financing issues.To this point, neither MGP nor Vici are mentioning anything about clients seeking rent adjustments or concessions.She is the first Africa-American woman to lead an Atlantic City casino. free online slots guru