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Tag Archives: Macquarie research

US – Burning $14m a day, how long can Las Vegas’ casinos last for?

Macquarie research has analysed the cash reserves of Las Vegas’ casino operators and pitched how long each could survive the COVID-19 closures. It believes MGM Resorts would be able to last nine months before it runs out of cash, Wynn Resorts and Las Vegas Sands would have 15 to 20 months, while Penn National would…