Will the Casino's be honest.

Originally posted by: PackerBackerAZ

This was Published

 

The report by Macquaire Research estimates that casino companies will be able to survive between 5.2 and 14.3 months before having to file for bankruptcy protection.

MGM Resorts International is among the highest spenders, having $14.4 million cash depletion per day and according to its last reported reserves, the company would survive for 9 months at that rate of cash burn.

Boyd Gaming Corp will survive 9.4 months as it is spending $3.2 million per day.

Penn National Gaming is using $6.4 million of its cash daily and at that rate will survive just 5.2 months before running out of cash and filing for bankruptcy.

Red Rock Resorts is burning $1.7 million daily and will last 13.8 months.

Golden Entertainment, even with less cash depletion per day, $1 million, has cash reserves for 10.4 months.

Other casino operators, Century Casinos, Monarch Casino & Resort, and Full House Resorts, will need much less cash than their bigger competitors, between $200,000 and $300,000 per day, and will last between 5.8 and 14.3 months with no revenue.

 

https://www.gamblingnews.com/news/casinos-burn-millions-per-day-depleting-cash-reserves/

 

By Bailey Schulz    Las Vegas Review-Journal
June 26, 2020 - 3:43 am
 
Updated June 30, 2020 - 10:34 am

Last week, at least nine employees on the Las Vegas Strip tested positive for COVID-19, prompting a mix of responses from companies.

Some immediately shut down the venue where the employee worked. Others kept operations going, and declined to share information, such as which department the worker had staffed.

Every hotel-casino that discovers a positive COVID-19 test among its staff must contact the Southern Nevada Health District. It’s up to each casino operator and health district to determine what to do, if anything, after that.

Full Story:  https://www.reviewjournal.com/business/casinos-gaming/what-happens-when-a-casino-employee-tests-positive-it-varies-2061431/

Contact tracing is meaningless when tests take a week or more to come back. The casinos are never going to be forthcoming about covid-19 infections among their employees or customers.

 

https://www.reviewjournal.com/business/casinos-gaming/what-happens-when-a-casino-employee-tests-positive-it-varies-2061431/


Were the figures in the March story based on NORMAL daily expenses, or on daily expenses while shut down, which would be much, much less?

 

Regardless of the actual numbers, it's obvious that all those years of resort fees and 6:5 blackjack have enabled the casinos to build up some pretty tidy nest eggs and they did not need to "panic reopen." Small businesses without cash reserves are one thing. Mega-corporations are another.

 

In the later LVRJ story, one thing stands out: an employee tests positive, the casino has to report it, but then it is up to the casino to determine what to do. No mandate from health authorities. No mandatory immediate testing of all employees with whom that employee has come in contact. No aggressive and immediate sanitizing of all the surfaces that employee touched.

 

No casino will do the responsible thing and shut down when its employees test positive. They've already sold the boo-hoooooo, we're all going BROOOOOKE narrative, so local and state authorities aren't going to act, either. Remember two things:

 

1) In Nevada, the casinos ARE the goverment.

2) We've conclusively decided as a nation that corporate profits are more important than human life.

 

 

Shutting a 1,000+ employee because 1 or 0.001% of the staff gets sick does not make any sense. 

Under Kevin's philosophy we should all remain locked in our basements until there are no more cases. 

Of course by then with nobody working we will have all starved to death. 

To get back to Rocky's origional question, I did ask one of the Pit bosses at the River Spirit in Tulsa last night.

 

"Have you had any Dealers get the Corona Virus, since you've reopened"?  She answered,"Yes, It's been bad, 3/4's of our dealers are out.  We have dealers calling in sick every day".  

 

That was nearly verbatim.  

 

Please do not draw any conclusions from this very casual, and informal conversation. This is a strong argument for testing and contact tracing though.

 

I will be in another Casino later today.  I'll ask there too. 

 

 

Casinos can still have the opportunity to be honest about their covid-19 cases. I believe that it would take the closing down of casinos for three weeks. They could then open smoke/vape free with mandatory masking for everyone (no exceptions). There is no way to social distance the roaming hordes of customers and workers in a confined space. But, if everyone uses a mask coprrectly, including while they're drinking (Lift it up to take a swig and lower it while swallowing) and nobody is smoking/vaping , the spread could be minimal. The casinos should all be conducting temperature checks for all entering. That's from the street, hotel elevators and parking garage elevators. Keep doing the disinfectant cleaning of surfaces as much as is possible and encourage everyone to adhere to the personal hygene guidelines. You know what, if the casinos did this, I'd drive the hour and fifteen minutes to Vegas!

 

The researchers in Environmental Science and Technology wrote of the “urgent need to avoid all indoor vaping/smoking” amid COVID-19. This would prevent viral spread via exhaled mainstream smoke, on which coronavirus “hitches a ride,” and also protect vulnerable nonsmokers from exposure to infected secondhand and thirdhand smoke.   Full article: https://salud-america.org/is-secondhand-smoke-and-thirdhand-smoke-linked-to-coronavirus-transmission/

The Mayo Clinic says: Thirdhand smoke is residual nicotine and other chemicals left on indoor surfaces by tobacco smoke. People are exposed to these chemicals by touching contaminated surfaces or breathing in the off-gassing from these surfaces. This residue is thought to react with common indoor pollutants to create a toxic mix including cancer causing compounds, posing a potential health hazard to nonsmokers.

Full article: https://www.mayoclinic.org/healthy-lifestyle/adult-health/expert-answers/third-hand-smoke/faq-20057791


Originally posted by: cjen

To get back to Rocky's origional question, I did ask one of the Pit bosses at the River Spirit in Tulsa last night.

 

"Have you had any Dealers get the Corona Virus, since you've reopened"?  She answered,"Yes, It's been bad, 3/4's of our dealers are out.  We have dealers calling in sick every day".  

 

That was nearly verbatim.  

 

Please do not draw any conclusions from this very casual, and informal conversation. This is a strong argument for testing and contact tracing though.

 

I will be in another Casino later today.  I'll ask there too. 

 

 


Unfortunately, in places like Tulsa, the strong argument "Trump doesn't want testing" "trumps" all other considerations.

 

I wonder how they're even managing to keep enough staff to stay open. If the prevalence of infections is as high as that pit boss implies, then aside from people getting sick, they should have even more people saying the hell with it, this job isn't worth my life.

 

Of course, Oklahoma, being a rabidly conservative state, has severe restrictions on when and how you can file for unemployment insurance. So employees are being forced back to work, at the risk of their health. But yay casino profits!!!!!

Update on Corona Virus infecting casino staff.  Asked a dealer at River Spirit, "Do you know of any dealers whose caught the Corona Virus"?  She said," No, The reason we are understaffed is because the Casino gave the dealers the option of returning to work or not".  "Plus alot of dealers call in sick to skip out of work".

 

An obvious dissimilar view from what the Pit Boss had told me earlier.

Thanks, cjen, for asking those casino folks. 

 

It is such a moving target. 

Originally posted by: cjen

Update on Corona Virus infecting casino staff.  Asked a dealer at River Spirit, "Do you know of any dealers whose caught the Corona Virus"?  She said," No, The reason we are understaffed is because the Casino gave the dealers the option of returning to work or not".  "Plus alot of dealers call in sick to skip out of work".

 

An obvious dissimilar view from what the Pit Boss had told me earlier.


Fear of being infected due to working in a close, crowded environment is a legitimate reason to stay home. Most dealers have loved ones that they don't want to infect.

 

Of course, the Trump strategy is to bully people into coming to work, whether it's safe or not. There should not be one single casino open in the US right now. Nobody NEEDS to gamble.

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