Coronavirus and casinos: How long can Las Vegas companies survive a shutdown?

📆 27/03/2020 11:30:00
📰 USATODAY

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How long can companies survive? 'It ranges from five months to a year and a half because of obligations they have to the banks, to their employees and to projects,' research analyst Chad Beynon said.

That translates to 239 days of liquidity for Caesars and 563 days for MGM Resorts.

Macquarie released a report this week detailing how much cash these casino companies burn every day while no vacationers visit properties – and how long they can stay closed without running out of money.

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RIP Las Vegas

Oh, I'm not sure if I give a shit if any large companies fail. If they can't cut it, I mean isn't the whole thesis behind the free market is that new sustainable businesses will take their place?

Now is a GREAT time to clean and sanitize every nook and cranny of these hotels!

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