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Casino News – Resorts World Catskills In Problems, No Casinos For Chicago, Rough Rock Vegas Closing For Renos

Casino News – Resorts World Catskills In Problems, No Casinos For Chicago, Rough Rock Vegas Closing For Renos This week’s casino news starts us of in upstate New York where one of many most luxurious, revolutionary casinos is on the verge of bankruptcy. Can the Resorts World Catskills be saved still? Resorts World Catskills On Verge Of Bankruptcy The https://real-money-casino.club/playamo-casino-review/ upstate casino that is largest in ny is reportedly on the verge of bankruptcy carrying out a few years by which it absolutely was unable to generate profits. In accordance with the report, the Resorts World Catskills was hit with a $36 million loss in the quarter that is last. The organization is seriously considering bankruptcy that is claiming an effort to square away its debts. The casino’s shareholder that is largest, the Genting Group, has put forward a proposal to buy out the remaining shares for the company from the parent company Empire Resorts. According to an SEC filing by the company that is publicly-traded the $1 billion casino in Monticello suffered operating losses of $73.5 million through the conclusion of June. If Empire Resorts does not take the deal with the Genting Group, it would likely need to declare Chapter11 bankruptcy so that you can negotiate its debts with creditors. After projecting $300 million in revenue for 2019, the Resorts World Catskills is on pace to fall almost $100 million short of that mark. It will be interesting to see what route the Genting Group decides to take moving forward following a stunning revelations that are financial. Highest Gaming Tax Structure In U.S. Keeps Chicago From Opening...