Bullish
$MGM How long can companies survive? Projections vary. After crunching “cash burn” data, some analysts contend MGM Resorts International and Caesars Entertainment have money to last eight to 16 months, according to Barron's. Story continues below  That translates to 239 days of liquidity for Caesars and 563 days for MGM Resorts. Wynn Resorts and Las Vegas Sands – companies with a strong gaming presence in China – have 15-20 months of cash available to wait out the pandemic, according to Macquarie research analyst Chad Beynon. 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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