{"id":130272,"date":"2020-03-17T09:05:14","date_gmt":"2020-03-17T16:05:14","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=130272"},"modified":"2020-03-17T12:37:17","modified_gmt":"2020-03-17T19:37:17","slug":"caesars-mgm-join-rival-in-tapping-credit-for-short-term-cash-needs","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/caesars-mgm-join-rival-in-tapping-credit-for-short-term-cash-needs\/","title":{"rendered":"Caesars, MGM Draw on Bank Credit Lines, Cash Becomes King for Fragile Gaming Industry"},"content":{"rendered":"
Caesars Entertainment Corp. (NASDAQ:CZR) and MGM Resorts International (NYSE:MGM) are among the gaming companies scrambling to bring cash onto their balance sheets by accessing revolving credit. That’s as the industry wrestles with temporary casino closures across the US because of the coronavirus outbreak.<\/p>\n