MGM Resorts Won’t Accept Coronavirus Bailout Money
MGM Resorts (NYSE: MGM) is the biggest casino operator on the Las Vegas Strip, and though all of its resorts in the country are closed and those it has in China are suffering from dramatically lower visits due to the coronavirus pandemic, it announced it will not accept any of the money being made available in the $2.2 billion stimulus package signed by President Trump last week.
It will, however, consider accepting the federal loan guarantees the government is offering should the COVID-19 pandemic force the casino industry to remain closed for an extended period.
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Source Fool.com
