[ Casino & Gaming Experience | Greektown Casino Success Story ]
Around the globe, the economic meltdown is challenging most industries, including the gaming and hospitality industry. Even the strongest gaming operators are facing difficult decisions such as employee layoffs and reevaluating plans to construct new properties or complete partially finished casino and hotel expansion projects. All stakeholders in the industry are dealing with unprecedented challenges.
The gaming and hospitality industry is no longer recession-proof. Many properties previously financed by easily obtainable, covenant-light loans are now experiencing dire consequences that stem from their inability to pay upcoming debt-service obligations when due in light of recent declines in operating performance.
Conway MacKenzie is well positioned to assist all stakeholders in the industry through these difficult situations. Our team of experienced turnaround professionals has in-depth knowledge of not only restructuring options, but specifically how those tools can be used to repair the balance sheets of gaming and hospitality companies and restore stability to their financial situations.