Master Licensing Investigations Dec 2020

MORE ANALYSIS

CASH FLOWS: WHY DO WE CARE? • Because cash flows reflect what cash has been generated or consumed by the Casino operation over a period of time.

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MORE ANALYSIS

CASH FLOWS THINK ABOUT: • OPERATING CASH o Can the Casino’s current revenue cover its day-to-day operations? • INVESTING CASH o What are the changes affecting cash balances that are related to fixed assets and investments? • FINANCING CASH FLOW o How is debt affecting cash, is there an indication of financial distress?

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