The company is laying off half of full-time staff and most of its hourly workers. Others have been put on furlough.

Tom Barrack’s political connections haven’t helped him overcome government wariness of bailing out non-band lenders.

The recovery hotel experts had hoped to see in June now seems more likely to potentially arrive in July or August.

Lenders must also act in good faith to forge solutions for forbearance, otherwise the federal government must mandate it.