Casino operator Wynn Resorts admits that it’s bleeding red ink as a result of the COVID-19 pandemic but insists that the company can bleed for a long time before dying.

On Tuesday, Wynn filed papers with the US Securities and Exchange Commission noting that the company incurred cash operating expenses of $2.5m per day, excluding cash interest expense of $500k per day, during the government-ordered 15-day closure of its Macau casinos in February.

Despite those Macau properties having since reopened, Wynn said that “certain health safeguards” to minimize further COVID-19 spread remain in effect. As a result of these safeguards, along with travel restrictions from mainland China, the company expects “to continue to incur such cash costs in excess of the amounts we are earning at our properties.”

In the US, Wynn’s operations in Las Vegas and Boston remain closed and the company recently committed to paying its 15k furloughed employees through May 15. The cost of doing so, along with other cash operating expenses of its US properties, total around $3.5m per day, excluding $800k of cash interest expense.