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casino near me miamiAs a result, S&P Global has downgraded Parq Holdings’ credit rating from B- to a grim CCC.S&P explains that CCC companies are “vulnerable to nonpayment and is dependent upon favorable business, financial, and economic conditions for the obligor to meet its financial commitments on the obligation. It opened in 2017, and largely has been a financial nightmare since. Credit rating analysts are concerned regarding Parq Vancouver’s ability to pay its debt liabilities in the coming years. Instead, the BC government implemented anti-money laundering rules that have led to reduced gaming revenues.“The anti-money laundering regulations in British Columbia have been a problem,” Toronto-based equity analyst Andrew Hood told Bloomberg this week. At Edgewater and casinos online for real moneyother gaming venues, few questions were asked when patrons arrived carrying large sums of cash.British Columbia Attorney General David Eby said in 2018 sworn testimony before the House of Commons Standing Committee on Finance, “Suspicious cash transactions began climbing at BC casinos in 2009 following the defunding of BC’s provincial integrated casino policing team.”Large, suspicious cash transactions continued unabated from 2009 until late 2017, when our new government instructed casinos that they should no longer accept large cash transactions when they didn’t know where the cash was coming from,” Eby explained.Ahead of Parq Vancouver’s 2017 opening, Paragon, PBC, and Dundee sought to sell a large stake in the project. The owners of Parq Vancouver say the luxury casino resort in British Columbia is operationally profitable. pechanga casino temecula california