2024.07.19
sam s town casino las vegas phone number(Image: Getty Images)From March 1 through July 31, 62 percent of issues in the hotel, gaming and leisure space were downgraded, according to Moody’s Investors Service. It’s been a rough credit climate for gaming and leisure companies. That’s just ahead of the 61 percent in the consumer transportation arena, an industry including the ravaged airline and cruise businesses.The spread of the coronavirus has placed significant stress on the global economy. choctaw casino free gift(Image: Getty Images)From March 1 through July 31, 62 percent of issues in the hotel, gaming and leisure space were downgraded, according to Moody’s Investors Service. The research firm said of the other 103 downgrades 70 retained investment-grade status, while 33 lost that designation and moved to the high-yield space.Among the familiar gaming names Moody’s tagged with lower grades or “negative” outlooks this riverwind casino poker roomyear are MGM Resorts International (NYSE:MGM), William Hill (OTC:WIMHY), and Penn National Gaming (NASDAQ:PENN), among others.Of interest to fixed income investors considering the gaming industry that are clinging to investment-grade marks, Moody’s says 88 percent of the 33 issues it lowered to junk for the first time carried “negative” outlooks prior to those downward revisions.Not All Bad NewsFor any company, gaming or otherwise, carrying high-yield bond ratings increases financing costsThe research firm said of the other 103 downgrades 70 retained investment-grade status, while 33 lost that designation and moved to the high-yield space.Among the familiar gaming names Moody’s tagged with lower grades or “negative” outlooks this riverwind casino poker roomyear are MGM Resorts International (NYSE:MGM), William Hill (OTC:WIMHY), and Penn National Gaming (NASDAQ:PENN), among others.Of interest to fixed income investors considering the gaming industry that are clinging to investment-grade marks, Moody’s says 88 percent of the 33 issues it lowered to junk for the first time carried “negative” outlooks prior to those downward revisions.Not All Bad NewsFor any company, gaming or otherwise, carrying high-yield bond ratings increases financing costschumba casino big winners the biggest casino near mecasino near me houston txThe two racetrack books — FanDuel at the Meadowlands and Monmouth Park’s William Hill — reported sports betting income of .7 million. Phil Murphy (D) extended restrictions on indoor dining and the consumption of alcoholic beverages. The online gambling market is flourishing during the pandemic.COVID-19 has driven American gamblers online with casinos shut and sports disrupted, (but) gamblers have still gotten their fix,” read a recent article in The Economist.As a result of the coronavirus, Grand View Research, a market research firm that covers technology industries, predicts the online gambling market will grow at an annual rate of 11.5 percent from riverwind casino poker room2020 to 2027. foxwoods resort casino great cedar hotelrcent, the gaming floors keeping 7.4 million of patron gambling money. It’s been a rough credit climate for gaming and leisure companies. Internet gaming continued to prove critical, with online casinos winning .5 million, a 122.5 percent premium in July 2019.Casino sportsbook revenue came in at .7 million. borgata casino hours of operation table games at casino ramaturtle lake casino bingorcent, the gaming floors keeping 7.4 million of patron gambling money. I know that Atlantic City is resilient, and given time, it will rebound,” New Jersey Casino Control Commission Chair James Plousis told the Press of Atlantic City.It’s been a rough credit climate for gaming and leisure companies. Phil Murphy (D) extended restrictions on indoor dining and the consumption of alcoholic beverages. The hotel, gaming and leisure sector is proving its vulnerabilities to global pandemics, and that’s evident in financial market parlance, where the industry suffered more corporate credit downgrades than any other since March. But corporate downgrades reveal a thorough and measured approach to credit during turbulent,” said the research firm.Of the top 10 industries in terms of percentage of bond downgrade since March 1, four, including gaming and leisure, hail from the consumer discretionary sector. what does gold do in zynga poker foxwoods resort casino covid |