2024.07.18
black lotus casino redditWynn Resorts is soaring after a strong liquidity update and an impressive bond offering. That’s with the industry facing a zero-revenue climate in the US and not much better in Macau because of the COVID-19 pandemic.Another Positive SignOn Tuesday, Las Vegas-based Wynn said it sold 0 million worth of corporate debt in a private offering. Usually, that wouldn’t be a big news event. admiral casino clapham junctionUsually, that wouldn’t be a big news event. Usually, that wouldn’t be a big news event. Colorado could become one of the biggest sports betting markets in the West, according to one forecast. casino youtube wild casino mage hearthstonecaesar casino slotShe was paid 3,384.69 last year in full-time pay and benefits.(Image: Bleacher Report)Last November, Centennial State voters narrowly approved Proposition DD – the ballot initiative setting the stage for legalized sports betting. Down the road, California could have some say in the competition. blackjack online for moneyInvestors are flocking to the name today despite the company saying it expects first-quarter revenue to slide 43 percent on a year-over-year basis due to the impact of the coronavirus on its operations.The update on its cash position, which prompted JPMorgan to reiterate an “overweight” rating on Wynn stock, comes as Wall Street is speculating about the financial health of myriad gaming companies. That’s with the industry facing a zero-revenue climate in the US and not much better in Macau because of the COVID-19 pandemic.Another Positive SignOn Tuesday, Las Vegas-based Wynn said it sold 0 million worth of corporate debt in a private offering. That gives it 1.4 years worth of coverage for property operating expenditures and cash interest expense. is seven feathers casino open now roulette wheel for casinoseldorado reno rewards(Image: Bleacher Report)Last November, Centennial State voters narrowly approved Proposition DD – the ballot initiative setting the stage for legalized sports betting. Sandra Morgan Douglas to replace Harris as chair of the Gaming Control Board. Usually, that wouldn’t be a big news event. Usually, bonds with shorter maturities, such as Wynn’s latest sale, carry lower interest rates.Robust appetite for the bonds comes after intense speculation in the investment community that gaming operators will face credit downgrades and some, including Wynn, will be forced to suspend dividends to allay creditors’ concerns about spending.Lingering ConcernsWith little clarity on when casinos will return to normal in the US and as visitors to Macau – Wynn’s most important market – still scant, some analysts don’t believe the company is out of the coronavirus woods quite yet.“Moody’s expects earnings and credit metrics will weaken while operations in the US and Macau are negatively affected by facility closures and reduced travel and leisure spending, but that earnings and credit metrics will improve when economic conditions recover,” said the research firm in a nosanta ana casino gift shopte.The ratings agency assigned a B1 grade to Wynn’s aforementioned debt offering, putting it well into junk territory. Investors are flocking to the name today despite the company saying it expects first-quarter revenue to slide 43 percent on a year-over-year basis due to the impact of the coronavirus on its operations.The update on its cash position, which prompted JPMorgan to reiterate an “overweight” rating on Wynn stock, comes as Wall Street is speculating about the financial health of myriad gaming companies. Moody’s overall credit rating for the company is Ba3, which is also non-investment grade.free slots and win real money big dollar casino free codes |