johnny rockets mohegan sun casinoTotal gross gaming revenue (GGR) from land-based casinos, online, and sports betting through September is at .” But that’s better than Caa3, which is described as “poor quality and very high credit risk.(Image: Hard Rock Atlantic City)Moody’s defines B2 as “being speculative and a high credit risk.free 5 dragon slot gamesAtlantic City’s long-term issuer credit rating is being upgraded by Moody’s Investors Services from Caa3 to B2.A flight from Shanghai, ChinaMoody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.4 kings slots casino no deposit bonus

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boomtown casino new orleans phone numberSpecifically, Nomura opines that better facilities would attract more affluent Chinese travelers, which in turn would lead to higher VIP play for casinos.”Atlantic City remains under state control.Only Golden Nugget has posted a gain.fanduel casino blackjack” On pace for its third consecutive year of gross gaming revenue growth, and the introduction of two new casinos, and Moody’s is upgrading the credit rating for Atlantic City.Other issues that could reverse this week’s upgrade is if the town fails to develop and adopt more fiscally sound budget plans, further strains its finances, defaults on debt obligations, or withdrawals from the state’s oversight.“The Philippine gaming industry is still mostly driven by the ‘grind’ market, but improving Philippine-China relations and the possible resolution of airport bottlenecks could translate to a major bump-up in VIP business,” Nomura stated.encore casino security

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casino table games equipmentThe outlook remains positive,” Moody’s declared.Casinos in the Philippines would benefit with more resilient VIP high roller play if the country invested in improving its airport facilities, a research note opines this week.”The financial services firm says the reason for its upgrade is due to a strengthening gaming industry that saw two new casino resorts open this summer.”Future FactorsIn its ratings release, Moody’s pointed to a host of factors that could lead to either another upgrade during its next review, or a downgrade.Critical Months AheadAtlantic City is coming off its best summer in years, as the June openings of Hard Rock and Ocean Resort generated excitement the beachfront town hasn’t seen in a decade.Factors that could lead to an upgrade include:Improved liquidityFurther reductions in expendituresDiversification of the economic baseMaterial improvement in tax base and resident wealth and incomeImprovement in the State of New Jersey’s ratingOn the contrary, if the gaming industry fails to support the nine casinos and one or more closes over the next year, Moody’s could downgrade its Atlantic City credit rating.free online poker texas hold em no limit