choctaw casino poteauThat’s because the gaming company depends on Macau for 75 percent or more of its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue in normal quarters.Fitch Ratings has downgraded approximately 5 million worth of bonds issued by the New Jersey Casino Reinvestment Development Authority (CRDA).(Image: Press of Atlanticfree casino slot machine games City)The credit agency lowered its CRDA rating from BBB+ to BBB.cool cat casino no deposit couponsThat’s because hfree casino slot machine gamesis administration will likely take a softer tone toward geopolitical relations with the world’s second-largest economy.60 a share to Golden equity, says Bain.Bull Case for the PatientMorgan Stanley analyst Thomas Allen lays out a bull case for Wynn stock.double up casino free slots

number for sycuan casino

slots empire casino free spinsAdditionally, as one of six license holders in Maryland, the company is likely to benefit from what’s expected to be easy approval of sports wagering there on Election Day.“We would expect to see Wynn stock re-rate if Biden wins the presidency.Wynn Resorts (NASDAQ:WYNN) is starting November on a strong note.bovada casino telephone numberBut Bain lays out a case as to why that should change.The Wynn Macau integrated resort.Shares of the Encore Boston Harbor operator are lower by almost 48 percent year-to-date but are up more than three percent with the help of the Morgan Stanley upgrade.chukchansi casino number

eldorado casino reno owners

chumba casino free sweeps cash links 2020We upgrade Wynn as we see 1) an upcoming operating inflection with further upside post-COVID, 2) overblown concerns about Macau high-end, & 3) a positive catalyst if Biden wins, all at an attractive valuation,” according to Morgan Stanley.”The downgrade of CRDA’s luxury tax revenue bonds to ‘BBB’ from ‘BBB+’ reflects the severity of pledged revenue declines in 2020, the likely slow trajectory of the recovery for casino and other entertainment activity in Atlantic City, and thus luxury tax receipts, and the resulting higher v67 a share in value to Golden stock.We upgrade Wynn as we see 1) an upcoming operating inflection with further upside post-COVID, 2) overblown concerns about Macau high-end, & 3) a positive catalyst if Biden wins, all at an attractive valuation,” according to Morgan Stanley.It’s rallying on the back of an upgrade by Morgan Stanley.Electoral ImplicationsIn the wake of the coronavirus pandemic, operators with exposure to Macau continue struggling, as visits to the world’s largest gaming center remain slack, pinching gross gaming revenue (GGR) in the process.firekeepers casino near me