0lg online casino”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.148 billion, which is a 5.The upgrade “reflects the material progress made by city in collaboration with the state, most notably the tax appeal settlements and budgetary improvements.island resort and casino smokingA flight from Shanghai, China4 percent increase on 2017.Moody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.casino quality poker set

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harrah s cherokee casino mabageMoody’s adds that the city’s recent tax dispute settlements, as well as the continued “strong oversight by the State of New Jersey,” were the driving rationale behind the credit modification.(Image: Marianne Bermudez/Inquirer)Japanese financial services firm Nomura Holdings says in a note this week that the aging airports in the Philippines are preventing more wealthy visitors from patronizing the country’s gaming resorts.While the two new Boardwalk casinos are growing gaming revenues, they’free online slots 7700re also poaching from existing properties.gold coast casino dancingCritical 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.Atlantic City’s long-term issuer credit rating is being upgraded by Moody’s Investors Services from Caa3 to B2.Moody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.gold coast casino suites

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no deposit bonus casino malaysia(Image: Hard Rock Atlantic City)Moody’s defines B2 as “being speculative and a high credit risk.The upgrade “reflects the material progress made by city in collaboration with the state, most notably the tax appeal settlements and budgetary improvements.The New Jersey Division of Gaming Enforcement reports that six of the seven casinos in business prior to Hard Rock and Ocean Resort have all won less money through three quarters of 2018 than they did in 2017.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.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.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.encore casino promo code