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is cool cat casino realFactors 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.(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.Key Philippine airports are bottlenecked, with six of the top 10 international airports currently operating above designed passenger terminal capacity and with the runway for the largest airport (Ninoy Aquino) already operating close to its maximum limit.viejas casino open todayThe agency additionally operates 34 smaller satellite gaming facilities.Frequent delays and cancellations, along with airports already serving more passengers than originally intended, are hindering foreign high rollers from wanting to travel to the Philippines to gamble.Moody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.roulette casino jeu pechanga casino buffetslot casino linesNinoy Aquino International Airport is Manila’s main air hub.Revenue Strong, Could Be BetterNomura believes the airports are holding back VIP play, but the gaming industry in the Philippines is still enjoying a prosperous year.But Nomura says the vast majority of gaming still comes from locals, and blames the airports for that reality.gorilla chief 2 free slotsSpecifically, Nomura opines that better facilities would attract more affluent Chinese travelers, which in turn would lead to higher VIP play for casinos.Only Golden Nugget has posted a gain.”Nomura concluded that expanding existing airports, or building new ones, would lead to more quality visitors traveling to the country’s casino resorts.gold coast casino accom desert diamond casino west valley reviews7 feathers casino buffetThe 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.“The continued health of the domestic economy remains the key driver for the Philippine gaming industry, especially as the mass-market segment accounts for roughly 60 percent of total Philippine casino GGR,” the research continued.Billions of dollars have been invested in constructing luxury properties including Solaire, City of Dreams, and Okada Manila.But Nomura says the vast majority of gaming still comes from locals, and blames the airports for that reality.Billions of dollars have been invested in constructing luxury properties including Solaire, City of Dreams, and Okada Manila.While the two new Boardwalk casinos are growing gaming revenues, they’re also poaching from existing properties.paragon casino resort marksville peppermill casino hours |