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boomtown casino promotionsLacking VisibilityCredit raters are proThe Nevada Gaming Control Board says 265 reported gross gaming revenue of million or more for the year.Bellagio operator MGM is staring down a possible credit downgrade, says Moody’s.paragon casino draft room” At “Ba3” on the Moody’s scale, the gaming company has the lowest of the three “Ba” ratings and is just one notch above “B” status – grades that carry high credit risk.They are hitting those companies with “negative” outlooks or both, as the industry grapples with a zero-revenue scenario, with no near-term end in sight.The confirmation of the company’s Ba3 corporate family rating (CFR) reflects MGM’s good liquidity, including sizable cash balances, aided by revolver drawdowns, and the ability to withstanfree online slots no download with bonus roundsd a meaningful but temporary cash burn from weakened operating performance and facility closures related to the coronavirus,” said Moody’s in a note obtained by Casino.little river casino pictures

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hollywood casino lazy river“The Small Business Administration today released revised regulatory guidelines that will allow additional small businesses that derive revenue from legal gaming to participate in the Paycheck Protection Program (PPP),” said American Gaming Association President Bill Miller.”Industry ResponseIn updated clarification issued today, the Treasury Department now says any business that had revenue from gambling exceeding million in 2019, and enterprises that made at least 50 percent of their income from gambling that same year, are ineligible for PPP money.Small casinos remain ineligible for coronavirus relief through the Small Business Administration’s Paycheck Protection Program (PPP), despite recent amendments from the US Treasury Department.But that confirmation came with a “negative” outlook, indicating the Mirage operator isn’t yet out of the woods when it comes to a downgrade.MGM Resorts International’s (NYSE:MGM) credit rating was confirmed at “Ba3” by Moody’s Investors Service.They are hitting those companies with “negative” outlooks or both, as the industry grapples with a zero-revenue scenario, with no near-term end in sight.santa ana hotel and casino nm