seminole casino wewokaWynn Resorts’ recent bond sale could be a big positive for other operators.On a standalone basis, casino companies account for 6.Several states with previously high marks saw their grades lower.fanduel disable casino4 years should property closures last longer than expected.Earlier Friday, the Massachusetts Department of Public Health reported 70 coronavirus deaths on Thursday, bringing the state’s total to 503.Americans are becoming restless.foxwoods resort casino hotel

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black hawk casino packagesWynn Resorts’ recent bond sale could be a big positive for other operators.With the industry under duress caused by the coronavirus outbreak, creditors will likely demand added compensation for what they perceive to be elevated risk.Second, some analysts view the sale as confirmation that gaming companies can access capital even as the COVID-19 pandemic is forcing temporary property closures around the world, bringing with it a zero-revenue environment for operators.firekeepers casino concerts 2021“It doesn’t surprise us that Wynn Resorts was the first deal out of the gate as a well-known seasoned issuer with a long history of timely and successful capital-markets activity.Nearly half of that capital has been drawn by consumer discretionary companies – the sector in which gaming operators reside.For its part, the Encore Boston Harbor operator drewdown an 0 million revolver to bolster its liquidity position.las atlantis casino bonus codes

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mountaineer casino spaOther Avenues For CashOver the past month, gaming companies, including Caesars Entertainment Corp.For example, one credit rater graded Wynn’s latest sale at B1, which is deep into junk territory, meaning a higher coupon for investors.This is a significant milestone for the industry, as it represents the availability of capital even in this bellagio casino floorenvironment, at least for some issuers,” said Union Gaming analyst John DeCree in a note to clients.With Wynn being successful in its latest bond sales, DeCree says rivals could soon test the waters, too.4 years should property closures last longer than expected.The rub is at what terms casino companies will have to issue bonds, should they choose that avenue to raise capital.gold coast casino bingo schedule