soaring eagle casino cyber questNamely, Sin City is now highly dependent on leisure travel from neighboring California.As Bain notes, California accounted for a quarter of all US jobless claims in the last week of August.” That increases the importabig dollar casino sister casinosnce of drive-in traffic from neighboring states, namely California.8 star casino slot5x next year, which is pivotal because that threshold, if topped, could trigger a debt downgrade.”An Interesting OmissionThese days, most conversations about Penn stock revolve around one or all of the following factors: iGaming, sports betting and the company’s 36 percent stake in Barstool Sports.S&P and rival credit firms punished Penn’s rating in March, just as the stock was starting to rebound from its coronavirus lows.download casino roulette wheel

twin river casino latest news

cashman casino walk of fameSome investors like Wynn stock due to Asia-Pacific exposure.But Bain sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.5x next year, which is pivotal because that threshold, if topped, could trigger a debt downgrade.peppermill casino heerlen(Image: Associated Press)Companies on the CreditWatch Negative list are often financially strained, frequently sport non-investment grade credit ratings, and are at risk of further downgrades.In the largest US gaming center, Penn operates the Tropicana and the M Resort.That’s a negative at a time when the Golden State economy is still reeling from the effects of the pandemic.south lake tahoe casinos reopening

quechan casino table games

poker casino manchesterThe research firm estimates the gaming company’s net leverage ratio will decline below 7.But there are issues, there, too.S&P took a dubious label off the operator’s credit grade today.The research firm adds that although Penn’s revenue could be crimped because it’s operating below capacity in many markets, that’s not a warning sign, because “We believe the historical peak utilization rates in many markets were below thesebig dollar casino sister casinos limits.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.49 percent.2 casino bonus