2025.09.16
angel of the winds casino buffet menuAs Bain notes, California accounted for a quarter of all US jobless claims in the last week of August.Good news continues piling up for Penn National Gaming (NASDAQ:PENN) investors, as Standard & Poor’s (S&P) removed the casino operator’s debt from the “CreditWatch Negative” group.Rather, the research firm focused on margins and Penn’s ability to meet lease obligatitwin river casino employmentIn the largest US gaming center, Penn operates the Tropicana and the M Resort.(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.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 theseis hard rock casino tulsa pet friendly limits.captain jack casino 100 no deposit bonus codes chinook winds casino free rv parkingcasino near me washingtonNot Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, and the Encore, will account for 22 percent of 2022 EBITDA.The slots area at Penn National’s Hollywood Casino in Columbus, Ohio.Regional Promise, Improving MarginsLike so many research firms, S&P is enthusiastic about Penn’s status as a regional gaming company with reduced exposure to the Las Vegas Strip.hard rock casino employee benefitsWhile S&P pulled that dubious distinction from Penn, the research firm reiterates a “B” rating — deep into junk territory — with a “negative” outlook on the operator’s debt.S&P and rival credit firms punished Penn’s rating in March, just as the stock was starting to rebound from its coronavirus lows.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, and the Encore, will account for 22 percent of 2022 EBITDA.online gambling delaware pechanga casino 18 and overlucky creek casino sister casinosBut 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.Rather, the research firm focused on margins and Penn’s ability to meet lease obligati5x next year, which is pivotal because that threshold, if topped, could trigger a debt downgrade.As Bain notes, California accounted for a quarter of all US jobless claims in the last week of August.Not Loving Las Vegas, EitherThe analyst forecasts Las Vegas, where Wynn owns its namesake integrated resort, and the Encore, will account for 22 percent of 2022 EBITDA.But its 39 other venues are primarily in regional, not destination markets.casino poker games online free cashman casino 2 million coins |