mgm casino and hotelBut its 39 other venues are primarily in regional, not destination markets.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.While 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.free slot machines buffaloWithout a coronavirus vaccine readily available, many tourists that need to fly to Las Vegas are saying “No, thanks.The slots area at Penn National’s Hollywood Casino in Columbus, Ohio.Some investors like Wynn stock due to Asia-Pacific exposure.coushatta casino smoking

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is mountaineer casino pet friendlyOnly recently have there been most signs of a pickup in visits.“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.But there are issues, there, too.cache creek casino events(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.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.Following the coronavirus reopening, many regional operators got leaner, trimming headcount and abandoning less profitable offerings while boosting margins to Wall Street’s liking.resorts world casino kiamesha lake

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kansas star casino covidFrom the nadir in the third month of the year, Penn stock is up a staggering 1,719.That move could be pricing in upcoming improvements in earnings before interest, taxes, depreciation and amortization (EBITDA).The service cited reopened properties and adequate lease coverage.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.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.nearest casino to pensacola florida