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encore casino sign inThe move is the latest in a series of downgrades or warnings that such actions are coming by from ratings agencies on gaming companies.“These efforts include mandates to close casinos on a temporary basis.” That grade is the fourth-lowest in non-investment grade territory on the Moody’s scale.santa ana casino promotions“The rating also reflects Penn’s high leverage along with longer-term fundamental challenges facing Penn and other regional gaming companies related to consumer entertainment preferences and US population demographics that Moody’s believes will continue to move in a direction that does not favor traditional casino-style gaming.“The gaming sector has been one of the sectors most significantly affected by the shock, given its sensitivity to consumer demand and sentiment,” said the ratings firm.The downgrade of Penn’s corporate family rating (CFR) is in response to the disruption in casino visitation resulting from efforts to contain the spread of the coronavirus, including recommendations from federal, state, and local governments to avoid gatherings and avoid non-essential travel,” said Moody’s in a note obtained by Casino.mgm springfield casino 24 hours

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