valley forge casino contact numberAtlantic City’s long-term issuer credit rating is being upgraded by Moody’s Investors Services from Caa3 to B2.While that’s good news for the region, the new classification is a mark that still ranks below “investment grade.”The financial services firm says the reason for its upgrade is due to a strengthening gaming industry that saw two new casino resorts open this summer.chinook winds casino front deskMoody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.”Future FactorsIn its ratings release, Moody’s pointed to a host of factors that could lead to either another upgrade during its next review, or a downgrade.Frequent delays and cancellations, along with airports already serving more passengers than originally intended, are hindering foreign high rollers from wanting to travel to the Philippines to gamble.slot machine quebec casino

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black bear casino.com”Future FactorsIn its ratings release, Moody’s pointed to a host of factors that could lead to either another upgrade during its next review, or a downgrade.Moody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.Only Golden Nugget has posted a gain.casino near me tennebee4 percent increase on 2017.”Atlantic City remains under state control.Casinos in the Philippines would benefit with more resilient VIP high roller play if the country invested in improving its airport facilities, a research note opines this week.island view casino ms

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borgata casino eventsFactors that could lead to an upgrade include:Improved liquidityFurther reductions in expendituresDiversification of the economic baseMaterial improvement in tax base and resident wealth and incomeImprovement in the State of New Jersey’s ratingOn the contrary, if the gaming industry fails to support the nine casinos and one or more closes over the next year, Moody’s could downgrade its Atlantic City credit rating.Through September, GGR is down at Borgata, Bally’s, Caesars, Harrah’s, Resorts, and Tropicana.Moody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.“The Philippine gaming industry is still mostly driven by the ‘grind’ market, but improving Philippine-China relations and the possible resolution of airport bottlenecks could translate to a major bump-up in VIP business,” Nomura stated.(Image: Hard Rock Atlantic City)Moody’s defines B2 as “being speculative and a high credit risk.Moody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.resorts casino online phone number