2025.10.09
vegas casino wynn“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.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.But there are issues, there, too.the nearest casino in north carolinaThat’s a negative at a time when the Golden State economy is still reeling from the effects of the pandemic.Bain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.5x next year, which is pivotal because that threshold, if topped, could trigger a debt downgrade.big fish casino support no download blackjackseven feathers casino to grants pabBut its 39 other venues are primarily in regional, not destination markets.In the largest US gaming center, Penn operates the Tropicana and the M Resort.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.hyatt north lake tahoe casinoRegional 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.Rather, the research firm focused on margins and Penn’s ability to meet lease obligati” That increases the importais hard rock casino tulsa pet friendlynce of drive-in traffic from neighboring states, namely California.how casino blackjack works caesar casino careersfree slots buffaloS&P took a dubious label off the operator’s credit grade today.The slots area at Penn National’s Hollywood Casino in Columbus, Ohio.5x next year, which is pivotal because that threshold, if topped, could trigger a debt downgrade.Without a coronavirus vaccine readily available, many tourists that need to fly to Las Vegas are saying “No, thanks.49 percent.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.sunset station hotel casino henderson nv usa cliff castle casino sports betting |