slot freebies cashman casinoLas Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Wynn Resorts (NASDAQ: WYNN) – three of the largest operators in Macau – could contend with credit headwinds in the wake of the casino closures there, says Moody’s Investors Service.org.Heard it BeforeConcerns about Wynn’s corporate credit rating on the back of the novel coronavirus aren’t new.doubledown casino onlineMoody’s rates LVS debt Baa3, an investment-grade mark that implies moderate credit risk.The facilities are additionally allowed to include sports betting lounges.The research firm has Ba3 grades on MGM and Wynn, meaning those bonds have “speculative elements and are subject to substantial credit risk.hard rock casino free play

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black bear casino easter buffet(Image: Wall Street Journal)Because of the spreading of the new coronavirus, Macau Chief Executive Ho Iat Seng on Tuesday said the peninsula’s gaming properties will be closed 15 days.“All three companies have a significant level of consolidated cash resources, free cash flow prospects, and other forms of liquidity that can help these companies aclearwater casino diningbsorb a near-term hit to their Macau operations without impairing their respective credit profiles,” said the ratings agency.At least one executive has already said it’s possible the peninsula’s venues remain shuttered longer than 15 days.mountaineer casino wiki”Moody’s is more sanguine in its outlook, saying that despite the 15-day casino closure policy, there will not be any impact to the ratings of LVS, MGM, and Wynn at this time.”Other FactorsOver the near-term, perhaps the most crucial issue facing Macau’s gaming industry is just how long the closures will last.org.cashman casino hack mod apk

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santa ana casino promotions“On 3 February, Hong Kong’s Chief Executive Carrie Lam Cheng Yuet-ngor announced the closure of all but two border crossings with mainland China to shut out the coronavirus, with just the Shenzhen Bay joint checkpoint and Hong Kong-Zhuhai-Macau Bridge remaining open.At least one executive has already said it’s possible the peninsula’s venues remain shuttered longer than 15 days.“All three companies have a significant level of consolidated cash resources, free cash flow prospects, and other forms of liquidity that can help these companies aclearwater casino diningbsorb a near-term hit to their Macau operations without impairing their respective credit profiles,” said the ratings agency.It’s likely that analysts will press executives for some clarity on the coronavirus situation.Wynn Resorts has the highest relative exposure of the three to the Macau region,” said the research firm in a note obtained by Casino.Moody’s rates LVS debt Baa3, an investment-grade mark that implies moderate credit risk.morongo casino kid friendly