twin river casino dThe outlook remains positive,” Moody’s declared.Total gross gaming revenue (GGR) from land-based casinos, online, and sports betting through September is at .Critical Months AheadAtlantic City is coming off its best summer in years, as the June openings of Hard Rock and Ocean Resort generated excitement the beachfront town hasn’t seen in a decade.lucky creek casino sister casinos”Atlantic City remains under state control.Other issues that could reverse this week’s upgrade is if the town fails to develop and adopt more fiscally sound budget plans, further strains its finances, defaults on debt obligations, or withdrawals from the state’s oversight.” On pace for its third consecutive year of gross gaming revenue growth, and the introduction of two new casinos, and Moody’s is upgrading the credit rating for Atlantic City.doubledown casino cheats

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gold coast casino all you can eatThe upgrade “reflects the material progress made by city in collaboration with the state, most notably the tax appeal settlements and budgetary improvements.(Image: Hard Rock Atlantic City)Moody’s defines B2 as “being speculative and a high credit risk.Critical Months AheadAtlantic City is coming off its best summer in years, as the June openings of Hard Rock and Ocean Resort generated excitement the beachfront town hasn’t seen in a decade.santa ana casino resort albuquerqueAtlantic City’s long-term issuer credit rating is being upgraded by Moody’s Investors Services from Caa3 to B2.While the two new Boardwalk casinos are growing gaming revenues, they’boulder station casino las vegas nevadare also poaching from existing properties.Moody’s adds that the city’s recent tax dispute settlements, as well as the continued “strong oversight by the State of New Jersey,” were the driving rationale behind the credit modification.gold coast casino mabage

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miami club casino sign upGGRAsia, a media outlet focused on Asian gaming markets, was first to relay the outlboulder station casino las vegas nevadaook.While the two new Boardwalk casinos are growing gaming revenues, they’boulder station casino las vegas nevadare also poaching from existing properties.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.Through September, GGR is down at Borgata, Bally’s, Caesars, Harrah’s, Resorts, and Tropicana.” But that’s better than Caa3, which is described as “poor quality and very high credit risk.jamul casino host