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tachi palace casino logoStandard & Poor’s (S&P) has trimmed its credit rating on Asian gaming giant Genting Berhad, saying business will remain slow in some of the operator’s crucial markets following the coronavirus pandemic.Currently, Genting and Las Vegas Sands, the operator of Marina Bay Sands, have limited visibility on when the two Singaporean integrated resorts will reopen.These will translate into a weaker performance in 2020 and a longer recovery path than we expected.Las Vegas ConcernsNevada casinos are scheduled to reopen on June 4, but not all Strip venues are coming back online on that date.Restaurants are included in phase two, but Singaporean officials say venues that are deemed higher risk, including casinos and movie theaters, will require more reopening discussion.That’s one of the company’s marquee properties, and was the first of the two casinos there to close during the pandemic.food at borgata casino

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