riverwind casino goldsby oklahomaS&P took a dubious label off the operator’s credit grade today.As Bain notes, California accounted for a quarter of all US jobless claims in the last week of August.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.free slot video machinesFrom the nadir in the third month of the year, Penn stock is up a staggering 1,719.But there are issues, there, too.Regional 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.legit online casino no deposit bonus

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cache creek casino rv parkGood news continues piling up for Penn National Gaming (NASDAQ:PENN) investors, as Standard & Poor’s (S&P) removed the casino operator’s debt from the “CreditWatch Negative” group.“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.S&P and rival credit firms punished Penn’s rating in March, just as the stock was starting to rebound from its coronavirus lows.el dorado casino reno restaurantsAs Bain notes, California accounted for a quarter of all US jobless claims in the last week of August.But its 39 other venues are primarily in regional, not destination markets.Following the coronavirus reopening, many regional operators got leaner, trimming headcount and abandoning less profitable offerings while boosting margins to Wall Street’s liking.turtle lake casino campground

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casino roulette wheel simulatorWhile 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.However, despite the fact that S&P’s note hit the wires on the same day that the Barstool Sportsbook app launched in Pennsylvania, the ratings agency makes no mention of any of those topics.Only recently have there been most signs of a pickup in visits.Without a coronavirus vaccine readily available, many tourists that need to fly to Las Vegas are saying “No, thanks.Regional 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.”An Interesting OmissionThese days, most conversations about Penn stock revolve around one or all of the following factors: iGaming, sports betting and the company’s 36 percent stake in Barstool Sports.oxford casino ox pub menu