Paragon Casino Opening hers. Of interest to fixed income investors considering the gaming industry that are clinging to investment-grade marks, Moody’s says 88 percent of the 33 issues it lowered to junk for the first time carried “negative” outlooks prior to those downward revisions. Not All Bad NewsFor any company, gaming or otherwise, carrying high-yield bond ratings increases financing costs because if these firms tap debt markets, investors demand higher interest payments for what they perceive as elevated risk. downstream casino lunch buffet However, in the COVID-19 climate, the Federal Reserve is backstopping the junk bond market, restoring investors’ faith in the asset class while pushing the yield on the Markit iBoxx USD Liquid High Yield Index down to 4. 42 percent. Install Free Casino Slot Games Epve Specific to the gaming industry, companies aren’t having issues raising capital even as the pandemic punishes profits. Whether it’s selling bonds, tapping credit revolvers, or issuing new equity, casino operators, gaming real estate firms, device makers, and sportsbook operators are finding receptive audiences in the investment community for their capital-raising efforts.

Underscoring that point is the fact that the bulk of the cash raised by gaming entities occurred while US casinos were shut down, confirming investors are willing to roll the dice — as long as they’re compensated for the risk — on the industry bouncing back. restaurants in the bellagio casino las vegas free casino slots aristocrat Tony Rodio led the former Caesars Entertainment corporation through its . 3 billion merger with Eldoradthunder valley casino phone numbero Resorts. brian christopher slot youtube turtle lake casino hotel wi Now, the gaming executive is leading the newly formed group’s efforts to win approval to build a casino resort in Danville, Va. Former Caesars CEO Tony Rodio (far left) celebrates with Wayne Newton at the reopening of Caesars Palace. Gambler Ben Laparne was the first casino guest to roll the dice on June 4. (Image: Denise Truscello/Caesars Entertainment)It became official last week that voters in Danville will be asked during the November 2020 election whether they wish to authorize a commercial casino establishment in their city. valley forge casino convention center

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Danville Circuit Court Judge Joseph Milam issued the ballot referendum order after the Danville City Council voted in favor of the action. Rodio — who was replaced by former Eldorado Resorts CEO Tom Reeg following the merger of the casino companies — is now leading the new Caesars Entertainment push to expand into Virginia. This week, he unveiled Caesars for Danville, a campaign that hopes to convince area voters to approve the casino resort. jamul casino sd.com desert diamond casino 9431 w northern ave The campaign is led by Rodio and four committee co-chairs, including Virginia Delegate Danny Marshville (R-Danville), Danville Mayor Alonzo Jones, Averett University President Dr. borgata casino twitter Tiffany Franks, and Tammy Wright-Warren, a minority investor in the project. chinook winds casino arcade Turtle Lake Casino King Crab Buffet Jyzm Casino CampaignVirginia Gov. coolcat casino bonus codes 2021 Ralph Northam (D) signed legislation in April that allows cities to seek approval from their residents regarding a casino.

The bill is designed as an economic driver for downtrodden towns. xtra hot free online slots Danville isthunder valley casino phone number one of the five qualifying cities. soaring eagle casino floor map But to move forward with a casino, voters must first lend their support. best instant withdrawal casino Only a simple majority backing is needed. downstream casino inside Cliff Castle Casino Arizona Cqlz Rodio says the Caesars for Danville campaign will use traditional media advertising and social media to get their word out. free online poker hud Ruby Slots No Rules Bonus 2021 Tput The group also plans to hold events with local residents, whether in-person, should the coronavirus permit, or virtually. Caesars plans to spend 0 million to build a casino resort on the former site of Dan River Mills’ Schoolfield Division.

The project would include a 300-room four-star hotel, multiple restaurants and bars, 35,000 square feet of convention space, 2,500-seat entertainment venue, spa, and casino with slot machines, table games, poker room, and sportsbook. Hyping BenefitsCaesars Entertainment is telling Danville residents that the development will provide tens of millions of dollars in new tax revenue for the city. It would also bring 900 construction jobs, and 1,300 permanent positions.