virtual table games casinoGood 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.The service cited reopened properties and adequate lease coverage.But its 39 other venues are primarily in regional, not destination markets.resorts world casino updateS&P and rival credit firms punished Penn’s rating in March, just as the stock was starting to rebound from its coronavirus lows.Without a coronavirus vaccine readily available, many tourists that need to fly to Las Vegas are saying “No, thanks.But there are issues, there, too.coushatta casino fair

twin river casino hotel reservations

desert diamond casino glendale az winnersGood 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.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.5x next year, which is pivotal because that threshold, if topped, could trigger a debt downgrade.hollywood casino charles townRegional 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.“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.”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.poker w total casino

caesar casino closing

sunset station casino cafe menuBut there are issues, there, too.Without a coronavirus vaccine readily available, many tourists that need to fly to Las Vegas are saying “No, thanks.While 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.The service cited reopened properties and adequate lease coverage.Some investors like Wynn stock due to Asia-Pacific exposure.As Bain notes, California accounted for a quarter of all US jobless claims in the last week of August.peppermill casino hotel