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seven feathers indian casino oregonOnly Golden Nugget has posted a gain.” 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.Factors that could lead to an upgrade include:Improved liquidityFurther reductions in expendituresDiversification of the economic baseMaterial improvement in tax base and resident wealth and incomeImprovement in the State of New Jersey’s ratingOn the contrary, if the gaming industry fails to support the nine casinos and one or more closes over the next year, Moody’s could downgrade its Atlantic City credit rating.poker casino karten”The financial services firm says the reason for its upgrade is due to a strengthening gaming industry that saw two new casino resorts open this summer.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.The upgrade “reflects the material progress made by city in collaboration with the state, most notably the tax appeal settlements and budgetary improvements.wild casino complaints

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bellagio casino atlantic city”The financial services firm says the reason for its upgrade is due to a strengthening gaming industry that saw two new casino resorts open this summer.Factors that could lead to an upgrade include:Improved liquidityFurther reductions in expendituresDiversification of the economic baseMaterial improvement in tax base and resident wealth and incomeImprovement in the State of New Jersey’s ratingOn the contrary, if the gaming industry fails to support the nine casinos and one or more closes over the next year, Moody’s could downgrade its Atlantic City credit rating.Billions of dollars have been invested in constructing luxury properties including Solaire, City of Dreams, and Okada Manila.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.”Future FactorsIn its ratings release, Moody’s pointed to a host of factors that could lead to either another upgrade during its next review, or a downgrade.The upgrade “reflects the material progress made by city in collaboration with the state, most notably the tax appeal settlements and budgetary improvements.borgata online casino live chat