2025.09.17
island resort and casino bingoStandard & 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.“We foresee structural changes that could alter the attractiveness of Las Vegas as a gaming destination in the next 24 months,” said S&P.” The .borgata casino hostsSince the outbreak of COVID-19, analysts consistently said regional markets will bounce back faster than Las Vegas, and that Sin City could endure some seismic changes in travel and leisure tastes.Standard & 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.period set forth in the Omnibus Amendment and (iii) no tenant event of default occurring under any of the Caesars Leases during the compliance period set forth in the Omnibus Amendment,” according to Vici.the black hawk casino encore casino atlantic cityfour winds casino careers“As a result of the casino closures in connection with the COVID-19 pandemic, the Company has agreed to waive Century’s capital expenditure requirements for 2020 and defer to not later than December 31, 2021 certain other expenditures contemplated in connection with the underwriting of the acquired casino properties,” said Vici.” The .The COVID-19 pandemic is hitting the Genting group harder and longer than we anticipated,” said S&P in a research report.cliff castle casino roomsSingapore IssuesGenting operates Resorts World Sentosa, one of two integrated resorts in Singapore.Las Vegas ConcernsNevada casinos are scheduled to reopen on June 4, but not all Strip venues are coming back online on that date.(Image: NPR)Pennsylvania’s 12 brick-and-mortar casinos have been shuttered since March 16.peppermill reno casino floor fanduel casino emailblack hawk casino updateResorts World Las Vegas is on pace to open next year, but analysts are concerned 2020 desert diamond casino west valley 200about shifting travel tastes and Genting’s credit profile.Rivers Casin, Hard Rock International, JACK Entertainment, and Penn National Gaming.(Image: Las Vegas Review-Journal)The research firm lowered its rating on the Malaysian conglomerate to “BBB” from “BBB+”, while taking its grade on the Resorts World Las Vegas unit to “BBB-” from “BBB.“Several gloomy events have occurred since we revised the rating outlook on Genting to negative on March 11, 2020.Both were ordered to close by the government on April 7 and have been shuttered since then, as the city-state became one of Asia’s coronavirus hot spots with nearly 35,000 cases of the respiratory illness and 23 deaths.clearwater casino east wenatchee wa kansas star casino covid rules |