free online slots for ipadAtlantic City’s long-term issuer credit rating is being upgraded by Moody’s Investors Services from Caa3 to B2.The outlook remains positive,” Moody’s declared.” 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.what tribe owns desert diamond casino”The financial services firm says the reason for its upgrade is due to a strengthening gamijamul casino eventsng industry that saw two new casino resorts open this summer.“ DSF operations “continued good customer acquisition and New Jersey player activity levels [were] performing in line with national trends,” PPB said.Internet betting handle in New Jersey was 40 percent higher than the retail operation, it said.aliante casino facebook

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paragon casino front deskMoody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.” But that’s better than Caa3, which is described as “poor quality and very high credit risk.Total gross gaming revenue (GGR) from land-based casinos, online, and sports betting through September is at .is caesars casino openCrucially, though, there was “no indication of cannibalization” of DFS revenues since the advent of sports betting.Moody’s adds that the city’s recent tax dispute settlements, as well as the continued “strong oversight by the State of New Jersey,” were the driving rationale behind the credit modification.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.slot10 casino

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desert diamond casino west valley reviewsMoody’s adds that the city’s recent tax dispute settlements, as well as the continued “strong oversight by the State of New Jersey,” were the driving rationale behind the credit modification.No Cannibalization of DFSPPB acquired FanDuel in July, shortly after the US Supreme Court overturned the federal ban on state-sanctioned sports betting paving the way for the liberalization of the US market.While that’s good news for the region, the new classification is a mark that still ranks below “investment grade.” But that’s better than Caa3, which is described as “poor quality and very high credit risk..Despite the success of the sports book at Meadowlands, the company believes the key US market opportunity is online.foxwoods resort casino news