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island resort and casino campground“Ratings could be upgraded if the company’s facilities remain open and earnings recover such that consistent and comfortably positive free cash flow and sustained reinvestment flexibility is fully restored, and debt-to-EBITDA is sustained below 5.Up 104.“Ratings could be upgraded if the company’s facilities remain open and earnings recover such that consistent and comfortably positive free cash flow and sustained reinvestment flexibility is fully restored, and debt-to-EBITDA is sustained below 5.2 billion worth of unused Las Vegas real estate the company holds, or the upside that could be accrued if it wins a gaming route contract in Pennsylvania.Golden’s B3 rating is well into junk territory, though that’s the case for a slew of mid-sized and smaller casino operators.The Strat Las Vegas is pictured against the dark Las Vegas sky.daniel j tucker sycuan casino