clearwater casino to bainbridge ferry(Image: CNBC)Battered by casino closures across the US at the hands of the coronavirus, Penn National and other regional gaming stocks are being drubbed this month.Doing The Right ThingWynn is among the operators that will pay employees over the course of a governor-mandated 30-day closure of Nevada casinos.Penn National Gaming (NASDAQ:PENN) is extending a jaw-dropping run that has seen the embattled gaming stock more than triple off its 52-week low notched last week, even as Moody’s Investors Service lowered the operator’s credit rating deeper into junk territory.free slots davinci diamonds“Penn’s B1 CFR reflects the meaningful earnings decline over the next few months expected from efforts to contain the coronavirus and the potential for a slow recovery once properties re-open,” said the research firm.The move is the latest in a series of downgrades or warnings that such actions are coming by from ratings agencies on gaming companies.org.the online gambling market

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fanduel casino online56 percent, and 34.Cash ConsiderationsWith a zero revenue environment setting in for gaming companies, Wall Street is growing concerned about the cash positions of operators and their respective survival timelines.Doing The Right ThingWynn is among the operators that will pay employees over the course of a governor-mandated 30-day closure of Nevada casinos.easiest bovada casino game”Moody’s lowered the operator’s credit rating to B1 from Ba3 with a negative outlook.Penn National Gaming (NASDAQ:PENN) is extending a jaw-dropping run that has seen the embattled gaming stock more than triple off its 52-week low notched last week, even as Moody’s Investors Service lowered the operator’s credit rating deeper into junk territory.Even with its recent rally, Penn remains one of the most battered regional gaming stocks.slotomania free games

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download royal ace casinoorg.“Penn’s B1 CFR reflects the meaningful earnings decline over the next few months expected from efforts to contain the coronavirus and the potential for a slow recovery once properties re-open,” said the research firm.“The rating also reflects Penn’s high leverage along with longer-term fundamental challenges facing Penn and other regional gaming companies related to consumer entertainment preferences and US population demographics that Moody’s believes will continue to move in a direction that does not favor traditional casino-style gaming.Still, Penn and its rivals are dealing with unprecedented macroeconomic tremors.Ominous OutlookMoody’s new rating of B1 on Penn is considered speculative and bonds with that mark are judged peppermill casino hoststo be of “high credit risk.” That grade is the fourth-lowest in non-investment grade territory on the Moody’s scale.oxford casino dining