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borgata casino online gambling”The downgrade of CRDA’s luxury tax revenue bonds to ‘BBB’ from ‘BBB+’ reflects the severity of pledged revenue declines in 2020, the likely slow trajectory of the recovery for casino and other entertainment activity in Atlantic City, and thus luxury tax receipts, and the resulting higher vthe US and China, would at least help mitigate the extreme bear case that WYNN’s concession would not be renewed,” the analyst said.BBB ratings indicate a low default risk, but “adverse business or economic conditions are more likely to impair this capacity.north lake tahoe casinos openThe bank anoints Wynn stock as its new favored cyclical idea.Shares of the Encore Boston Harbor operator are lower by almost 48 percent year-to-date but are up more than three percent with the help of the Morgan Stanley upgrade.That’s because the gaming company depends on Macau for 75 percent or more of its earnings before interest, taxes, depreciation and amortization (EBITDA) and revenue in normal quarters.seven feathers casino smoking

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