lake tahoe casino vacation packagesAtlantic City’s long-term issuer credit rating is being upgraded by Moody’s Investors Services from Caa3 to B2.(Image: Hard Rock Atlantic City)Moody’s defines B2 as “being speculative and a high credit risk.Crucially, though, there was “no indication of cannibalization” of DFS revenues since the advent of sports betting.casinos in ohioDespite the success of the sports book at Meadowlands, the company believes the key US market opportunity is online.148Meanwhile, as part of the New York metropolitan area, the book is situated within the largest urban landmass in the world and the most populous area of the US.silver oak casino withdrawal reviews

7 live asia casino

downstream casino resort zoominfo5 million in bets per day in October, making it “one of the biggest sports betting outlets in the world.“[The sportsbook’s] performance reflects the property’s prominent location, … customer proposition and the strength of the FanDuel brand,” said PPB.5 Million Per DaySince its launch in July — or, more accurately, since the start of the NFL in September — this has been a recipe for success for PPB.seneca niagara casino fireworks 2020The outlook remains positive,” Moody’s declared.5 million in bets per day in October, making it “one of the biggest sports betting outlets in the world.The next year couple of years are likely to be the sports book’s golden period, before New York State enacts laws to regulate sports wagering, as it will attempt to do next year.peppermill casino news

black oak casino family floor

casino near me truck parkingWhile 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.”Future FactorsIn its ratings release, Moody’s pointed to a host of factors that could lead to either another upgrade during its next review, or a downgrade.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.(Image: Hard Rock Atlantic City)Moody’s defines B2 as “being speculative and a high credit risk.”Atlantic City remains under state control.island view casino website