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seminole casino smoke shop5 million operating profit last year, but after the installation of the credit wagering embargo, the company reported a 3 million “impairment charge,” an expense that is essentially a value reduction of the business that reduces net income. online poker kings casino Per Investopedia, an impairment charge is an “accounting principle that describes a permanent reduction in the value of a company’s asset.” Unlike other assets — machinery and equipment, for example, which depreciate over time — impairment charges are the result of a sudden market change.Although it has now begun to recede, more rain is expected on Tuesday night and the casino is likely to remain shuttered for several more days.For the well-being of our team members and guests, Horseshoe Southern Indiana will reopen once water levels have receded to a safe level.William Hill CEO Philip Bowcock has said its Aussie business takes substantially more bets via credit than many of its competitors.The reported offers for William Hill Australia are, not surprisingly, from some of its longtime foes.seminole casino miami