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el fenix winstar world casinoDFS operations.Total gross gaming revenue (GGR) from land-based casinos, online, and sports betting through September is at .Moody’s adds that the city’s recent tax dispute settlements, as well as the continued “strong oversight by the State of New Jersey,” were the driving rationale behind the credit modification.borgata online casino gamesCritical Months AheadAtlantic City is coming off its best summer in years, as the June openings of Hard Rock and Ocean Resort generated excitement the beachfront town hasn’t seen in a decade.It wanted a strong, recognizable brand with which toaliante casino gym launch its assault on the market, as well as FanDuel’s existing extensive DFS customer database.”The financial services firm says the reason for its upgrade is due to a strengthening gamialiante casino gymng industry that saw two new casino resorts open this summer.mgm casino vietnam wild horse pab casino bingo timescache creek casino outage(Image: Hard Rock Atlantic City)Moody’s defines B2 as “being speculative and a high credit risk.Moody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.Moody’s adds that the city’s recent tax dispute settlements, as well as the continued “strong oversight by the State of New Jersey,” were the driving rationale behind the credit modification.big m casino blackjackTotal gross gaming revenue (GGR) from land-based casinos, online, and sports betting through September is at .Other issues that could reverse this week’s upgrade is if the town fails to develop and adopt more fiscally sound budget plans, further strains its finances, defaults aliante casino gymon debt obligations, or withdrawals from the state’s oversight.The upgrade “reflects the material progress made by city in collaboration with the state, most notably the tax appeal settlements and budgetary improvements.table games at grand victoria casino new buffalo four winds casinocache creek or thunder valley casinoCrucially, though, there was “no indication of cannibalization” of DFS revenues since the advent of sports betting.(Image: Hard Rock Atlantic City)Moody’s defines B2 as “being speculative and a high credit risk.The outlook remains positive,” Moody’s declared.148Moody’s says should New Jersey itself see a downgrade, that too would likely result in a downgrade for Atlantic City.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.the red stag casino thunder valley casino hotels nearby |