turtle lake casino seafood nightFitch Ratings has downgraded approximately 5 million worth of bonds issued by the New Jersey Casino Reinvestment Development Authority (CRDA).“Adding to its Strip revenue from local play, revenue generation from locals would be ~85 percent of the total.25 million.borgata casino buffetAssuming Caesars Entertainment is successful in acquiring William Hill, the British bookmaker is obligated to pay Golden million upon closing of that transaction, according to the Roth analyst.Shares of Golden are down 33 percent year-to-date, but higher by 286.”Prior to Allen’s call, the last two analyst rating actions on Wynn stock were downgrades.hallmark casino mobi

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caesar casino vegasAlong those lines, there’s also chatter that a win by Biden will ease the concession renewal process for US-based Macau operators, potentially eliminating the specter of new fees and penalties or the risk that licenses won’t be renewed at all.He notes it’s possible the stock could climb to 5, more than double current levels if 2022 EBITDA comes in at or tops .Electoral ImplicationsIn the wake of the coronavirus pandemic, operators with exposure to Macau continue struggling, as visits to the world’s largest gaming center remain slack, pinching gross gaming revenue (GGR) in the process.coushatta casino daycare(Image: Bloomberg)The bank raised its rating on shares of the Encore opis sam s town casino open todayerator to “overweight” from “equal-weight,” while lifting its price target on the name to from , implying upside of 29 percent from last Friday’s close.That’s slightly ahead of the average Wall Street forecast of about .As such, in advance of tomorrow’s US elections, some gaming analysts are saying a victory by former Vice President and Democratic nominee Joe Biden will benefit Macau operators, including Wynn.winstar world casino table games

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island view casino gulfport mibibippi phone numberWe upgrade Wynn as we see 1) an upcoming operating inflection with further upside post-COVID, 2) overblown concerns about Macau high-end, & 3) a positive catalyst if Biden wins, all at an attractive valuation,” according to Morgan Stanley.25 million.The bank anoints Wynn stock as its new favored cyclical idea.“Adding to its Strip revenue from local play, revenue generation from locals would be ~85 percent of the total.”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 v“We would expect to see Wynn stock re-rate if Biden wins the presidency.hard rock casino event center