s p casino and gaming indexStill, the aforementioned bond offering was well-timed and could serve to calm skittish investors, because the company recently said it’s Wynn Macau arm is still bleeding about .(Image: Reuters)First, the offering was upsized from 0 million, indicating demand for the notes was robust, even though corporate debt markets are under stress.Second, some analysts view the sale as confirmation that gaming companies can access capital even as the COVID-19 pandemic is forcing temporary property closures around the world, bringing with it a zero-revenue environment for operators.free online slots no deposit“There will likely be a number of gaming issuers that will need to test the markets in the coming weeks, and we suspect there will be demand at various chumba casino win lob statementlevels of risk,” said the analyst.For example, one credit rater graded Wynn’s latest sale at B1, which is deep into junk territory, meaning a higher coupon for investors.4 years should property closures last longer than expected.chumba casino promo codes

brian christopher slots atlantic city

chumba casino jackpotThis is a significant milestone for the industry, as it represents the availability of capital even in this chumba casino win lob statementenvironment, at least for some issuers,” said Union Gaming analyst John DeCree in a note to clients.(Image: EPA)The Unacast COVID-19 Social Distancing Scoreboard for the most recent data gives the country a nationwide “B” average.There are now nearly 19,000 confirmed cases of the respiratory illness in the Bay state after 2,151 were reported on April 9.silver oak casino free money no depositSince March 5, US companies have drawn 5 billion on credit facilities from 382 different lenders, according to S&P Global Market Intelligence.4 years should property closures last longer than expected.The rub is at what terms casino companies will have to issue bonds, should they choose that avenue to raise capital.santa ana casino club

lake tahoe casinos reopening

valley forge casino night clubWith the industry under duress caused by the coronavirus outbreak, creditors will likely demand added compensation for what they perceive to be elevated risk.For example, one credit rater graded Wynn’s latest sale at B1, which is deep into junk territory, meaning a higher coupon for investors.On a standalone basis, casino companies account for 6.Nearly half of that capital has been drawn by consumer discretionary companies – the sector in which gaming operators reside.With Wynn being successful in its latest bond sales, DeCree says rivals could soon test the waters, too.The latest social distancing report from a location data research firm reveals many states aren’t doing as well in staying home as they once were.golden nugget casino biloxi phone number