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sycuan casino jackpot winnersOf interest to fixed income investors considering the gaming industry that are clinging to investment-grade marks, Moody’s says 88 percent of the 33 issues it lowered to junk for the first time carried “negative” outlooks prior to those downward revisions.Now, the gaming executive is leading the newly formed group’s efforts to win approval to build a casino resort in Danville, Va.But to move forward with a casino, voters must first lend their support.For its part, Moody’s says it’s lowered ratings on 900 corporate debt issues across all sectors this year, with 797 of those bonds already residing in junk territory prior to the 2020 reduction.Not All Bad NewsFor any company, gaming or otherwise, carrying high-yield bond ratings increases financing costs because if these firms tap debt markets, investors demand higher interest payments for what they perceive as elevated risk.The campaign is led by Rodio and four committee co-chairs, including Virginia Delegate Danny Marshville (R-Danville), Danville Mayor Alonzo Jones, Averett University President Dr.angel of the winds casino opening date

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