little river casino covid exposureWhile S&P pulled that dubious distinction from Penn, the research firm reiterates a “B” rating — deep into junk territory — with a “negative” outlook on the operator’s debt.But there are issues, there, too.But there are issues, there, too.admiral casino 50 free spinsThe service cited reopened properties and adequate lease coverage.Namely, Sin City is now highly dependent on leisure travel from neighboring California.But there are issues, there, too.seminole casino application

peppermill casino hot august nights

coushatta casino hotelAs Bain notes, California accounted for a quarter of all US jobless claims in the last week of August.However, despite the fact that S&P’s note hit the wires on the same day that the Barstool Sportsbook app launched in Pennsylvania, the ratings agency makes no mention of any of those topics.Following the coronavirus reopening, many regional operators got leaner, trimming headcount and abandoning less profitable offerings while boosting margins to Wall Street’s liking.online casino 200 no deposit bonusBut Bain sees risks by way of a lack of liquidity among high-end players, new room supply coming to market, and a dearth of Hong Kong dollars flowing into the gaming hub because travel remains limited between the two SARs.Bain added that Wynn has less exposure to the Cotai Strip than rivals Las Vegas Sands (NYSE:LVS) and Melco Resorts & Entertainment (NASDAQ:MLCO), a relevant point because border expansions and new capacity could drive traffic to that area of Macau.Good news continues piling up for Penn National Gaming (NASDAQ:PENN) investors, as Standard & Poor’s (S&P) removed the casino operator’s debt from the “CreditWatch Negative” group.turtle lake casino pow wow

black oak casino recent winners

little nugget casino renoSome investors like Wynn stock due to Asia-Pacific exposure.Only recently have there been most signs of a pickup in visits.“Given the lack of domestic/international travel, lack of near/intermediate-term group and business events, the beginning of a long Las Vegas recovery is currently levered to California leisure traffic, which offers little visibility/reason for investor enthusiasm,” said Bain.Following the coronavirus reopening, many regional operators got leaner, trimming headcount and abandoning less profitable offerings while boosting margins to Wall Street’s liking.The research firm estimates the gaming company’s net leverage ratio will decline below 7.Namely, Sin City is now highly dependent on leisure travel from neighboring California.free slots keno cleopatra