Tag Archives: Moodys
China – Moody’s gives 2024 timeline for Macau’s full recovery
Moody’s Investors Service, believes Macau’s economy could rebound back to pre-Covid-19 levels by 2024. Analysts there said that although the SAR’s economy has been seriously hit by the Covid-19 pandemic, Macau maintains strong sovereign finances and fiscal reserves will allow it to deploy them to support the population. Moody’s said: “The growth volatility of Macao’s…
US – Moody’s upgrades Scientific Games following signs of recovery
Moody’s Investors Service has upgraded its outlook on Scientific Games from negative to stable following signs of recovery and the reopening of more casinos. Moody’s said: “The outlook change also reflects the company’s good cost discipline and more resilient lottery business. These factors, along with a pullback in capex, enabled the company to generate over…
Greece – Moody’s warns of potential default by Mohegan Gaming
Moody’s Investors Service believes that Mohegan Gaming & Entertainment, the Connecticut-based casino group who won the license for an E8bn casino at the former Hellenikon International Airport in Greece, is at risk of default. Earlier this month, Mohegan missed a $19.7m interest payment with the operator claiming it didn’t make the payment as it is…
US – Moody’s warns of default at del Lago Casino
Having struggled in its first 11 months to generate the GGR anticipated, the US$440m del Lago Resort & Casino in Upstate New York has seen Moody’s Investors Service slash its credit rating. With the likelihood now that the property will be $100m short of its estimated first year of earnings, Moody’s has downgraded from ‘stable…
