(Reuters) – Atlantic City, New Jersey’s distressed gambling hub, had its credit rating cut four notches deeper into junk territory on Friday on the likelihood of a debt default in the next six months. Standard & Poor’s Ratings Services issued the super-downgrade of the city’s bonds, to ‘CCC-‘ from ‘B,’ because a default or distressed…
Atlantic City, New Jersey’s distressed gambling hub, had its credit rating cut four notches deeper into junk territory on Friday on the likelihood of a debt default in the next six months. Standard & Poor’s Ratings Services issued the super-downgrade of the city’s bonds, to ‘CCC-‘ from ‘B,’ because a default or distressed exchange or…
Why Government Should Not Regulate The App Market by Iain Murray, Foundation For Economic Education Guys and Dolls and Apps and Regulators In Damon Runyons Broadway stories (and in the musical Guys and Dolls), a gambler named Nathan Detroit hosts New Yorks oldest established floating crap game, presaging three functions of todays app revolution.…
For Immediate Release Chicago, IL- January 21, 2016 – Today, Zacks Investment Ideas feature highlights Features: Wynn Resorts ( WYNN ), Las Vegas Sands ( LVS ), Boyd Gaming ( BYD ), Caesars ( CZR ) and Isle of Capri ( ISLE ). Place Your Bets on These Casino Stocks Pre-Q4 Earnings Casinos Set to…
Reutersven Ragnar Astrom of Sweden pulls in his chips after winning the World Poker Tour Venice event at Casino di Venezia in Venice May 10, 2009. See Also The US Desperately Needs To Regulate The Online Poker Market Casino Mogul’s Comment Should Infuriate Every Serious Poker Player The World’s Richest Casino Exec Opposes Online Gambling…
PROVIDENCE, R.I. (WPRI) After years working the dangerous streets of Washington D.C. as a police officer and before that, a U.S. Marine Gregory Adams decided to take a job in a sleepy town 30 miles outside of Pittsburgh. For seven years in the 1970s, Adams worked as one of just two cops in Saxonburg, Pa.,…
As we eagerly countdown the days to the mother-ship of all countdowns: triple js Hottest 100, Australias seminal youth radio station has hit out at betting agencies for trying to cash in on the worlds largest music poll. The station criticised betting agencies like Tom Waterhouse, Luxbet, Sportsbet and British gambling giant, Ladbrokes for targeting their…
It is an accepted article of faith that politicians can read and sense the pulse of people better than anyone else. If Prime Minister Narendra Modi and the finance minister were to get a whiff of the current mood of the nation, they would realise it has dramatically changed in the last 18 months. On…
Atlantic City is considering a bankruptcy filing after New Jersey Governor Chris Christie vetoed legislation aimed at shoring up the finances of the distressed casino resort. Mayor Don Guardian said he expects to call an emergency meeting for next week to discuss the citys options. He and Council President Marty Small spoke to reporters in…
The correction on the ASX can be traced directly to Beijing. Photo: Bloomberg Unlike nearly every other advanced economy during the past 25 years, Australia has not had a recession. Not since the short, sharp Keating recession of 1990-91. Our defences against a recession are now threadbare, in large part because the protection provided by…
