Grant Thornton Predicts Gaming Bankruptcies

Marino, Jonathan
November 2009
Mergers & Acquisitions Report;11/9/2009, Vol. 22 Issue 45, p1
The article stresses that gaming firms in the U.S. are predicted to file for bankruptcy as they contend against slowing revenues and margins, based on a study conducted by restructuring professionals of Grant Thornton LP in 2009. The report cited factors that will continue to worsen problems facing casinos, including the ongoing drag on consumption. The stated reason behind the decision of Standard & Poor's to reduce the credit rating of Holdings Gaming Borrower from B to a B- was potential inability to meet debt service payments.


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