The Daily Gazette
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Moody’s down on gaming

Negative rating comes with casinos on way

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Moody’s Investors Service has downgraded its outlook on the country’s gaming industry from stable to negative as New York prepares to establish full-scale casinos upstate. According to a report by Moody’s last week, the industry was marked with a negative outlook due to recent declines in monthly gaming revenue outside Nevada. “The fact regional gaming revenues excluding Nevada remained flat, despite further improvement in the economy and additional regional casinos throughout the U.S., is a ...

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