Emerging Ideas In Practical Vegas Solutions

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Details In Broken Down

Only Logical For OTBs and Mini-Casinos To Get In On PA Sports Betting

OTB’s, such as the Turf Club, would need the approval from the Horse Racing Commission but would not have to cough up the steep $10 million application fee. The Turf Club would be covered under Greenwood’s initial application fee for Parx Casino. It remains to be seen if other mini-casino or OTB operators will follow Greenwood’s path. Mount Airy Casino and Stadium Casino LLC did not return request for comment. Eric Schippers, senior vice president of Public Relations for Penn National said the possibility of petitioning the gaming commission to allow sports betting at their satellite casinos is a possibility still being discussed.

For the original version including any supplementary images or video, visit https://www.playpennsylvania.com/otb-mini-casino-sports-betting/

The Basics To Consider For Realistic Strategies

Bondholders face risky last bet at Casino owner

Rallye has 311 million euros of commercial paper outstanding which must be repaid over the next 100 days. Naouri, a former senior civil servant and banker, has a backup. Banks have committed 1.7 billion euros of credit facilities. But there's a catch. Most of this debt is secured - for every euro that Rallye borrows, it must put up 1.3 euros' worth of Casino shares. Based on the supermarket's current share price, Rallye would have to pledge its entire holding in Casino to meet bond maturities between now and March, according to Breakingviews estimates. It might not come to that. Casino plans to sell 1.5 billion euros of assets to pay down debt. And its share price may recover, easing pressure on Rallye. But the risk is that Rallye pledges its Casino shares to banks, and then fails. That would be a blessing for holders of shorter-dated debt who get repaid, and a bad day for those left at the table.

For the original version including any supplementary images or video, visit https://www.nasdaq.com/article/bondholders-face-risky-last-bet-at-casino-owner-20180906-00220

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