Moody's says Great Canadian's GTA bundle win in Ontario is credit positive
Announcement: Moody's says Great Canadian's GTA bundle win in Ontario is credit positive. Global Credit Research- 08 Aug 2017. Toronto, August 08, 2017-- Moody's Investors Service commented that Great Canadian Gaming Corporation's win of the Ontario Lottery and Gaming Corporation's Greater Toronto Area Gaming Bundle is credit positive but has no impact on the company's Ba3 rating and positive outlook.Great Canadian Gaming is a multi-jurisdictional gaming and entertainment operator with operations in British Columbia, Ontario and Nova Scotia, Canada and Washington State, the United States. Co. operates ten casinos, a thoroughbred racetrack that offers slot machines, three standardbred racetracks (two offer slot machines and one offers both slot machines and table games), two community gaming centers, a hotel and conference center, two show theatres, and various associated food and beverage and entertainment facilities. Co. operates in one industry segment, the gaming industry. Co. conducts its businesses in two geographic segments: Canada and the United States.
Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:
- 130 countries
11,000 corporate issuers
21,000 public finance issuers
76,000 structured finance obligations
Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.
Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.