US Casino Sector Now In Uncharted Territory, Says Fitch

The US gaming industry saw a record number of debt defaults in 2008, with more to come this year, according to the latest research from analysts at Fitch Ratings. In a follow-up to an earlier assessment which predicted that the industry would have to prepare itself for “significant pressure” in 2009, the team at Fitch now argue there is a sharply increased likelihood of distressed asset sales as the year unfolds.

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