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Online gaming in NJ is credit-positive for Borgata, Caesars
February 27, 2013 / 7:16 PM / in 5 years

Online gaming in NJ is credit-positive for Borgata, Caesars

Feb 27 (Reuters) - Fitch Ratings said on Wednesday that New Jersey’s legalization of online gaming was a credit positive for Borgata Hotel Casino & Spa and Caesars Entertainment Corp. .

Fitch rates Borgata’s issuer default rating a B-minus with a stable outlook. It rates Caesar’s IDR a CCC with a negative outlook.

Marina District Finance Co. is the issuing entity for the Borgata, which is owned by Boyd Gaming Corp. .

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