Moody’s Downgrades Bond Ratings of Casino Operators

On Friday, Moody’s Investors Service downgraded the bond ratings of three casino operators – Wynn Resorts Ltd., Fountainbleau, and Riviera Holdings – from ’stable’ to ‘negative’. A fourth gaming operator – Boyd Gaming Corp. – was placed…

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Poker lexicon:

TIGHT - [1] A style of play that entails playing fewer hands than average. Antonym: LOOSE. [2] A FULL HOUSE.
READ - To determine whether an opponent has a good, medium or bad hand by observing his personal behavior. An inexact science.
WALK - A pot won by the last blind when no one opens.
S&M - Sklansky & Malmuth. Generally refers to the ideas and algorithms published by these two authors. When used in a 7-card stud context, often refers to "7 Card Stud For Advanced Players", and when used in a Hold'em context, often refers to "Texas Hold'em For Advanced Players".
POSITION - One's location in the betting sequence, relative to the players still in the hand. First position is first to act.
FREEZE-OUT - A table-stakes game that continues until a small number of players (possibly only one) has all the money. The major event in The World Series of Poker is a freeze-out game.

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