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- Riverboat Casino Ratings Buoyed by Regulations, Demand Maritime Reporter, Mar 2000 #48
The operators of many of the riverboat casinos along the Mississippi and Ohio Rivers are likely to enjoy smooth sailing as growing demand, limited new supply, and relaxed regulations support stronger operating results and possibly rating upgrades, Moody's Investors Service reports.
The rating agency also cautions, however, looser gaming restrictions in one jurisdiction or the strengthening of one casino's position through the addition of new amenities could put pressure on neighboring operations.
"Overall, our rating outlook is positive and we expect more upgrades than downgrades of companies in this industry over the next 6-18 months," says Moody's VP/senior analyst Todd Gray.
"But at the same time, the rising tide for the sector as a whole will not lift all the riverboat operators." Specifically, the analyst says among the companies in line for a potential rating upgrade or positive outlook change are Hollywood Casino Corporation (B3); Hollywood Park (Ba3); Horseshoe Gaming (Ba3); Lady Luck Gaming (B2); Hollywood Casino Shreveport (B3); Players International (Ba3); and Station Casinos (Ba2).
Companies more likely to experience either a rating downgrade or a negative outlook change include Alliance Gaming (B2), Majestic Star (B2), Mirage Resorts (Baa2) and President Casinos (Caal).
The analyst points out that many of these companies also operate land-based casinos, and that rating changes in any direction are also influenced by the performance of these other properties, as well as by management's financial and strategic policies overall.
Since riverboat casinos first opened in Iowa in 1991, the operators of such casinos have seen demand grow faster than supply. This is likely to continue to be the case, especially as new regulations in Illinois, Missouri, and Louisiana either eliminate certain operating restrictions in an attempt to increase tax revenues from the casinos or eliminate a source of potential competition.
For example, in Illinois, gaming revenues have increased dramatically since last June, when Governor George Ryan signed a law eliminating the cruising requirements on the state's nine riverboat operators. Prior to this law, the flow of customers was limited by the requirement that the riverboats set sail for a minimum of two-hour cruises. Following the change, revenues were up an average of 35 percent from July though December 1999 over the same period in 1998.
And in Louisiana, two Baton Rouge casinos owned by Louisiana Casino Cruises (Bl) and Argosy Gaming (Ba3) have seen their revenues increase more than 20 percent since last summer's ban on video poker in non-casino locations, such as bars and truck stops. Louisiana Casino Cruises was upgraded in November to Bl from B2, in part because of these gains.
In addition to more favorable regulation, "new amenities such as hotels, restaurants, improved parking, and entertainment facilities, are likely to attract new traffic, as well as increase the amount of money that the average customer spends per visit," according to Moody's Todd Gray.
New competition is likely to remain limited either by the number of gaming licenses granted by some states or by the fact that many of the best locations for such facilities have already been taken, the analyst says.
He also says more consolidation among the industry is likely as existing operators are afforded limited opportunities for growth as a result of the same factors. Moody's rates the debt obligations of 24 gaming companies owning riverboat casinos in the U.S. These companies have approximately $18.5 billion of rated debt outstanding and are rated in the range from Baa2 to Caa3. A total of 83 riverboat casinos, with annual revenues of more than $7 billion, currently operate in the U.S.
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- Siemens System Controls Filter Biofouling Maritime Reporter, Feb 2014 #46
SeaCURETM Ballast Water Management System. The patent, entitled “Method and System for Biofouling Control of Shipboard Components” (U.S. patent no. 8,591,740 B2), involves injection of biocide into ballast seawater before it reaches the large surface filter intakes to reduce the growth of marine organisms that
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- UDT 2014 Set for Liverpool, June 10-12 Marine Technology, May 2014 #58
Ltd A55 Blueprint Subsea D20 BMT Defence Services C54 CASSIDIAN OPTRONICS GmbH A34 COFI A1 Copper Alloys Limited C12 DCNS B20 DGA D48 Divex Ltd B1 Drumgrange Ltd A70 DSG Technology AS D21 DSIT Solutions Ltd C34 EdgeTech A25 EvoLogics GmbH C40 FSSL
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- Marine News' Top Vessels of 2022 Marine News, Nov 2022 #44
Michigan Wheel nibral propellers. A pair of Cummins Onan gensets produce 55 kW of electrical power each for service power. The steering system is a Jastrom B2-76-400-1-35 and the controls are Twin Disc EC300s. In addition, the vessel is equipped with a Melcal 5-ton knuckle boom crane for buoy and debris removal
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- DIESEL POWER REVIEW Maritime Reporter, Jul 1984 #18
, now reaching as low as 0.310 pounds per bhp hours. For speeds up to 1,500 rpm, these engines may be operated with marine diesel fuel per BS 2869 Class B2. MWM large-bore engines are now available from Stewart & Stevenson Services, Inc. of Houston for applications requiring from 270 to 8,800 bhp. Series
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November 2022 - Marine News page: 55produce 55 kW of electrical power each the Eastern Shore, operates four large boats that perform for service power. The steering system is a Jastrom B2-76- various duties throughout the Chesapeake Bay. The de- 400-1-35 and the controls are Twin Disc EC300s. In ad- partment’s boats are shallow draft,
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August 2018 - Maritime Reporter and Engineering News page: 112at SMM 2018. The company has taken a posi- Company: trans? uid (See photo on top of page) tion at the forefront of digitalization with the ShipSure Booth: B2.3G. 324 With vessel activity in poorly or uncharted waters on Product: Tube Processing System 2.0 marine digital platform enabling its clients to access
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March 2017 - Maritime Reporter and Engineering News page: 41beyond the ballast water ® ® Tranter WEKA Boxcooler Heat Exchangers April 25 - 27, 2017 space and made further investments to Visit us at Stand # B2 - D19 help shipowners navigate this complex and costly compliance process. Compli- fernstrum.com | 906.863.5553 | [email protected] ance with
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August 2016 - Maritime Reporter and Engineering News page: 118air operation. The sophisticated design allows very quick and easy tool changing and the robust splash guard allows safe working at all times. Hall B2, Stand 310 Raytheon Anschütz At SMM 2016, German navigation system manu- tile display supporting situation analysis and deci- facturer Raytheon Anschütz
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July 1984 - Maritime Reporter and Engineering News page: 33reaching as low as 0.310 pounds per bhp hours. For speeds up to 1,500 rpm, these engines may be operated with marine diesel fuel per BS 2869 Class B2. MWM large-bore engines are now available from Stewart & Ste- venson Services, Inc. of Houston for applications requiring from 270 to 8,800
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March 2000 - Maritime Reporter and Engineering News page: 48rat- ing upgrade or positive outlook change are Hollywood Casino Corporation (B3); Hollywood Park (Ba3); Horseshoe Gaming (Ba3); Lady Luck Gaming (B2); Hollywood Casino Shreveport (B3); Players International (Ba3); and Station Casinos (Ba2). Companies more likely to experience either a rating
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July 2003 - Maritime Reporter and Engineering News page: 48127 154 8 46 - 73.6 1800-2100 Seatek 10.3 ENDURANCE 127 135 6 116.3 3200 10.3 OFFSHORE 127 135 6 134.8 3350 6.4V.10DB1 127 135 6 95.5 3100 6.4V. 10D B2 127 135 6 95.5 3100 6-4V-10.3 TWIN TURBO RACING 127 135 6 147.1 3250 800 PLUS 127 135 6 100.5 3100 NAVY A1 127 135 6 80.8 3100 NAVYA2 127 135
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April 2004 - Maritime Reporter and Engineering News page: 554003 from the name you trust, Sea Tel. Affordable broadband Intemet-at-Sea" in a compact dome. Work without the wait. WaveCall Inmarsat 4003 77' B2 Download speed 512 kbps 64 kbps 64 kbps 1 GB file download 256 min 2,080 min 2,080 min Cost/MB •1 '16.53 ISON '36.00 MPOS '18.60 ('9.00/min)
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July 2004 - Maritime Reporter and Engineering News page: 3915 7 21.5 Seatek 10.3 ENDURANCE 127 135 6 116.3 3200 25.5 10.3 OFFSHORE127 135 6 134.8 3350 28.2 6.4V. 10D B1 127 135 6 95.5 3100 21.6 6.4V. 10D B2 127 135 6 95.5 3100 21.6 6-4V-10.3 TWIN TURBO RACING 127 135 6 147.1 3250 31.7 800 PLUS 127 135 6 100.5 3100 22 7 NAVY A1 127 135 6 80.8 3100
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August 2004 - Maritime Reporter and Engineering News page: 47Containerships in Longitudinal Seas by Y.S. Shin, V.L. Belenky, J.R. Paulling, K.M. Weems, W.M. Lin Ship Operations - Thursday, 09/30/2004 -11:30 AM B2(D39) - Computational Fluid Dynamics Study of the Effectiveness of Flow-Through Ballast Exchange by Christopher P. Kent, Michael G. Parsons Ship Design
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April 1976 - Maritime Reporter and Engineering News page: 54P.O. BOX 596, WILMINGTON, CALIFORNIA 90744 TEL: 213/436-4288 TELEX 65-6446 ORTHERN METAL CO. SHIPBREAKERS MARINE MACHINERY DIV. DISMANTLING C4-S-B2 & DD's DIESEL ENGINES Fairbanks-Morse, Model 33D8-l/8xlO Opposed Piston, Reversible, 1700 H.P., 750 RPM TURBO GENERATORS 500 KW, 625 KVA, 450
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April 1973 - Maritime Reporter and Engineering News page: 11conversion of 308 to the dollar.) Percent Increase Ship 1974 Over Category Price Base Ship 250-A 37.3 250 IMCO 37.7 0 250-B1 40.1 6.2 250-B2 41.0 8.7 250-C 44.3 17.5 250-D 41.8 10.8 250-E1 39^3 4.2 250-E2 41.4 9.8 Estimates of the cost differences in material and labor requirements
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February 15, 1971 - Maritime Reporter and Engineering News page: 44PUMPS, 2—Allis-Chalmers, Type SS-DH, hori- zontal centrifugal, Size 2V4 x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2—Allis-Chalmers, Type B2-V, vertical centrifugal, Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand
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December 15, 1970 - Maritime Reporter and Engineering News page: 48PUMPS, 2—Allis-Chalmers, Type SS-DH, hori- zontal centrifugal, Size 2VI x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2—Allis-Chalmers, Type B2-V, vertical centrifugal, Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand
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June 15, 1970 - Maritime Reporter and Engineering News page: 52PUMPS, 2—Allis-Chalmers, Type SS-DH, hori- zontal centrifugal. Size 214 x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2—Allis-Chalmers, Type B2-V, vertical centrifugal. Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand
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February 2014 - Maritime Reporter and Engineering News page: 46Ballast Water Manage- ment System. The patent, entitled “Method and Sys- tem for Biofouling Control of Shipboard Components” (U.S. patent no. 8,591,740 B2), involves injection of biocide into ballast seawater before it reaches the large surface fi lter intakes to reduce the growth of marine organisms
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September 1969 - Maritime Reporter and Engineering News page: 60DISTRIBUTION PUMPS, 2?Allis-Chalmers, Type SS-DH, hori-zontal centrifugal, Size 2Vi x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2?Allis-Chalmers, Type B2-V, vertical centrifugal. Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand horizontal
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August 1969 - Maritime Reporter and Engineering News page: 52DISTRIBUTION PUMPS, 2?Allis-Chalmers, Type SS-DH, hori-zontal centrifugal. Size 2 Yi x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2?Allis-Chalmers, Type B2-V, vertical centrifugal, Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand horizontal
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August 15, 1969 - Maritime Reporter and Engineering News page: 64DISTRIBUTION PUMPS, 2?Allis-Chalmers, Type SS-DH, hori-zontal centrifugal. Size 2/2 x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2?Allis-Chalmers, Type B2-V, vertical centrifugal, Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand horizontal
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July 1969 - Maritime Reporter and Engineering News page: 48DISTRIBUTION PUMPS, 2?Allis-Chalmers, Type SS-DH, hori-zontal centrifugal. Size 214 x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2?Allis-Chalmers, Type B2-V, vertical centrifugal. Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand horizontal
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July 15, 1969 - Maritime Reporter and Engineering News page: 3rd CoverDISTRIBUTION PUMPS, 2?Allis-Chalmers, Type SS-DH, hori-zontal centrifugal. Size 2V2 x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2?Allis-Chalmers, Type B2-V, vertical centrifugal. Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand horizontal
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June 1969 - Marine News page: 68DISTRIBUTION PUMPS, 2?Allis-Chalmers, Type SS-DH, hori-zontal centrifugal. Size 2Vi x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2?Allis-Chalmers, Type B2-V, vertical centrifugal. Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand horizontal
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June 15, 1969 - Maritime Reporter and Engineering News page: 72DISTRIBUTION PUMPS, 2?Allis-Chalmers, Type SS-DH, hori-zontal centrifugal. Size 2Yi x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2?Allis-Chalmers, Type B2-V, vertical centrifugal. Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand horizontal
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May 1969 - Maritime Reporter and Engineering News page: 60DISTRIBUTION PUMPS, 2?Allis-Chalmers, Type SS-DH, hori-zontal centrifugal. Size 2Vi x 2, 55 GPM, 51' head, 2 HP, 230 DC. FIRE PUMPS, 2?Allis-Chalmers, Type B2-V, vertical centrifugal, Size 4 x 3, 400 GPM, 280' head, 50 HP, 230 DC. MAIN FEED PUMP, Terry Turbine, Type ZS-1, 124 HP, with Ingersoll-Rand horizontal