subscribesubscriber servicescontact usabout ussite mapBuy a Classified
Sun, Nov 22 2009 

Resources

print this story   Print this story
  Post to del.icio.us

Centaur credit ranked negatively

By Nancy Lowry
New Castle News

“He should be more involved to ensure that the revenues he promised that gaming would produce for Pennsylvania are coming in. As it is, licenses are not being awarded, casinos are not operating and no money is coming in.”

STILL INTERESTED

Centaur also continues to work toward a positive solution.

Responding to questions via e-mail, Susan Kilkenny, director of marketing and vice president of public relations for Centaur, said the corporation’s team continues to work diligently to renegotiate a financing package.

“At this time, (the rating) has no bearing on our ability to renegotiate our financing package,” her response said. “Placing Centaur on a CreditWatch list is not the equivalent to a downgrade in rating.”

Although details regarding the status of discussions are not available, Kilkenny indicated Centaur officials, “are in constant contact with our lending group to resolve this situation.”

“We deeply appreciate the strong local support shown to the project during the public impact hearing in May,” Kilkenny said, adding, “We remain fully committed to bringing the significant economic benefits of the project to western Pennsylvania.”

TAKING TIME

State Rep. Chris Sainato believes the gaming board will complete its investigation and award the slots license in September.

Sainato said he believes the investigators are under pressure from the gaming board to complete the investigation.

“That’s my gut reaction,” Sainato said. “By the September meeting they will be ready. The investigation will be complete.”

In the meanwhile, Sainato said, “Centaur tells me there is no problem with the application, it is just that the process is taking time. I am assured there is nothing on the part of Centaur that is standing in the way.”

He said he also believes that unless Centaur withdraws its application for the slots license, it is theirs for the taking.



print this story    email this story   






autoconx
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Premier Guide
Premium Jobs

NURSING HOME ADMINISTRATOR
Nursing Home Administrator
Quality Life Services is growing again and seeking an experienced Nursing Home Administr
...>MORE

TOP NOTCH
TOP NOTCH
The highest quality call center in the WORLD is looking to grow. Handle calls on behalf of a variety of F
...>MORE

PRIVATE/MEDICARE BILLER
Private /
Medicare Biller
Quality Life Services, the corporate office which proudly oversees facilities such
...>MORE

See all ads

Premium Homes

1709 HANNA ST.
1709 Hanna St
3-5 Bedrooms, 2 baths, needs interior work, $17,000 or best offer. Call Brian 724-333-7054
...>MORE

See all ads

Premium Extras

CASH FOR YOUR GOLD
Cash For Your Gold
$We Pay Cash$
For diamond engagement rings, gold chains, class rings, dental gold, platinum
...>MORE

See all ads


You Could Be Here!

E-mail Us

 

Community Newspaper Holdings, Inc.CNHI Classified Advertising NetworkCNHI News Service
Associated Press content © 2009. All rights reserved. AP content may not be published, broadcast, rewritten or redistributed.
Our site is powered by Zope and our Internet Yellow Pages site is powered by PremierGuide.
Some parts of our site may require you to download the Flash Player Plugin.
View our Privacy Policy
Advertiser index