...Sector and Sub-Sectors: This report presents the key peer comparator elements observed or expected for gaming operators. The gaming sector covers companies and Native American tribes whose primary source of revenue is gaming. These entities could operate large scale casino resorts, smaller regional casinos and, in Europe, betting shops. The report does not cover Internet gaming on a stand-alone basis, although some of the operators covered in this report have varying exposure to this segment. Key Factors: The Sector Risk Profile defines and groups companies operating in the sector into a "natural rating territory" based on Fitch's view of the inherent risk profile of the industry. Each company's overall risk profile generally does not stray too far from this rating range. After assessing the Operating Environment, then Management and Corporate Governance, the Navigator examines four Sector-Specific factors for given rating levels. Finally, three Financial Profile factors help capture financial...
