Overview Key strengths Key risks Market share leader in the Chicagoland gaming market because of its favorable location and good population demographics. Entry of new competitors could pose a threat to its casino?s market position over the longer term. Forecasted debt to EBITDA in the high-3x area over the next two years provides good cushion relative to our 5x downgrade threshold. Presence in a highly competitive gaming market. High exposure to event risk and EBITDA volatility as a single casino operator. Following healthy revenue growth in 2022 after it opened its expansion project and pandemic-related restrictions eased, MGB?s gross gaming revenue (GGR) growth remained strong in the first quarter. MGB?s GGR in the first quarter of 2023 grew 29.5% as
