Citing a difficult financing climate, Elevation Entertainment is postponing plans for the Firecreek Crossing Resort-Casino in Reno.
Elevation needs funding to open Firecreek Crossing Resort-Casino, but now is not the right time for businesses to take out big loans because interest rates are almost at their highest points in 20 years. Furthermore, Elevation is privately held, which means it is difficult to raise money through debt markets and that equity sales on the public market are not possible.
Elevation needs funding to open Firecreek Crossing Resort-Casino, but now is not the right time for businesses to take out big loans because interest rates are almost at their highest points in 20 years. Furthermore, Elevation is privately held, which means it is difficult to raise money through debt markets and that equity sales on the public market are not possible.
