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A casino is often protected by license because:
Insolvency
The condition of being unable to pay debts as they fall due, often leading to bankruptcy proceedings.
Current Ratio
A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year, calculated as current assets divided by current liabilities.
Financial Statements
Reports that summarize the financial condition and operations of a business, including the balance sheet, income statement, and cash flow statement.
Balance Sheet
An accounting statement of a firm’s financial position at a specified time.
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