2024.07.18
thunder valley casino federal id numberVisitors mull in front of Wynn Palace in Macau, above. For the week of Aug. (Image: CNBC)Macau officials announced that travelers arriving from Guangdong — the mainland province closest to the casino hub — will be required to present a negative COVID-19 nucleic acid test that’s seven days old or less.That’s down from the prior requirement of a test that’s 48 hours old. paragon casino promo code13,” Chuck Keeling, Great Canadian Gaming’s executive vice president for stakeholder relations and responsible gaming, told Casino.org.The BC casinos closed in March 2020 at the onset of the COVID-19 pandemic and remained closed through the end of this June, a 16-month shutdown that affected thousands of workers.British Columbia isn’t the first jurisdiction to call for the vaccine mandate. From a gaming perspective, New York only has one casino – Resorts World New York City at Aqueduct Racetrack in Queens.Earlier this month, New Orleans Mayor LaToya Cantrell required people going to indoor venues – including Harrah’s New Orleans – to either produce a record of their vaccination or a recent negative test. Shares of Wynn, which controls Wynn Macau and Wynn Palace, were lower by 17.64 percent this year prior to today.Those moves come less than a week after Macau casino stocks slumped to five-year lows, as analysts fretted that a recent uptick in COVID-19 cases on mainland China would stymie August visitation to the SAR.However, declining case counts and a brighter outlook for travel rules are having palpable impacts on weekly gross gaming revenue (GGR) data, and that’s a positive for operators. wynn las vegas casino map free slots era coinsbest online poker and casinoWhile the pace of recovery in the world’s dominant casino center is confounding executives and investors alike, Macau gaming equities could seeencore casino gift shop brighter days over the near term if authorities further loosen travel controls.We expect the situation to Macau to start getting back to April/May levels in October,” said Bernstein analysts. Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the Macau operators seeing previously moribund shares surge Tuesday. While that order took effect last week, its enforcement did not start until this week.Masks Also RequiredThe upcoming vaccine mandate isn’t the only step BC health officials have taken to staunch the spread of the virus. casino extreme no deposit bonus codes august 202122, Macau GGR surged 55 percent from the previous week, according to research firm Bernstein.Maybe Brighter Days AheadWhen the coronavirus pandemic initially emerged last year, analysts speculated that Macau operators would rebound more rapidly than US-centric rivals. While that order took effect last week, its enforcement did not start until this week.Masks Also RequiredThe upcoming vaccine mandate isn’t the only step BC health officials have taken to staunch the spread of the virus. Recently, Macau casino stocks are soaring on the news of eased travel curbs. bellagio casino parking cool cat casino mobilechinook winds casino cameraBut the opposite is proving true. Recently, Macau casino stocks are soaring on the news of eased travel curbs. In midday trading, LVS and Wynn are both up more than five percent, while Meencore casino gift shoplco Resorts & Entertainment (NASDAQ:MLCO) is higher by more than 10 percent.Finally, Relief for Macau Casino StocksNews of looser travel rules couldn’t arrive at a better time for Macau concessionaires, many of which are among the worst-performing major gaming equities.Entering today, shares of LVS were off 33.34 percent year-to-date, and the operator of five Macau integrated resorts was one of just a handful of S&P 500 members that hadn’t posted positive returns since the March 23, 2020 market bottom. 13,” Chuck Keeling, Great Canadian Gaming’s executive vice president for stakeholder relations and responsible gaming, told Casino.org.The BC casinos closed in March 2020 at the onset of the COVID-19 pandemic and remained closed through the end of this June, a 16-month shutdown that affected thousands of workers.British Columbia isn’t the first jurisdiction to call for the vaccine mandate. The other requirement accompanying the negative test is that would-be Macau visitors cannot have traveled to Hong Kong, Taiwan, or any other foreign country prior to arriving in the gaming center.A spokesperson for Macau’s Public Security Police, Lei Tak Fai, said the relaxed testing protocol goes into effect on Wednesday.Guangdong accounts for approximately 45 percent of the annual visits to the SAR, and Macau casino stocks are responding to the good news. 22, Macau GGR surged 55 percent from the previous week, according to research firm Bernstein.Maybe Brighter Days AheadWhen the coronavirus pandemic initially emerged last year, analysts speculated that Macau operators would rebound more rapidly than US-centric rivals. wild casino login island view casino food |