2024.07.19
hard rock casino in biloxi mibibippi(Image: CNBC)In a note to clients Wednesday, Roth Capital analyst David Bain reiterates a “neutral” rating and price target on Sands, saying the company is likely to emphasize long-term conviction on the Asia-Pacific region (Macau and Singapore) despite limited near-term visibility.While the structural visitation impediments should diminish within the next few months, a catalyst for Macau visitation/earnings, we believe it is already captured in consensus estimates,” said the analyst.Traffic to the special administrative region (SAR) is trending higher this month. (Image: Roadracing World)The Golden Week holiday, which concluded on Oct. That is prompting at least one analyst to take a tepid view of the stock. the best casino near me(Image: Roadracing World)The Golden Week holiday, which concluded on Oct. It delivers results for the September quarter today after the close of US markets. But average daily GGR for that period was .1 million. big fish casino settlement update riverwind casino sleep innfree online poker starsHe rates both of those stocks “neutral.”It delivers results for the September quarter today after the close of US markets. That is prompting at least one analyst to take a tepid view of the stock. no deposit bonus drake casino todayThe reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. Las Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. The event is out this year because of COVID-19. hard rock casino seminole black oak casino hiringwhich online casino is legitThe analyst notes that while a COVID-19 vaccine would be a broader market positive, consumer skepticism means it could be at least six months before a virus treatment positively affects the Las Vegas convention business.Just six percent of the analyst’s LVS price target is derived from Las Vegas, with the rest attributable to Macau and Singapore.Bain is similarly lukewarm on Sands rivals MGM Resorts International (NYSE: MGM) and Wynn Resorts (NASDAQ:WYNN), another Macau-centric name. It delivers results for the September quarter today after the close of US markets. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traaliante casino table gamesnsparent” regarding Sin City woes. That’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. The analyst notes that while a COVID-19 vaccine would be a broader market positive, consumer skepticism means it could be at least six months before a virus treatment positively affects the Las Vegas convention business.Just six percent of the analyst’s LVS price target is derived from Las Vegas, with the rest attributable to Macau and Singapore.Bain is similarly lukewarm on Sands rivals MGM Resorts International (NYSE: MGM) and Wynn Resorts (NASDAQ:WYNN), another Macau-centric name. That figure declined to .1 million a day last week, according to JPMorgan.That is (obviously) weaker than Golden Week’s MOP0 million (US.1 million), but well above September’s MOP million. live casino employee reviews jamul casino tony gwynn buffet |