2024.07.17
i 40 casino seminole oklahomaIt has been legalized, but is not yet up and running, in four states. (Image: Getty Images)On a year-to-date basis, GGR in the world’s largest gaming center is off 82 percent, and on the heels of the rough August number, some analysts are ratcheting down 2020 forecasts.For example, Stifel analyst Steven Wieczynski lowered his estimate on Macau’s 2020 revenue decline to 65 pechanga casino news todaypercent to 75 percent from a previous call of a drop of 60 percent to 70 percent. ET on weekdays.Sports betting is legal in 18 states. o casino oostendeIt has been legalized, but is not yet up and running, in four states. 8, the Daily Wager sports betting program will originate from the LINQ studio on the Las Vegas Strip. Sports betting legislation is pending in seven states, according to the American Gaming Association.casino player club index online casino no deposit bonus no wageringchinook winds casino photosSports betting legislation is pending in seven states, according to the American Gaming Association.(Image: iStock)The goal of the RFI is for city officials to receive perspective from integrated resort (IR) operators and real estate developers on key issues that will be considered when evaluating proposals for the lone casino license. Illinois Gov. is island resort and casino openThose well-heeled gamblers could be waiting for the arrival of Golden Week in early October or waiting out increasing geoppechanga casino news todayolitical friction between the US and China. The ConsensusMatrix forecast calls for a retrenchment of 73 percent.The waiting game continues. The ConsensusMatrix forecast calls for a retrenchment of 73 percent.The waiting game continues. borgata casino parking big fish casino settlement updatefree slots to play for fun offlineThe operator of five integrated resorts in the special administrative region (SAR) isn’t just the biggest concessionaire there, it’s also one of the most financially sound.Additionally, the bulk of LVS’ Macau clientele is in the mass and premium mass categories, meaning the company isn’t dependent on VIPs to drive revenue.“Although we expect lingering Chinese macroeconomic uncertainty and virus fears to elevate trading volatility in the near term, we see nothing out there at this point capable of tempering our long-term enthusiasm on the name,” said Wieczynski.The analyst, who rates LVS a “buy,” adds the operator has an “unrivaled scale,” and recent weakness in the stock is an opportunity for investors to get involved.But with approval times taking a week or longer, it was widely expected that good news wouldn’t have any impact on August GGR figures.Nearing the Bright Side With the freeze on individual visit scheme (IVS) visas lifted in Guangdong, and the rest of the mainland slated to follow suit on Sept. Sports betting legislation is pending in seven states, according to the American Gaming Association.8, the Daily Wager sports betting program will originate from the LINQ studio on the Las Vegas Strip. (Image: Getty Images)On a year-to-date basis, GGR in the world’s largest gaming center is off 82 percent, and on the heels of the rough August number, some analysts are ratcheting down 2020 forecasts.For example, Stifel analyst Steven Wieczynski lowered his estimate on Macau’s 2020 revenue decline to 65 pechanga casino news todaypercent to 75 percent from a previous call of a drop of 60 percent to 70 percent. Either way, operators such as Melco Resorts & Entertainment (NASDAQ:MCLO) and Wynn Resorts (NASDAQ:WYNN) need VIP visits to materially rebound to drive share price appreciation.Stability in Macau could be seen as soon as later this year or in early 2021, according to Wieczynski.One Good IdeaConsensus sentiment is that Macau will bounce back faster than other marquee gaming markets, namely Las Vegas and Singapore, and that’s to the benefit of Las Vegas Sands (NYSE:LVS). little river casino sportsbook lucky tiger casino 60 no deposit |