2024.07.08
big fish casino vip customer supportThe event is out this year because of COVID-19. Las Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. Las Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. raging bull casino affiliatesLas Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. Las Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. Analysts are forecasting total adjusted earnings before interest, tadoubledown casino home facebookxes, depreciation and amortization (EBITDA) loss of 7 million, with a loss of 1.3 million sourced from Macau.Evolving Views on Macau RecoveryWhen the coronavirus pandemic initially burst onto the scene earlier this year, forcing a 15-day closure of Macau gaming properties in February, the pervasive view was that concessionaires there would struggle for the bulk of 2020. mgm grand casino hours lake tahoe casino parkinggolden nugget casino coloradoThat’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. The 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. caesar casino hotelThe Sands Macau seen here. Analysts are forecasting total adjusted earnings before interest, tadoubledown casino home facebookxes, depreciation and amortization (EBITDA) loss of 7 million, with a loss of 1.3 million sourced from Macau.Evolving Views on Macau RecoveryWhen the coronavirus pandemic initially burst onto the scene earlier this year, forcing a 15-day closure of Macau gaming properties in February, the pervasive view was that concessionaires there would struggle for the bulk of 2020. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. big dollar casino new player bonus valley forge casino hoursturtle lake casino shut downHe rates both of those stocks “neutral.”However, recovery timelines are being pushed out as far as 2022 amid weakness in the VIP segment and Beijing’s heavy-handed approach to cross-border money flows.“We believe some of these issues may depress Macau stock multiples until there is higher visibility,” said Bain.The analyst adds that visitation pickup may not be as “acute” as some previously hoped, and that day trips to the gaming hub, previously an integral driver of tourist volume, will “take some time to return to normalcy.”Talking Las VegasIn its home market of Las Vegas, LVS previously acknowledged struggles with executives offering candid commentary about the state of the largest domestic gaming market following the operator’s second-quarter earnings report. ogram offered by a commercial operator in the top six and ranks well ahead of Boyd Gaming’s B Connected and MGM Resorts’ M life Rewards, which are ninth and tenth, respectively.However, that was based on the notion the special administrative region’s (SAR) gaming-heavy economy would materially spring to life in the current quarter. Las Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. 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. clubplayercasino riversweeps online casino at home |