2024.07.19
call riverwind casinoLas Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. It delivers results for the September quarter today after the close of US markets. The event is out this year because of COVID-19. sam s town casino addreb(Image: Roadracing World)The Golden Week holiday, which concluded on Oct. It reflects the IVS resumption for non-Guangdong residents (which kicked-in in earnest after Golden Week given lead-time,” note the bank’s analysts.During the earlier sonline gambling platformstages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021. Las Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. turtle creek casino concerts 2021 mgm casino dc hoursdoubledown casino facebook not workingThe reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. 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. The event is out this year because of COVID-19. slot hall casinoBut average daily GGR for that period was .1 million. If that doesn’t happen, the rebound time line gets pushed out to 2022.Travel Woes LingerHindering concessionaires’ ability to shake off the effects of the pandemic are still-slack visitation nuThe 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. free slot machines android twin river casino layoutseneca niagara casino vs fallsview casinoIt reflects the IVS resumption for non-Guangdong residents (which kicked-in in earnest after Golden Week given lead-time,” note the bank’s analysts.During the earlier sonline gambling platformstages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021. 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. 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. It reflects the IVS resumption for non-Guangdong residents (which kicked-in in earnest after Golden Week given lead-time,” note the bank’s analysts.During the earlier sonline gambling platformstages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traonline gambling platformsnsparent” regarding Sin City woes. 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. western union boulder station casino chukchansi casino fire |