2024.07.18
mohegan sun casino video slotsLas Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. Wall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. That is prompting at least one analyst to take a tepid view of the stock. table games edmonton casinoHowever, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. Scenes from the 2017 Macau Motorcycle Grand Prix. 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 sdoubledown casino home facebooktages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021. 2 up casino no deposit bonus codes big dollar casino free spin codesdraftkings casino emailHowever, 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. However, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. casino near me boat8, was sluggish compared to prior years. (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. The event is out this year because of COVID-19. choctaw casino promo code no deposit bonus code casinosroulette casino techniqueHowever, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. 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. Las Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. The event is out this year because of COVID-19. That’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. pechanga casino blackjack online casino betting |