2024.07.12
casino emojiJPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. 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 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. twin river casino slotsThat’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. That is prompting at least one analyst to take a tepid view of the stock. Scenes from the 2017 Macau Motorcycle Grand Prix. boomtown casino facebook 0lg online casinofoxwoods resort casino bookingJPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. (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 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. online casino real money minnesota8, was sluggish compared to prior years. Scenes from the 2017 Macau Motorcycle Grand Prix. Scenes from the 2017 Macau Motorcycle Grand Prix. phone number choctaw casino how old is brian christopher slotsaliante casino and spa las vegasJPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. That’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traonline gambling platformsnsparent” regarding Sin City woes. However, 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. north lake tahoe casinos angel of the winds casino resort bowling |