firekeepers casino traders blanketThat’s more than double the four percent decline analysts were expecting, as factors such as bad weather and a slowing Chinese economy weighed on gaming activity in the Special Administrative Region (SAR). Gross gaming revenue on Macau, the only Chinese territory where gambling is permitted, slumped 8.6 percent in August. Analysts badly underestimated an August decline in Macau gaming revenue. boomtown casino facebookAnalysts badly underestimated an August decline in Macau gaming revenue. The move immediately paid dividends, as some large financial institutions from other Asian countries swiftly gobbled up shares of Vietnamese lenders earlier this year.Among the major operators that are believed to be eyeing Vietnam, Las Vegas Sands has expressed interest in an integrated resort in Hanoi or Ho Chi Minh City, the country’s two largest metropolitan areas. (Image: WIFR)The local government has set up a request for proposal (RFP) group that will evaluate the various bids in advance of a public hearing on Sept. bellagio casino heist

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poker casino slotsBut last month, analysts at Bernstein and JPMorgan forecast only minor impact on casino revenue because of that geopolitical uprising.Although the Hong Kong International Airport was closed for a few days because of the protests, analysts speculated that gamblers there and from other parts of Asia would find other flights through other regions to get to Macau.Softness in the Chinese economy, the world’s second-largest, and the lingering trade spat between that cjackson rancheria casino dream catchers clubountry and the US are widely seen as factors keeping gamblers, particularly VIPs, away from Macau last month.Last week, President Trump indicated the US and China still plan to meet this month to discuss trade. Analysts badly underestimated an August decline in Macau gaming revenue. Hard Rock International is among three bidders looking to bring a casino to the Northern Illinois town of Rockford. oxford casino updateHowever, a 15 percent levy by the US on 2 billion worth of Chinese imports went into effect today, as was previously expected. Prior to the release of that report, analysts forecast an August decline of two percent to six percent.August was the third-worst month of 2019 to date for Macau gaming turnover, trailing only April and June. That’s more than double the four percent decline analysts were expecting, as factors such as bad weather and a slowing Chinese economy weighed on gaming activity in the Special Administrative Region (SAR). casino poker 99

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