harrah s cherokee casino mabageEarlier today, executives from Wynn Resorts (NASDAQ:WYNN) said they are seeing “encouraging” trends in Las Vegas, and that higher-end gamblers are visiting more and gambling higher amounts. They also claim concerns about the strength of the Macau VIP market, a core constituency for Wynn, are overblown.Recently, Morgan Stanley lifted its Wynn price forecast to . Still, the stock will mostly be evaluated through a Macau lens, and that could finally turn into a positive for investors over the coming months.“WYNN management indicated the current pacing of visitation back into the market continues to improve. 7 cedars casino poker tournamentsCaesars Entertainment reported a big increase in quarterly revenue, but its loss for the period was astounding. (Image: Bloomberg)The largest casino company in the US as measured by number of venues said sales surged to .37 billion from 3 million, confirming the benefits of one of the largest acquisitions in industry history. However, that figure missed Wall Street forecasts by 0 million, as the operator notched a loss of .09 per share, far worse than the loss of .03 analysts projected.In Las Vegas, revenue slipped 60 percent, while adjusted property earnings before interest, taxes, depreciation and amortization (EBITDA) declined 83 percent. ruby slots sign up bonus

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little river casino nectar spaBut analysts were expecting a loss of .39 on sales of 4.48 million. But analysts were expecting a loss of .39 on sales of 4.48 million. They also claim concerns about the strength of the Macau VIP market, a core constituency for Wynn, are overblown.Recently, Morgan Stanley lifted its Wynn price forecast to . golden palace online casinoHowever, that figure missed Wall Street forecasts by 0 million, as the operator notched a loss of .09 per share, far worse than the loss of .03 analysts projected.In Las Vegas, revenue slipped 60 percent, while adjusted property earnings before interest, taxes, depreciation and amortization (EBITDA) declined 83 percent.  up for the operator. Average that out to .50, and it’s almost above the Street consensus and roughly 22 percent higher than where the stock resides today.Odds and EndsAmong the pleasant surprises in Wynn’s third-quarter reporter were record EBITDA at Encore Boston Harbor and indications that business is perking up in Las Vegas, where it owns two integrated resorts.With group and convention business on the Strip still essentially non-existent, Wynn is managing costs, which could lead to positive EBITDA in the coming months despite top line pressure. resorts casino gift card

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borgata casino paFive of the company’s nine Sin City venues were open for the entirety of the September quarter.Regional markets continued to outperform destination markets, and we remain optimistic regarding an eventual recovery of travel and tourism in the US and especially in Las Vegas,” said CEO Tom Reeg in a statement.One bright spot was overall adjusted property EBITDA checking in at 3 million, compared with the consensus forecast of 2.4 million.Nascent Signs of Vegas ReboundOver the course of the coronavirus pandemic, analysts widely said Macau and regional US markets will rebound before Las Vegas due to Sin City’s dependence on free play slots for real moneyconvention business and drive-in traffic, namely from neighboring Arizona and Southern California.There are indications things are starting to perk up in the largest domestic gaming center. That’s because the gaming operator said its third-quarter revenue more than doubled, while reporting a whopping per-share loss. Still, the stock will mostly be evaluated through a Macau lens, and that could finally turn into a positive for investors over the coming months.“WYNN management indicated the current pacing of visitation back into the market continues to improve. Caesars Entertainment (NASDAQ:CZR) investors may be hoping that the old free play slots for real moneymaxim of “it takes money to make money” comes to pass. Average that out to .50, and it’s almost above the Street consensus and roughly 22 percent higher than where the stock resides today.Odds and EndsAmong the pleasant surprises in Wynn’s third-quarter reporter were record EBITDA at Encore Boston Harbor and indications that business is perking up in Las Vegas, where it owns two integrated resorts.With group and convention business on the Strip still essentially non-existent, Wynn is managing costs, which could lead to positive EBITDA in the coming months despite top line pressure. The primary source of that weakness was ongoing lethargy in Macau, Wynn’s largest market. hard rock casino arkansas