resorts casino atlantic cityOur primary focus right now has really been on Durango, which we think is a great development opportunity in the most underserved part of the Las Vegas Valley,” Frank Fertitta III said this week. Gaming analyst Joseph Greff of JPMorgan said in a note that Station’s Durango project will likely be in the neighborhood of 0 million. Led by a 46 percent slashing at Melco Resorts & Entertainment (NASDAQ:MLCO), Macau operators, on average, trimmed operating costs by 35 percent since the health crisis started.As such, Morgan Stanley forecasts the companies need GGR to return to just 80 percent of pre-pandemic levels to get earnings before interest, taxes, depreciation and amortization (EBITDA) back to 2019 highs.“We remain constructive in the hope of the border opening and eventual extension of licenses, both of which we expect in second-half 2021,” said the bank.Regulatory Clouds Need to PartIn an effort to improve consumer outcomes and reduce monopoly potential, Beijing is cracking down on Chinese internet companies, particularly those with heavy consumer-facing businesses.The result is a calamity for global investors as hundreds of billions of market value have been wiped off companies, such as Alibaba, Didi, Meituan, and Tencent. borgata casino tier levelsShares of Macau concessionaires continue sagging. Station’s Durango project site is five miles from the nearest current casino in operation. Once construction bcasino slot winners 2020egins, the company believes it will take 18 to 24 months for the resort to be finished.On that time line, the earliest the Durango casino could open would be in July 2023. four winds casino online

online us casino real money

mgm grand casino atlantic cityWynn Macau, seen above, was one of the many venues there hampered by travel issues. Station and RRR dumped another 0 million into the just-off-the-Strip complex. That’s even as some investors fret about regulatory risk from Beijing. desert diamond casino glendale hoursBut that process is being delayed because of the pandemic. The worst-case scenario, per the current project schedule, would be in March of 2024.Cootey believes Station Casinos’ future is bright because of its superiority in the Las Vegas locals’ market.“We believe that we are uniquely positioned to capitalize on the very favorable long-term demographic trends and high barriers to entry that characterized the Las Vegas locals’ market,” Cootey concluded.Gaming analyst Joseph Greff of JPMorgan said in a note that Station’s Durango project will likely be in the neighborhood of 0 million. black oak casino concert venue

casino near me boston ma

how close is the nearest casinoThe company tried its hand with the Strip market in 2016 by purchasing the Palms Casino Resort for 2.5 million. The 0 million sale was deemed a credit positive for Station by Moody’s Investors Service. Station Casinos dominates the local casino market in Southern Nevada. Gaming analyst Joseph Greff of JPMorgan said in a note that Station’s Durango project will likely be in the neighborhood of 0 million. Shares of Macau concessionaires continue sagging. The ratings firm said the Palms disposal strengthens Station’s balance sheet, and allows it to focus on what it does best: cater to locals. raging bull casino login