2024.07.12
wild casino ownerHowever, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. Las Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traonline gambling platformsnsparent” regarding Sin City woes. harrah s cherokee casino georgiaHowever, that was based on the notion the special administrative region’s (SAR) gaming-heavy economy would materially spring to life in the current quarter. 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. 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. viejas casino bus schedule spring valley island view casino employeesseneca niagara casino win lobIf that doesn’t happen, the rebound time line gets pushed out to 2022.Travel Woes LingerHindering concessionaires’ ability to shake off the effects of the pandemic are still-slack visitation nuThe reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. (Image: Roadracing World)The Golden Week holiday, which concluded on Oct. downstream casino jackpotsThe 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. However, that was based on the notion the special administrative region’s (SAR) gaming-heavy economy would materially spring to life in the current quarter. That’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. mountaineer casino senior discounts aliante casino and hotel las vegasis lucky red casino legitAnalysts are forecasting total adjusted earnings before interest, taonline gambling platformsxes, depreciation and amortization (EBITDA) loss of 7 million, with a loss of 1.3 million sourced from Macau.Evolving Views on Macau RecoveryWhen the coronavirus pandemic initially burst onto the scene earlier this year, forcing a 15-day closure of Macau gaming properties in February, the pervasive view was that concessionaires there would struggle for the bulk of 2020. Scenes from the 2017 Macau Motorcycle Grand Prix. However, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. But average daily GGR for that period was .1 million. JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. 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. 3 casino road sunnyside beach downstream casino buffet |