2024.07.17
luckyland slots jackpotsLas Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. (Image: Roadracing World)The Golden Week holiday, which concluded on Oct. It delivers results for the September quarter today after the close of US markets. mychoice casino sign inLVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traonline gambling platformsnsparent” regarding Sin City woes. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. However, recovery timelines are being pushed out as far as 2022 amid weakness in the VIP segment and Beijing’s heavy-handed approach to cross-border money flows.“We believe some of these issues may depress Macau stock multiples until there is higher visibility,” said Bain.The analyst adds that visitation pickup may not be as “acute” as some previously hoped, and that day trips to the gaming hub, previously an integral driver of tourist volume, will “take some time to return to normalcy.”Talking Las VegasIn its home market of Las Vegas, LVS previously acknowledged struggles with executives offering candid commentary about the state of the largest domestic gaming market following the operator’s second-quarter earnings report. online gambling usa wild horse pab casino win lob statementblack oak casino phone numberLas Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. But average daily GGR for that period was .1 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. casino table games rental(Image: Roadracing World)The Golden Week holiday, which concluded on Oct. But average daily GGR for that period was .1 million. Scenes from the 2017 Macau Motorcycle Grand Prix. coolcat casino ndb codes 2020 restaurants in the palace station casino6 casino beach boardwalkThat 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. ogram offered by a commercial operator in the top six and ranks well ahead of Boyd Gaming’s B Connected and MGM Resorts’ M life Rewards, which are ninth and tenth, respectively.Scenes from the 2017 Macau Motorcycle Grand Prix. ogram offered by a commercial operator in the top six and ranks well ahead of Boyd Gaming’s B Connected and MGM Resorts’ M life Rewards, which are ninth and tenth, respectively.8, was sluggish compared to prior years. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traonline gambling platformsnsparent” regarding Sin City woes. free slots real money no deposit who owns the bellagio casino in las vegas |