2024.07.12
slot machines casino plusThe 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: CNBC)In a note to clients Wednesday, Roth Capital analyst David Bain reiterates a “neutral” rating and price target on Sands, saying the company is likely to emphasize long-term conviction on the Asia-Pacific region (Macau and Singapore) despite limited near-term visibility.While the structural visitation impediments should diminish within the next few months, a catalyst for Macau visitation/earnings, we believe it is already captured in consensus estimates,” said the analyst.Traffic to the special administrative region (SAR) is trending higher this month. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. gladys knight soaring eagle casinoThe reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. The Sands Macau seen here. If 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 nubig dollar casino bonus ohne einzahlung free slot machines nowcasino poker for beginnersThat’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. It delivers results for the September quarter today after the close of US markets. It delivers results for the September quarter today after the close of US markets. no deposit bonus casino worldThat 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. 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. JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. resorts casino front desk is paragon casino opengolf courses near jackson rancheria casinoJPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. The Sands Macau seen here. Las Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. It reflects the IVS resumption for non-Guangdong residents (which kicked-in in earnest after Golden Week given lead-time,” note the bank’s analysts.During the earlier sdoubledown casino home facebooktages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021. It delivers results for the September quarter today after the close of US markets. 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.eldorado casino reno buffet free slots reddit |