2024.07.18
sunset station casino gift shopBorgata will finally open back up in Atlantic City later this month, 24 days after other casinos did, including Hard Rock (pictured). Borgata will hold an invitation-only “soft opening” beginning July 23, and welcome the general pubWynn Palace, seen here, operator is poised to lead a recovery in Macau equities, says Union Gaming analyst John DeCree. fanduel casino promo code 2021Borgata will finally open back up in Atlantic City later this month, 24 days after other casinos did, including Hard Rock (pictured). aking them feel comfortable.”But the closures haven’t only hurt the casinos. The Guangdong healthcare seclusion policy ends on Wednesday morning.In a note to clients today, Union Gaming analyst John DeCree raised his rating on Wynn to “buy” from “hold,” while noting the Encore operator is positioned to lead a recovery in Macau gaming equities.We expect the initial recovery will be in the premium mass and VIP segments, and anticipate a flight to asset quality for both investors and consumers,” said DeCree. sam s town casino hotel tunica mibibippi “As we have seen so often in the past, we expect the shares of Wynn Resorts/Macau to lead the initial recovery in the Macau names.”Wynn is one of the Macau operators more levered to VIP trends, whereas rival Las Vegas Sands (NYSE:LVS) is more dependent on the mass and premium mass market demographics.More Work to Be DoneGuangdong relaxing its travel controls with Macau is undoubtedly a step in the right direction for concessionaires because the province is the largest feeder market for the gaming hub. seneca niagara casino hours raging bull casino 55 free spinsbig fish casino games freeaking them feel comfortable.”But the closures haven’t only hurt the casinos. (Image: CNBC)Shares of the Wynn Macau and the Wynn Palace operator are trading lower Tuesday. aking them feel comfortable.”But the closures haven’t only hurt the casinos. borgata casino nj reopeningBorgata will hold an invitation-only “soft opening” beginning July 23, and welcome the general pubBorgata will finally open back up in Atlantic City later this month, 24 days after other casinos did, including Hard Rock (pictured). The Guangdong healthcare seclusion policy ends on Wednesday morning.In a note to clients today, Union Gaming analyst John DeCree raised his rating on Wynn to “buy” from “hold,” while noting the Encore operator is positioned to lead a recovery in Macau gaming equities.We expect the initial recovery will be in the premium mass and VIP segments, and anticipate a flight to asset quality for both investors and consumers,” said DeCree. sam s town casino hotel tunica mibibippi “As we have seen so often in the past, we expect the shares of Wynn Resorts/Macau to lead the initial recovery in the Macau names.”Wynn is one of the Macau operators more levered to VIP trends, whereas rival Las Vegas Sands (NYSE:LVS) is more dependent on the mass and premium mass market demographics.More Work to Be DoneGuangdong relaxing its travel controls with Macau is undoubtedly a step in the right direction for concessionaires because the province is the largest feeder market for the gaming hub. raging bull casino 100 free chip roulette game vegasthunder valley casino dealer schoolWynn Resorts (NASDAQ:WYNN) is primed to benefit as Macau’s gaming sector rebounds, particularly given the increased likelihood that the recovery will be hastened by higher-end gamblers, notes an analyst. “If we cannot provide that level of hospitality, we feel it’s best that we remain closed until such time that the governor lets us know it is safe to offer food and beverage.”But with Murphy in no rush to resume indoor dining and drinking, Borgata is apparently moving forward with reopening Atlantic City’s top gaming revenue property. But the stock surged nearly 10 percent on heavy volume Monday on news that Guangdong province is ending its quarantine protocol applicable to travelers arriving from Macau. Borgata will hold an invitation-only “soft opening” beginning July 23, and welcome the general pubThat’s because travel restrictions with Hong Kong remain in place and there’s still no sign that Beijing is prepared to lift the freeze on individual visit scheme (IVS) visa issuance.“While alleviating border restrictions in Guangdong is a solid first step, we’ll look forward to more good news, hopefully later this summer, on reinstating IVS and green health code reciprocity with Hong Kong,” said DeCree.Recently, plans for a travel bubble between Guangdong, Hong Kong, and Macau fell apart because of a resurgence of coronavirus cases in Hong Kong. Borgata will hold an invitation-only “soft opening” beginning July 23, and welcome the general pubturtle creek casino traverse city is 7 feathers casino open |