2024.07.19
pai gow poker online casinoLas Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. Wall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. Las Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. little river casino nectar spa(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. 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. 8, was sluggish compared to prior years. location table roulette casino river spirit casino non smokingcasino table games best odds(Image: Roadracing World)The Golden Week holiday, which concluded on Oct. Analysts 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. That is prompting at least one analyst to take a tepid view of the stock. seminole casino tampa careersJPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. 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 a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. seminole casino clabic wild horse pab casino openonline gambling for 16 year olds(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. The reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. But average daily GGR for that period was .1 million. 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 is prompting at least one analyst to take a tepid view of the stock. The Sands Macau seen here. mountaineer casino mobile app desert diamond casino facebook |