2024.07.12
valley forge casino resort restaurants16-Aug. For the week of Aug. Visitors mull in front of Wynn Palace in Macau, above. slot machine casino philippinesFor the week of Aug. In midday trading, LVS and Wynn are both up more than five percent, while Mebovada casino loginlco Resorts & Entertainment (NASDAQ:MLCO) is higher by more than 10 percent.Finally, Relief for Macau Casino StocksNews of looser travel rules couldn’t arrive at a better time for Macau concessionaires, many of which are among the worst-performing major gaming equities.Entering today, shares of LVS were off 33.34 percent year-to-date, and the operator of five Macau integrated resorts was one of just a handful of S&P 500 members that hadn’t posted positive returns since the March 23, 2020 market bottom. Visitors mull in front of Wynn Palace in Macau, above. kansas star casino free play oxford casino oxford me888 tiger casino no deposit bonus(Image: CNBC)Macau officials announced that travelers arriving from Guangdong — the mainland province closest to the casino hub — will be required to present a negative COVID-19 nucleic acid test that’s seven days old or less.That’s down from the prior requirement of a test that’s 48 hours old. Visitors mull in front of Wynn Palace in Macau, above. Last week, New York City Mayor Bill de Blasio issued a similar order for the city’s businesses. seven feathers casino queensryche16-Aug. Recently, Macau casino stocks are soaring on the news of eased travel curbs. 16-Aug. mgm grand casino northfield bovada casino bonus codeharrah s cherokee casino golf courseVisitors mull in front of Wynn Palace in Macau, above. Shares of Wynn, which controls Wynn Macau and Wynn Palace, were lower by 17.64 percent this year prior to today.Those moves come less than a week after Macau casino stocks slumped to five-year lows, as analysts fretted that a recent uptick in COVID-19 cases on mainland China would stymie August visitation to the SAR.However, declining case counts and a brighter outlook for travel rules are having palpable impacts on weekly gross gaming revenue (GGR) data, and that’s a positive for operators. Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the Macau operators seeing previously moribund shares surge Tuesday. Visitors mull in front of Wynn Palace in Macau, above. The other requirement accompanying the negative test is that would-be Macau visitors cannot have traveled to Hong Kong, Taiwan, or any other foreign country prior to arriving in the gaming center.A spokesperson for Macau’s Public Security Police, Lei Tak Fai, said the relaxed testing protocol goes into effect on Wednesday.Guangdong accounts for approximately 45 percent of the annual visits to the SAR, and Macau casino stocks are responding to the good news. Recently, Macau casino stocks are soaring on the news of eased travel curbs. is four winds casino still open big fish casino new season |