2024.07.19
is cliff castle casino pet friendly(Image: Roadracing World)The Golden Week holiday, which concluded on Oct. That is prompting at least one analyst to take a tepid view of the stock. He rates both of those stocks “neutral.”bicycle casino breweryAnalysts are forecasting total adjusted earnings before interest, taaliante casino table gamesxes, 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. 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 saliante casino table gamestages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021. 8, was sluggish compared to prior years. free slots machines vegas games island view casino near gulfport msclearwater casino inside8, was sluggish compared to prior years. 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. 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. coushatta casino free drinksJPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. Wall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. The event is out this year because of COVID-19. poker players casino royale daniel j tucker sycuan casinocasino with slots near meJPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. (Image: Roadracing World)The Golden Week holiday, which concluded on Oct. (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 with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. Las Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. lake tahoe casino rooms paragon casino and hotel |