2024.07.12
mountaineer casino twitterGross gaming revenue on Macau, the only Chinese territory where gambling is permitted, slumped 8.6 percent in August. That’s a designation that implies more risk than what an investor would encounter with a nation in the emerging markets camp.To gain that sought-after upgrade, politicians in Vietnam have increased the percentages of the country’s banks and real estate firms that foreigners can own. The S&P 500 and the CSI 300 Index, a major gauge of equities traded on Mainland China, are well below their 52-week highs, and the trade levies are seen as punitive to consumers in both nations.Looking For Better TimesAnalysts expect that starting this month through the end of 2019, year-over-year comparisons will be easier for Macau operators to match. bellagio casino groupThat’s more than double the four percent decline analysts were expecting, as factors such as bad weather and a slowing Chinese economy weighed on gaming activity in the Special Administrative Region (SAR). However, a 15 percent levy by the US on 2 billion worth of Chinese imports went into effect today, as was previously expected. That could bring a welcomed respite for operators such as Las Vegas Sands and Wynn Resorts, which own a combined seven casinos on the peninsula.Historical data from DICJ indicate that while September is usually a slow GGR month for Macau properties, activity often picks up in the fourth quarter. red stag casino sign in big dollar casino loginred stag casino usaThat’s a designation that implies more risk than what an investor would encounter with a nation in the emerging markets camp.To gain that sought-after upgrade, politicians in Vietnam have increased the percentages of the country’s banks and real estate firms that foreigners can own. The municipality set a deadline of 2 p.m. The S&P 500 and the CSI 300 Index, a major gauge of equities traded on Mainland China, are well below their 52-week highs, and the trade levies are seen as punitive to consumers in both nations.Looking For Better TimesAnalysts expect that starting this month through the end of 2019, year-over-year comparisons will be easier for Macau operators to match. yonkers casino table gamesHard Rock International is among three bidders looking to bring a casino to the Northern Illinois town of Rockford. That could bring a welcomed respite for operators such as Las Vegas Sands and Wynn Resorts, which own a combined seven casinos on the peninsula.Historical data from DICJ indicate that while September is usually a slow GGR month for Macau properties, activity often picks up in the fourth quarter. Sands is one of the dominant operators in Asia, with five Macau venues and one of Singapore’s two casinos.valley forge casino security no deposit bonus casino worldwidefree online holdem poker game(Image: WIFR)The local government has set up a request for proposal (RFP) group that will evaluate the various bids in advance of a public hearing on Sept. It was also the fifth month of this year where GGR tumbled there on a year-over-year basis, and the worst monthly decrease in percentage terms, using year-over-year comparisons.A slowing Chinese economy, Typhoon Lekima, and the protests in Hong Kong are all believed to have held back traffic at Macau casinos during the month,” according to Seeking Alpha.Year-to-date, Macau GGR stands at .50 billion through the end of August, almost two percent lower than where it was at this time last year.What’s Plaguing Macau?Ongoing pro-democracy protests in Hong Kong have also been cited as a reason for the decline in August gaming activity in Macau. Analysts badly underestimated an August decline in Macau gaming revenue. Last year, October and December were two months when GGR there exceeded .21 billion.Residents will have a chance to comment on the gaming property deal at that time.Commensurate with Hard Rock’s rock and roll lineage, Karen Nielsen, the wife of “Cheap Trick” guitarist Rick Nielsen, an Illinois native, and other family members delivered the company’s proposal to policymakers Friday inIt was also the fifth month of this year where GGR tumbled there on a year-over-year basis, and the worst monthly decrease in percentage terms, using year-over-year comparisons.A slowing Chinese economy, Typhoon Lekima, and the protests in Hong Kong are all believed to have held back traffic at Macau casinos during the month,” according to Seeking Alpha.Year-to-date, Macau GGR stands at .50 billion through the end of August, almost two percent lower than where it was at this time last year.What’s Plaguing Macau?Ongoing pro-democracy protests in Hong Kong have also been cited as a reason for the decline in August gaming activity in Macau. casino l isle adam b.c. casinos reopening date |