2024.07.17
black bear casino otter creek event centerGaming analyst Joseph Greff of JPMorgan said in a note that Station’s Durango project will likely be in the neighborhood of 0 million. Amid dismal operating revenue, and then its mandatory closure in March of 2020 because of the coronavirus, RRR opted not to reopen the property, and instead put it on the market.Station found a buyer in the San Manuel Band of Mission Indians. Gaming analyst Joseph Greff of JPMorgan said in a note that Station’s Durango project will likely be in the neighborhood of 0 million. kansas star casino managementThat’s even as some investors fret about regulatory risk from Beijing. Once construction bfree slots igtegins, the company believes it will take 18 to 24 months for the resort to be finished.On that time line, the earliest the Durango casino could open would be in July 2023. Morgan Stanley sees the casino center bouncing back. firekeepers casino event seating chart gold coast casino newsgolden palace casino tattoo foreheadMorgan Stanley says it’s likely Macau will extend all gaming (Image: NPR)Recent gross gaming revenue (GGR) data suggests that despite an increase in COVID-19 cases in the neighboring Guangdong province and the persistent lack of a travel bubble with Hong Kong, things are starting to trend the right way for Macau. Earlier this week, Beijing called an emergency meeting with major international asset managers and investment banks, looking to assuage fears about the regulatory clampdown. draftkings casino and sportsbookThe ratings firm said the Palms disposal strengthens Station’s balance sheet, and allows it to focus on what it does best: cater to locals. Gaming analyst Joseph Greff of JPMorgan said in a note that Station’s Durango project will likely be in the neighborhood of 0 million. But that process is being delayed because of the pandemic. slot game 888 casino casino 4 funangel of the winds casino resort hotelWhile Macau concessionaires aren’t targets of the probe, Morgan Stanley points to something of a mixed near-term outlook as a result of that overhang.“We believe the recent launch of China’s ‘common prosperity’ plan is not supportive of gaming in Macau, butfree slots igt a hardened stance on gambling (especially overseas) is not new either,” said analysts at the bank.Prevailing wisdom is that Beijing isn’t looking to end land-based gaming in Macau, but rather to eradicate online gaming, which is forbidden in the world’s second-largest economy.Renewal OutlookAll six concessionaires are supposed to be up for license renewal in 2022. He says the investment is warranted by the immediate surrounding area featuring a “high-income population base.” Opening 2023-24Cootey explained that Station Casinos’ goal is to begin work on the Durango undertaking sometime in January, February, or March of 2022. The company tried its hand with the Strip market in 2016 by purchasing the Palms Casino Resort for 2.5 million. f Station. Once construction bfree slots igtegins, the company believes it will take 18 to 24 months for the resort to be finished.On that time line, the earliest the Durango casino could open would be in July 2023. But those are considerable overhangs to overcome, and likely explain the 2021 lethargy in related operator equities.We think initial underperformance can be explained by new Covid cases in Guangdong in June and no travel relaxation between Hong Kong and Macau,” said Morgan Stanley analysts.Lifree slots igtke their US counterparts, Macau operators proved adept at cutting costs and boosting margins as a result of the coronavirus pandemic. free slot casino machines four winds casino 11111 wilson rd |