Caesar Casino Atlantic City Online  Strip aren’t welcoming as many high rollers as they once did. (Image: Macau News)September should have been an easy comparable, as the month in 2018 was hampered by Typhoon Mangkhut. Luckyland Casino App Download Cfkg The tropical cyclone forced casinos to close for 33 hours – the first in the gambling mecca’s history. online slots real money no deposit canada Despite more than a day short of GGR in 2018, casinos faced new challenges last month. A weakening Chinese economy, the ongoing US and China trade war, and social unrest in nearby Hong Kong all slowed casino activity. d casino hotel rooms Twin River Casino Games Arhy However, September essentially fell in line with the median gaming industry expectations, which predicted one percent growth. online gambling oklahoma Difficulties AheadTo put September 2019 into perspective, the last time Macau casinos saw GGR dip below MOP22 billion came a year ago this month. 9 casino slots

September 2018 was the region’s worst gaming win month since September 2017, when the floors kept MOP 21. 36 billion. doubledown casino slots Casino Under 18 Near Me Hxed Through three quarters of 2019, Macau casino win stands at . 34 billion – a 1. riverwind casino security 7 percent decrease. Five of the nine recorded months saw GGR reduced compared to the same months in 2018. The biggest loser came in August, when win dropped 8.

Key Insights and Expert Analysis

6 percent. It’s expected to only get worse before it gets better. October kicks off with the annual Golden Week holiday, but analysts aren’t optimistic for the week-long celebration. casino queen poker Reduced VIP traffic has led to casinos handing out more comps and incentives to customers in the mass market segment. “Room comps will be high …golden nugget casino cards but likely go to an average lower-spend customer than in 2018,” analysts at Sanford C. Bernstein explained. Those same analysts said VIP revenue declined 12-14 percent last month, while mass play increased 11-13 percent.

Looking ahead, Bernstein is forecasting GGR to decline three to six percent in October. pechanga casino gift shop desert diamond casino on valencia With Golden Week leading off the month, the trend so far is not looking too optimistic, based on our recent conversations with industry participants in Macau,” the firm stated. The Macau Tourism Office is expecting visitor arrivals to increase 15 percent on 2018’s Golden Week total of 890,000. The surge comes not from the high roller, but the VIP. Last October’s opening of the 34-mile Hong Kong to Macau bridge slashes automobile travel time between the two Special Administrative Regions from around four hours to just 35 minutes. A room search for Wednesday through Sunday found no availability at The Venetian and Parisian, Morpheus, and Wynn Palace. Caesar Casino Group Onov Occupancies were available at City of Dreams, MGM Macau, and MGM Cotai.

Stock ReactionStocks of the six licensed casino operators – Sands, Wynn, MGM, Galaxy, SJM, and Melco – didn’t trade on Tuesday due to the Golden Week holiday closure of the Hong Kong Stock Exchange. casino n carolina In the US, the four traded casino companies saw mixed results. online casino with real cash payouts luckyland slots gift card jamul casino non smoking Sands, MGM, and Melco were all relatively flat in morning trading. Wynn was up 1. 3 percent as of noon. admiral casino online games Hard Rock International, which is competing with two other firms tgolden nugget casino cardso open an integrated resort in Rockford, Ill. turtle creek casino concerts 2019 wild horse pab casino maricopa az , won a prized endorsement Monday from Mayor Tom McNamara (D) and city staff.

Hard Rock International won a key endorsement in its bid to build a casino in Rockford. Ill. (Image: USA Today)Last month, Hard Rock, which operates 11 casinos, unveiled a bid to construct a gaming property adjacent to an on-ramp for Interstate 90 (I-90). The company is pitching a casino with 1,500 slot machines and 55 table games, as well as a 1,600-seat entertainment venue. A pledge to deliver at least million in annual tax revenue to Rockford appears to be the catalyst for McNamara and city staff recommending that the Illinois Gaming Board (IGB) approve Hard Rock’s plans for the Prairie State