2024.07.17
chumba bet casino loginLingering hostilities between the US and China, the world’s two largest economies, probably won’t result in American operators losing rights to run casinos in Macau, according to Bernstein analysts. (Image: Las Vegas Review-Journal)Patrons entering the Wynn Resorts properties will now be scanned for metal objects. If a simple majority backs the ballot referendum, the Old Line State will join neighbors Pennsylvania, Delaware, West Virginia, and DC in permitting legal gambling on sports.Question 2 — the Sports Betting Expansion Measure — is vague at best. casino near vdaraBut Bernstein dispels that notion.We view the scenario where one or more of the US casino operators lose their gaming concession to be remote, unless the [US-China] relationship sours significantly further and we see directed action against US businesses in China, which would raise risk levels in Macau as well,” said the research firm.Sands is the largest operator in the Special Administrative Region (SAR), controlling five properties there. The initiative does not say where sports betting would be permitted. Heading into 2020, consensus wisdom was that renewal talks would start this year. online casino games bonus no deposit valley forge casino event centerlake tahoe casino poolsLVS generates more than 80 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from its Asia-Pacific operations, Macau and Singapore. (Image: Las Vegas Review-Journal)Patrons entering the Wynn Resorts properties will now be scanned for metal objects. Local law gives authorities some wiggle room in that they can renew current accords with gaming companies and revisit the license renewal issue in 2027.Bernstein says it’s probable Macau operators could see some regulations to deal with, and it’s unlikely the market will open to new competitors.“There are many levers at the government’s disposal — e.g., altering the gross gaming revenue (GGR) tax, imposing taxation on gaming profits, imposing taxation on dividends, mandating up-front fees,” according to the brokerage house.Sigh of ReliefFor investors, Bernstein’s commentary on the fate of US operators in Macau is likely a relief, because loss of exposure to that market would be highly damaging to the thesis on these names. saratoga casino black hawk jobsMGM and Wynn each own two integrated resorts in the lone Chinese territory where gambling is permitted.Things Stay the Same…ProbablyLicenses for all six Macau concessionaires expire in mid-2022. Likewise, Wynn counts on Macau for two-thirds or more of EBITDA and revenue in typical quarters in standard operating climates.Fortunately, China isn’t displaying overt hostility to American companies doing business there. (Image: Las Vegas Review-Journal)Patrons entering the Wynn Resorts properties will now be scanned for metal objects. downstream casino in oklahoma mgm grand casino hostblack hawk casino stroud okAnalysts believe it’s likdesert diamond casino ajo azely US operators will have licenses renewed there. Tourists at Sands’ Parisian Macau. Likewise, Wynn counts on Macau for two-thirds or more of EBITDA and revenue in typical quarters in standard operating climates.Fortunately, China isn’t displaying overt hostility to American companies doing business there. (Image: Las Vegas Review-Journal)Patrons entering the Wynn Resorts properties will now be scanned for metal objects. The sportsbook and daily fantasy sports operator has donated 0,000 to the “Vote Yes on Question 2” campaign.The ballot referendum outcome is expected to be close. Tourists at Sands’ Parisian Macau. angel of the winds casino app chinook winds casino resort zoominfo |