2024.07.19
chinook winds casino and resortLawrence Ho says Macau casino revenue will rebound with a trade war resolution between the US and China. “But I think for most operators, and especially Melco, our bottom line has been very strong. It is certainly having an impact on … how much people spend.”Visitor arrivals are actually surging in 2019, with the Macau Government Tourism Office smorongo casino tv commercialaying 30.2 million peoples ventured to the enclave through September. poker parx casinoI think these are all positive impacts for Macau,” the gaming tycoon added.Japan UpdateMelco Resorts owns three integrated resorts in Macau, another in the Philippines, and soon Cyprus. “But it’s as expected with the US-China trade war, renminbi devaluation. Billionaire Melco Resorts CEO Lawrence Ho says the ongoing trade war between China and the US is most responsible for what he calls a “down year” in the casino enclave. casino slot hot 40 bet big dollar casino codeshard rock casino hotel punta cana 5*Policymakers are hoping a new gaming property will bring more tourists to the city and create more jobs, bolstering revenue in the process.Also, a stabilization of the renminbi. “But I think for most operators, and especially Melco, our bottom line has been very strong. river spirit casino upcoming concertsThe Asian nation is in the lengthy process of issuing three IR licenses.Melco is targeting Yokohama for its multibillion-dollar project. Ho desperately hopes to add another country to that list: Japan.Like Las Vegas Sands, MGM Resorts, Wynn morongo casino tv commercialResorts, Hard Rock, Galaxy Entertainment, and most every other major casino operator, Melco is focused on winning licensure in Japan. A JoltWhile there’s opposition to casino gaming in Yokohama, it’s easy to understand why politicians there want to bring an integrated resort to town, and those reasons extend beyond the aforementioned budget woes.The city is currently home to 3.72 million residents, but that figure is expected to peak this year and steadily decline in the years ahead, potentially straining the region’s ability to collect taxes.Additionally, local infrastructure is in dire need of updating, and those projects aren’t cheap. phone number for seneca niagara casino borgata online casino nj bonus codechukchansi casino food giveaway“But it’s as expected with the US-China trade war, renminbi devaluation. The Macao Gaming Show (MGS) 2019 expo at the Venetian Macao pulled in almost 20,000 visitors last week, according to organizers. Ho said he’s in Japan almost weekly.Ho explained that unlike the frontrunners – Sands and MGM, who are respectively targeting Tokyo and Osaka – Melco is better-positioned to meet Japan’s goal of legalizing the properties.“We understand the Japanese government, part of their strategy for integrated resorts is to introduce people to regional Japanese cities,” Ho stated. “But it’s as expected with the US-China trade war, renminbi devaluation. That’s thanks to the … bridge and having the benefit of that for the full year.”Ho said he hopes media reports suggesting a first phase of a trade deal between China and the US will happen soon.“I think that’s going to give a lot of confidence to the traveling consumer, that there is an end to this thing. “Cities that are less-visited. cache creek casino resort hotel pechanga casino owner |