2024.07.19
zz top hard rock casino(Image: Bloomberg)There are six concessionaires operating in the world’s largest gaming center, three of which are based in Nevada — Las Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Wynn Resorts (NASDAQ:WYNN). 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. Wynbrian christopher slots onlinen Las Vegas and the Encore casinos on the Las Vegas Strip are putting new security measures in place, including K-9 dogs and metal scanners. 7 slots real casinoTourists at Sands’ Parisian Macau. Tourists at Sands’ Parisian Macau. Tourists at Sands’ Parisian Macau. admiral casino uk login admiral casino viennajackson rancheria to black oak casinoMGM 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. 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. 3, Maryland voters will be asked if they want to legalize sports betting. nearest casino for 18 year oldsThe Encore (seen here) and Wynn Las Vegas are implementing new security measures. But 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. Casinos, racetracks, and sports venues all want in, but Question 2 does not specify which entities would qualify.The Question additionally does not set a tax rate on sports wagering revenue, nor whether mobile betting would be allowed.Do you approve the expansion of commercial gaming in the State of Maryland to authorize sports and events betting for the primary purpose of raising revenue for education?” is the question before Marylanders.DraftKings is largely behind the campaign to bring sports betting to Maryland. mgm casino events national harbor mountaineer casino applicationmychoice hollywood casinoSecurity will also screen hand-held bags, according to the Las Vegas Review-JouMGM 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. The Encore (seen here) and Wynn Las Vegas are implementing new security measures. A February poll conducted by Goucher College found that 47 percent of likely voters support legalizing sports betting.As US/China relations become increasingly volatile, there’s speculation those operators are at risk of losing Macau permits. 3, Maryland voters will be asked if they want to legalize sports betting. mohegan sun casino hotel wilkes barre pa golden nugget casino uk |