2024.07.19
thunder valley casino constructionBut average daily GGR for that period was .1 million. Las Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. Wall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. online casino floridaHowever, that was based on the notion the special administrative region’s (SAR) gaming-heavy economy would materially spring to life in the current quarter. Wall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. The analyst notes that while a COVID-19 vaccine would be a broader market positive, consumer skepticism means it could be at least six months before a virus treatment positively affects the Las Vegas convention business.Just six percent of the analyst’s LVS price target is derived from Las Vegas, with the rest attributable to Macau and Singapore.Bain is similarly lukewarm on Sands rivals MGM Resorts International (NYSE: MGM) and Wynn Resorts (NASDAQ:WYNN), another Macau-centric name. foxwoods resort casino 301 tickets river spirit casino jenks okfree online poker planningScenes from the 2017 Macau Motorcycle Grand Prix. Las Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. It delivers results for the September quarter today after the close of US markets. mohegan sun casino mallHowever, recovery timelines are being pushed out as far as 2022 amid weakness in the VIP segment and Beijing’s heavy-handed approach to cross-border money flows.“We believe some of these issues may depress Macau stock multiples until there is higher visibility,” said Bain.The analyst adds that visitation pickup may not be as “acute” as some previously hoped, and that day trips to the gaming hub, previously an integral driver of tourist volume, will “take some time to return to normalcy.”Talking Las VegasIn its home market of Las Vegas, LVS previously acknowledged struggles with executives offering candid commentary about the state of the largest domestic gaming market following the operator’s second-quarter earnings report. He rates both of those stocks “neutral.”If that doesn’t happen, the rebound time line gets pushed out to 2022.Travel Woes LingerHindering concessionaires’ ability to shake off the effects of the pandemic are still-slack visitation nuonline casino betting hotels close to jackson rancheria casinochukchansi casino grupo firmeThat figure declined to .1 million a day last week, according to JPMorgan.That is (obviously) weaker than Golden Week’s MOP0 million (US.1 million), but well above September’s MOP million. Scenes from the 2017 Macau Motorcycle Grand Prix. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traaliante casino table gamesnsparent” regarding Sin City woes. Wall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. The event is out this year because of COVID-19. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traaliante casino table gamesnsparent” regarding Sin City woes. gta 5 casino poker mgm casino junkets |