red stag casino mobile lobbyAnalysts, some of whom were surprised by the Tuesday announcement, agree there could be a significant near-term bump in visits to Macau, while noting prior estimates could now prove too conservative.Recall, Macau is the only city outside mainland to/from which mainland Chinese can freely travel without quarantine,” according to JPMorgan. Melco Resorts & Entertainment (NASDAQ:MLCO) is higher by four percent on volume that’s already more than double the daily average.It’s a Big DealIVS access for residents of Guangdong, the mainland province closest to Macau and home to approximately 113 milblackjack online indianalion citizens, is vital for the gaming hub’s rebound aspirations.Last year, nearly half of all visitors to the casino center arrived from Guangdong, and of those, 72 percent did so on IVS permits. The news is also a pleasant surprise because some gaming executives recently speculated that the earliest Beijing would greenlight new IVS issuance would be September.There’s no denying investors like today’s news. cashman casino contact numberThe stocks surged with news that Guangdong province will again issue iblackjack online indianandividual visit scheme (IVS) travel permits on Aug. In midday trading, LVS, the largest Macau operator, is higher by 5.70 percent, while Wynn is up more than six percent. 26. hard rock casino tulsa

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doubledown casino home facebookThat was before the coronavirus hit.News that Guangdong will soon resume granting IVS permissions emerges just a day after Zhuhai. Analysts, some of whom were surprised by the Tuesday announcement, agree there could be a significant near-term bump in visits to Macau, while noting prior estimates could now prove too conservative.Recall, Macau is the only city outside mainland to/from which mainland Chinese can freely travel without quarantine,” according to JPMorgan. None have opened.Penn National told Casino.org that their two satellite projects, in York and Morgantown, have been put on hold by the coronavirus. mohegan sun bonusCustomers at Indiana casinos apparently feel safe, as gross gaming revenue was strong in July. The PGCB’s 2019-20 fiscal year concluded June 30. They noted it would be sometime in the fourth quarter before turnover returned to 60 percent of 2019 levels.sycuan casino hosts

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sycuan casino 4th of july fireworks(Image: Michelle Pemberton/IndyStar)The Indiana Gaming Commission (IGC) this week released casino revenue data for July, and the state’s 13 commercial gaming venues have surprisingly quickly healed from the COVID-19 pandemic.Gross gaming revenue (GGR) from slot m26, group visas will also be issued again, but parties from regions deemed medium to high-risk for COVID-19 will be denied.News of wider-ranging IVS resumption comes less than two weeks after the Macau Inspection and Coordination Bureau (DICJ) said July gross gaming revenue (GGR) slid 94.5 percent, extending a streak of monthly declines in excess of 90 percent.Pent Up DemandWith IVS policy loosening up, concessionaires’ theory that there’s pent-up demand will be tested. On Tuesday, shares of Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) soared again. The PGCB’s 2019-20 fiscal year concluded June 30. “Now, the only meaningful ‘unknown’ is timing of the Hong Kong SAR border/quarantine easing, as demand from Hong Kong probably comprised ~10% of pre-COVID GGR, per our rough estimates.”Prior to today’s IVS announcement, JPMorgan forecast August and September GGR declines in Macau of 85 percent and 70 percent, respectively.  of 2020. bovada casino no deposit bonus codes