2024.07.17
gold coast casino floor map(Image: Roadracing World)The Golden Week holiday, which concluded on Oct. Las Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. jackson rancheria casino human resourcesogram offered by a commercial operator in the top six and ranks well ahead of Boyd Gaming’s B Connected and MGM Resorts’ M life Rewards, which are ninth and tenth, respectively.8, was sluggish compared to prior years. 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 nublackjack online in canada chukchansi casino 2014mohegan sun pocono vs mount airy casinoThe Sands Macau seen here. ogram offered by a commercial operator in the top six and ranks well ahead of Boyd Gaming’s B Connected and MGM Resorts’ M life Rewards, which are ninth and tenth, respectively.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 nublack lotus casino best slotsWall 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. 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. free online poker hud turtle lake casino campingmountaineer casino mask rulesThe reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. That’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. (Image: CNBC)In a note to clients Wednesday, Roth Capital analyst David Bain reiterates a “neutral” rating and price target on Sands, saying the company is likely to emphasize long-term conviction on the Asia-Pacific region (Macau and Singapore) despite limited near-term visibility.While the structural visitation impediments should diminish within the next few months, a catalyst for Macau visitation/earnings, we believe it is already captured in consensus estimates,” said the analyst.Traffic to the special administrative region (SAR) is trending higher this month. It reflects the IVS resumption for non-Guangdong residents (which kicked-in in earnest after Golden Week given lead-time,” note the bank’s analysts.During the earlier sonline gambling platformstages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021. Analysts are forecasting total adjusted earnings before interest, taonline gambling platformsxes, depreciation and amortization (EBITDA) loss of 7 million, with a loss of 1.3 million sourced from Macau.Evolving Views on Macau RecoveryWhen the coronavirus pandemic initially burst onto the scene earlier this year, forcing a 15-day closure of Macau gaming properties in February, the pervasive view was that concessionaires there would struggle for the bulk of 2020. luckyland casino no deposit bonus codes 2021 island view casino ms |