harrah s cherokee casino slot machinesThe stocks surged with news that Guangdong province will again issue i9 casino road marinondividual visit scheme (IVS) travel permits on Aug. “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. 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. firekeepers casino event seating chartThey noted it would be sometime in the fourth quarter before turnover returned to 60 percent of 2019 levels.(Image: Bloomberg)The news brings much-needed clarity on IVS policy. 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. does the wynn have a casino

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luckyland casino downloadIssuance of those travel permits was halted late last year in advance of President Xi Jinping’s visit to the special administrative region (SAR). Macau is likely to get much busier over the near-term after Guangdong signed off on reissuance of IVS visas. 26, 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. maryland live casino 100 free playa city in the province, said it would start issuing tourist visas again. That was before the coronavirus hit.News that Guangdong will soon resume granting IVS permissions emerges just a day after Zhuhai. “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. mohegan sun casino zip code

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