2024.07.17
golden nugget casino roomsIt’s not unreasonable to expect Beijing realizes it could do more harm than good to Macau if marquee brands such as Sands and Wynn are driven from the market.“Directly attacking US business (especially ones that have been solid partners to the Macau government) is not a very likely course of action,” notes Bernstein.It’s not unreasonable to expect Beijing realizes it could do more harm than good to Macau if marquee brands such as Sands and Wynn are driven from the market.“Directly attacking US business (especially ones that have been solid partners to the Macau government) is not a very likely course of action,” notes Bernstein.LVS generates more than 80 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from its Asia-Pacific operations, Macau and Singapore. boomtown casino lake tahoeHeading into 2020, consensus wisdom was that renewal talks would start this year. The two Wynn Resorts properties are side-by-side on the Las Vegas Strip. Wynonline casino real money singaporen 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. slot king casino no deposit bonus codes free slots sevensdesert diamond casino phoenix azAnalysts believe it’s likonline casino real money singaporeely US operators will have licenses renewed there. Tourists at Sands’ Parisian Macau. (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). big dollar casino sister casinosThe two Wynn Resorts properties are side-by-side on the Las Vegas Strip. Analysts believe it’s likonline casino real money singaporeely US operators will have licenses renewed there. Heading into 2020, consensus wisdom was that renewal talks would start this year. slot players in casino phone number for oxford casinoborgata casino in atlantic city new jerseyAs US/China relations become increasingly volatile, there’s speculation those operators are at risk of losing Macau permits. It’s not unreasonable to expect Beijing realizes it could do more harm than good to Macau if marquee brands such as Sands and Wynn are driven from the market.“Directly attacking US business (especially ones that have been solid partners to the Macau government) is not a very likely course of action,” notes Bernstein.Likewise, Wynn counts on Macau for two-thirds or more of EBITDA and revenue in typical quarters in standard operating climates.Fortunately, China isn’t displaying overt hostility to American companies doing business there. Analysts believe it’s likonline casino real money singaporeely US operators will have licenses renewed there. 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. The Encore (seen here) and Wynn Las Vegas are implementing new security measures. live casino online betting firekeepers casino coupon code |