2024.07.17
foxwoods resort casino rhode island(Image: Berkshire Hathaway HomeServices)The former Strip tycoon departed his namesake casino firm in 2018. Steve Wynn hasn’t been involved in the US gaming industry for more than three years. Steve Wynn hasn’t been involved in the US gaming industry for more than three years. no deposit bonus casino reviews(Image: Berkshire Hathaway HomeServices)The former Strip tycoon departed his namesake casino firm in 2018. It’s the only gaming equity in the group.Waiting on LVS Stock to BenefitAmid the recent spike in 10-year yields, LVS isn’t proving too responsive, gaining just 1.65 percent over the past three months.That’s likely a symptom of a sluggish recovery in Macau – the company’s largest market. LVS’s Venetian Macau, seen above. turtle creek casino facebook four winds casino resort hotelkansas star casino steakhouseSands China runs five integrated resorts in the world’s biggest gaming center. That makes it vulnerable to recent speculation that authorities there are looking to implement tighter controls over the casino industry.Shares of US-based Macau operators, including Sands, have also been hampered by speculation that those companies could be ensnared in the geopolitical tensions between the US and China. LVS’s Venetian Macau, seen above. tropicana in laughlin nvBut the broader market isn’t being hampered by that scenario this year.As higher readings of the Consumer Price Index (CPI) pertain to gaming equities, including LVS, conventional wisdom is that consumer discretionary — the sector where casino stocks reside — is among the groups most vulnerable to soaring inflation.As the script goes, higher energy costs and reduced purchasing power due to higher prices in general eat away at nonessential consumer spending,” according to Charles Schwab research.Sands might be able to contend with persistent inflation for a simple reason: The CPI is a domestic gauge and the company currently has no operations in the US.The Wynn Reisland view casino entertainment schedulesorts founder and former chairman and CEO has been trying to sell the mansion for more than a year. (Image: Joe Cavaretta/AP)The gaming equity’s penchant for sturdiness as 10-year yields rise is worth remembering, because Bank of America strategists are forecasting a jump to two percent for those bond yields by the end of 2022. casino poker tournaments pechanga casino grupo firmepechanga casino pokerWhile off the high of 1.67 percent touched last week, ten-year Treasury yields are up 22.68 percent over the past three months. But market observers and the operators themselves appear comfortable saying licenses will be renewed.The prevailing wisdom among many in the investment community is that Macau’s gaming industry, while the largest in the world, is of little consequence in the broader scheme of hostilities between the world’s two largest economies. That’s after career-ending accusations regarding his alleged inappropriate behavior with female employees came to light. The Wynn Reisland view casino entertainment schedulesorts founder and former chairman and CEO has been trying to sell the mansion for more than a year. The Summerlin estate owned by Steve Wynn is seen with the Las Vegas Strip in the background. But market observers and the operators themselves appear comfortable saying licenses will be renewed.The prevailing wisdom among many in the investment community is that Macau’s gaming industry, while the largest in the world, is of little consequence in the broader scheme of hostilities between the world’s two largest economies. bicycle casino coronavirus mgm casino bus trips |