2024.07.19
slot machines at jack casinoTourists at Sands’ Parisian Macau. Lingering hostilities between the US and China, the world’s two largest economies, probably won’t result in American operators losing rights to run casinos in Macau, according to Bernstein analysts. Local law gives authorities some wiggle room in that they can renew current accords with gaming companies and revisit the license renewal issue in 2027.Bernstein says it’s probable Macau operators could see some regulations to deal with, and it’s unlikely the market will open to new competitors.“There are many levers at the government’s disposal — e.g., altering the gross gaming revenue (GGR) tax, imposing taxation on gaming profits, imposing taxation on dividends, mandating up-front fees,” according to the brokerage house.Sigh of ReliefFor investors, Bernstein’s commentary on the fate of US operators in Macau is likely a relief, because loss of exposure to that market would be highly damaging to the thesis on these names. casino worldIt’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.Local law gives authorities some wiggle room in that they can renew current accords with gaming companies and revisit the license renewal issue in 2027.Bernstein says it’s probable Macau operators could see some regulations to deal with, and it’s unlikely the market will open to new competitors.“There are many levers at the government’s disposal — e.g., altering the gross gaming revenue (GGR) tax, imposing taxation on gaming profits, imposing taxation on dividends, mandating up-front fees,” according to the brokerage house.Sigh of ReliefFor investors, Bernstein’s commentary on the fate of US operators in Macau is likely a relief, because loss of exposure to that market would be highly damaging to the thesis on these names. Analysts believe it’s likclearwater casino on bainbridge islandely US operators will have licenses renewed there. foxwoods resort casino ledyard connecticut lake tahoe casinos masksbook of ra online casino real moneytionOn Nov. 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. island view casino webcamLVS generates more than 80 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from its Asia-Pacific operations, Macau and Singapore. The two Wynn Resorts properties are side-by-side on the Las Vegas Strip. The initiative does not say where sports betting would be permitted. golden palace casino sport bruxelles scarlet pearl casino phone numberlive casino cards3, Maryland voters will be asked if they want to legalize sports betting. The Encore (seen here) and Wynn Las Vegas are implementing new security measures. (Image: Las Vegas Review-Journal)Patrons entering the Wynn Resorts properties will now be scanned for metal objects. Lingering hostilities between the US and China, the world’s two largest economies, probably won’t result in American operators losing rights to run casinos in Macau, according to Bernstein analysts. 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.As US/China relations become increasingly volatile, there’s speculation those operators are at risk of losing Macau permits. cache creek casino youtube free slot games rainbow riches |