2024.07.08
river spirit casino zip code(Image: Seth Wenig/AP)The MGM Resorts property in the Marina District is the last Atlantic City casino to welcome back guests. After 132 days of being closed, Borgata will reopen to the general public on July 26. The Guangdong healthcare seclusion policy ends on Wednesday morning.In a note to clients today, Union Gaming analyst John DeCree raised his rating on Wynn to “buy” from “hold,” while noting the Encore operator is positioned to lead a recovery in Macau gaming equities.We expect the initial recovery will be in the premium mass and VIP segments, and anticipate a flight to asset quality for both investors and consumers,” said DeCree. little river casino online “As we have seen so often in the past, we expect the shares of Wynn Resorts/Macau to lead the initial recovery in the Macau names.”Wynn is one of the Macau operators more levered to VIP trends, whereas rival Las Vegas Sands (NYSE:LVS) is more dependent on the mass and premium mass market demographics.More Work to Be DoneGuangdong relaxing its travel controls with Macau is undoubtedly a step in the right direction for concessionaires because the province is the largest feeder market for the gaming hub. resorts world casino covid 19The stock trades near at this writing.State taxes from gaming through June totals 2.7 million. Phil Murphy (D) ordered the gaming venues to temporarily suspend their operations on March 16, but lifted the directive effective July 2.Borgata opted to remain dark after Murphy abruptly changed his mind regarding indoor dining. twin river casino expansion aliante casino curfewdrake casino mobile loginBut there’s still work to be done.For example, some analysts estimate it will be February 2021 before the gaming center’s visitation numbers show year-over-year growth. “If we cannot provide that level of hospitality, we feel it’s best that we remain closed until such time that the governor lets us know it is safe to offer food and beverage.”But with Murphy in no rush to resume indoor dining and drinking, Borgata is apparently moving forward with reopening Atlantic City’s top gaming revenue property. Wynn Palace, seen here, operator is poised to lead a recovery in Macau equities, says Union Gaming analyst John DeCree. hard rock casino wheatlandAfter 132 days of being closed, Borgata will reopen to the general public on July 26. New Jersey Gov. The stock trades near at this writing.little river casino commercial scarlet pearl casino hotel roomsblackjack casino in kolkataPhil Murphy (D) ordered the gaming venues to temporarily suspend their operations on March 16, but lifted the directive effective July 2.Borgata opted to remain dark after Murphy abruptly changed his mind regarding indoor dining. (Image: Seth Wenig/AP)The MGM Resorts property in the Marina District is the last Atlantic City casino to welcome back guests. Wynn Palace, seen here, operator is poised to lead a recovery in Macau equities, says Union Gaming analyst John DeCree. Phil Murphy (D) ordered the gaming venues to temporarily suspend their operations on March 16, but lifted the directive effective July 2.Borgata opted to remain dark after Murphy abruptly changed his mind regarding indoor dining. State taxes from gaming through June totals 2.7 million. The operator’s other US property, Encore Boston Harbor, reopened a few days ago.However, Macau is by far Wynn’s most important market, generating two-thirds or more of the company’s revenue and earnings before interest, taxes, depreciation and amortizations (EBITDA) in any given quarter.Analysts are mostly bullish on the name, with 13 of the 20 covering the stock rating it the equivalent of “buy” or “strong buy.” The consensus sell-side price target on Wynn is around . nearest casino near branson mo cache creek casino employment verification |