chumba casino envelopesGross gambling revenue (GGR) totaled .28 billion in December, a 16.6 percent year-over-year surge. That’s more bad news for US operators like LVS, Wynn Resorts, and MGM Resorts, which all draw a large portion of their revenues from the Macau market.Recent research by UBS’s Robin Farley suggests that while tourists and gamblers are still visiting Macau — and pplanet 7 online casino bonus codeslan to through 2019 — they’re spending less, and higher-income gamblers are staying away.Bearish Sentiment Overdone?Analysts expect the global markets to continue to experience a downtrend over the next few weeks — and while there is plenty of uncertainty, talk of a looming worldwide recession is probably wide of the mark, says Craig Johnson, chief market technician at PiperJaffray.While acknowledging there are fundamental concerns, we do not believe the current economic backdrop warrants the degree of bearish sentiment and suspect the proverbial bar for stocks has dropped significantly,” Johnson said in a note to clients.“Technically, we continue to see signs of an intermediate-term bottom emerging and recommend investors tactically deploy capital back into equities.”Gross gambling revenue (GGR) totaled .28 billion in December, a 16.6 percent year-over-year surge. roulette casino argo 50An index of Macau casino stocks showed that shares fell by 3.8 percent across the entire sector.Last year began positively for investors in casino stock, particularly in the US, where the markets were buoyed by US President Donald Trump’s corporate tax cuts. Gross gambling revenue (GGR) totaled .28 billion in December, a 16.6 percent year-over-year surge. Gross gambling revenue (GGR) totaled .28 billion in December, a 16.6 percent year-over-year surge. mountaineer casino smoking policy

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roulette at the casinoMacau casinos welcomed more people in 2018 than they did in 2017, and that led to an increase in gross gambling revenue. But those gains were short-lived, and casinos were a losing bet for US investors in 2018.Most of the major US players finished the year down more than 30 percent — their worst performance since the recession.The Dow Jones US Gambling Index, which monitors American casino stock, showed the sector’s shares plunged 33 percent for the year, in comparison with a combined average drop of 5.5 percent for other sectors.Uncertainty for MacauBut in Macau — despite misgivings that the slowing Chinese economy and the escalating US-China trade war would impact revenues in the world’s largest casino market — the enclave continued to experience growth and its casino stocks have been largely resilient.Macau is almost completely reliant on Chinese visitation and has a lot to lose from a slowdown in the Chinese economy. Gaming taxes account for around 80 percent of the enclave government’s total revenue.Much is uncertain in the years ahead regarding the gaming industry. wild horse pab casino reviews(Image: Bloomberg)An increase in mass market visitation has been credited for the gaming rebound, as casino resorts continue to pivot away from the high roller to more of the general public. Licenses for SJM Holdings and MGM Resorts are set to expire in 2020, and the four other operators – Sands, Wynn, Galaxy Entertainment, Melco – will see their concessions expire in 2022.Industry analysts expect all six operators to receive new licenses, but at what cost remains uncertain. Macau casinos won 302,846 MOP (.54 billion) in 2018, a 14 percent premium on 2017 and the enclave’s highest mark since 2014. tgi gold coast casino

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casino near me louisianaAn index of Macau casino stocks showed that shares fell by 3.8 percent across the entire sector.Last year began positively for investors in casino stock, particularly in the US, where the markets were buoyed by US President Donald Trump’s corporate tax cuts. Macau casinos welcomed more people in 2018 than they did in 2017, and that led to an increase in gross gambling revenue. (Image: Bloomberg)An increase in mass market visitation has been credited for the gaming rebound, as casino resorts continue to pivot away from the high roller to more of the general public. To keep rooms occupied and their gaming floors busy, resorts began catering to the mass market with new offerings and non-gaming lures.The transition is paying off for casino operators, and the good fortune comes as concerns continue to linger regarding the ongoing US-China trade war.The Macau Government Tourist Office (MGTO) says overall visitation was up nine percent through November, with more than 32.2 million people making their way to the enclave in the first 11 months of 2018. That’s more bad news for US operators like LVS, Wynn Resorts, and MGM Resorts, which all draw a large portion of their revenues from the Macau market.Recent research by UBS’s Robin Farley suggests that while tourists and gamblers are still visiting Macau — and pplanet 7 online casino bonus codeslan to through 2019 — they’re spending less, and higher-income gamblers are staying away.Bearish Sentiment Overdone?Analysts expect the global markets to continue to experience a downtrend over the next few weeks — and while there is plenty of uncertainty, talk of a looming worldwide recession is probably wide of the mark, says Craig Johnson, chief market technician at PiperJaffray.While acknowledging there are fundamental concerns, we do not believe the current economic backdrop warrants the degree of bearish sentiment and suspect the proverbial bar for stocks has dropped significantly,” Johnson said in a note to clients.“Technically, we continue to see signs of an intermediate-term bottom emerging and recommend investors tactically deploy capital back into equities.”Gaming taxes account for around 80 percent of the enclave government’s total revenue.Much is uncertain in the years ahead regarding the gaming industry. peppermill casinos inc properties