2024.07.18
online gambling europeGross gaming revenue (GGR) in the casino enclave of Macau slid 94.5 percent in August, marking the fifth consecutive month of declines of at least 90 percent. The ConsensusMatrix forecast calls for a retrenchment of 73 percent.The waiting game continues. The operator of five integrated resorts in the special administrative region (SAR) isn’t just the biggest concessionaire there, it’s also one of the most financially sound.Additionally, the bulk of LVS’ Macau clientele is in the mass and premium mass categories, meaning the company isn’t dependent on VIPs to drive revenue.“Although we expect lingering Chinese macroeconomic uncertainty and virus fears to elevate trading volatility in the near term, we see nothing out there at this point capable of tempering our long-term enthusiasm on the name,” said Wieczynski.The analyst, who rates LVS a “buy,” adds the operator has an “unrivaled scale,” and recent weakness in the stock is an opportunity for investors to get involved.online gambling qatarSports betting legislation is pending in seven states, according to the American Gaming Association.26. Gross gaming revenue (GGR) in the casino enclave of Macau slid 94.5 percent in August, marking the fifth consecutive month of declines of at least 90 percent. online casino trafficking online casino australia real moneycasino los angelesWhile a 94.5% drop in GGR might normally cause a panic reaction, we would expect to witness a relative no reaction to the August Macau GGR results,” said the Stifel analyst in a note to clients today. The operator of five integrated resorts in the special administrative region (SAR) isn’t just the biggest concessionaire there, it’s also one of the most financially sound.Additionally, the bulk of LVS’ Macau clientele is in the mass and premium mass categories, meaning the company isn’t dependent on VIPs to drive revenue.“Although we expect lingering Chinese macroeconomic uncertainty and virus fears to elevate trading volatility in the near term, we see nothing out there at this point capable of tempering our long-term enthusiasm on the name,” said Wieczynski.The analyst, who rates LVS a “buy,” adds the operator has an “unrivaled scale,” and recent weakness in the stock is an opportunity for investors to get involved.The operator of five integrated resorts in the special administrative region (SAR) isn’t just the biggest concessionaire there, it’s also one of the most financially sound.Additionally, the bulk of LVS’ Macau clientele is in the mass and premium mass categories, meaning the company isn’t dependent on VIPs to drive revenue.“Although we expect lingering Chinese macroeconomic uncertainty and virus fears to elevate trading volatility in the near term, we see nothing out there at this point capable of tempering our long-term enthusiasm on the name,” said Wieczynski.The analyst, who rates LVS a “buy,” adds the operator has an “unrivaled scale,” and recent weakness in the stock is an opportunity for investors to get involved.choctaw casino arcade8, the Daily Wager sports betting program will originate from the LINQ studio on the Las Vegas Strip. (Image: Getty Images)On a year-to-date basis, GGR in the world’s largest gaming center is off 82 percent, and on the heels of the rough August number, some analysts are ratcheting down 2020 forecasts.For example, Stifel analyst Steven Wieczynski lowered his estimate on Macau’s 2020 revenue decline to 65 vacation rentals near chinook winds casinopercent to 75 percent from a previous call of a drop of 60 percent to 70 percent. Gross gaming revenue (GGR) in the casino enclave of Macau slid 94.5 percent in August, marking the fifth consecutive month of declines of at least 90 percent. slot casino free downloads table games at casinoscaptain jack casino free bonus codesChicago Mayor Lori Lightfoot (D) has issued a Request for Information (RFI) to solicit ideas and strategies for the city’s forthcoming integrated resort casino. (Image: iStock)The goal of the RFI is for city officials to receive perspective from integrated resort (IR) operators and real estate developers on key issues that will be considered when evaluating proposals for the lone casino license. Those well-heeled gamblers could be waiting for the arrival of Golden Week in early October or waiting out increasing geopvacation rentals near chinook winds casinoolitical friction between the US and China. JB Pritzker (D) signed legislation last year that authorized five regional commercial casinos 26. Illinois Gov. fanduel casino.com brian christopher slots recent |