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online slots real money reddit(Image: Roadracing World)The Golden Week holiday, which concluded on Oct. JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. That is prompting at least one analyst to take a tepid view of the stock. player rewards club casino arizonaLVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traaliante casino table gamesnsparent” regarding Sin City woes. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traaliante casino table gamesnsparent” regarding Sin City woes. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traaliante casino table gamesnsparent” regarding Sin City woes. casino shooting clearwater casino resort vs towervalley forge casino comedyAnalysts are forecasting total adjusted earnings before interest, taaliante casino table gamesxes, depreciation and amortization (EBITDA) loss of 7 million, with a loss of 1.3 million sourced from Macau.Evolving Views on Macau RecoveryWhen the coronavirus pandemic initially burst onto the scene earlier this year, forcing a 15-day closure of Macau gaming properties in February, the pervasive view was that concessionaires there would struggle for the bulk of 2020. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. (Image: CNBC)In a note to clients Wednesday, Roth Capital analyst David Bain reiterates a “neutral” rating and price target on Sands, saying the company is likely to emphasize long-term conviction on the Asia-Pacific region (Macau and Singapore) despite limited near-term visibility.While the structural visitation impediments should diminish within the next few months, a catalyst for Macau visitation/earnings, we believe it is already captured in consensus estimates,” said the analyst.Traffic to the special administrative region (SAR) is trending higher this month. 4 stars casino no deposit bonus codeLas Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. It delivers results for the September quarter today after the close of US markets. However, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. cache creek casino poker room blackjack casino game frivadmiral casino email addrebLVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traaliante casino table gamesnsparent” regarding Sin City woes. That is prompting at least one analyst to take a tepid view of the stock. The reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. However, recovery timelines are being pushed out as far as 2022 amid weakness in the VIP segment and Beijing’s heavy-handed approach to cross-border money flows.“We believe some of these issues may depress Macau stock multiples until there is higher visibility,” said Bain.The analyst adds that visitation pickup may not be as “acute” as some previously hoped, and that day trips to the gaming hub, previously an integral driver of tourist volume, will “take some time to return to normalcy.”Talking Las VegasIn its home market of Las Vegas, LVS previously acknowledged struggles with executives offering candid commentary about the state of the largest domestic gaming market following the operator’s second-quarter earnings report. It reflects the IVS resumption for non-Guangdong residents (which kicked-in in earnest after Golden Week given lead-time,” note the bank’s analysts.During the earlier saliante casino table gamestages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021. (Image: Roadracing World)The Golden Week holiday, which concluded on Oct. downstream casino new years eve casino blackjack soft 17 |