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best table games in casino8, the Daily Wager sports betting program will originate from the LINQ studio on the Las Vegas Strip. Venetian Macau, a Las Vegas Sands venue. (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. poker players casino royale(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 horse slot machine casinopercent to 75 percent from a previous call of a drop of 60 percent to 70 percent. It’s going to take a while for recently loosened travel controls to have a positive impact on concessionaires’ top and bottom lines. It has been legalized, but is not yet up and running, in four states. poker olympic casino

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north lake tahoe casinosChicago Mayor Lori Lightfoot (D) has issued a Request for Information (RFI) to solicit ideas and strategies for the city’s forthcoming integrated resort casino. It will air on ESPN2 at 6 p.m. While 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.It has been legalized, but is not yet up and running, in four states. Either way, operators such as Melco Resorts & Entertainment (NASDAQ:MCLO) and Wynn Resorts (NASDAQ:WYNN) need VIP visits to materially rebound to drive share price appreciation.Stability in Macau could be seen as soon as later this year or in early 2021, according to Wieczynski.One Good IdeaConsensus sentiment is that Macau will bounce back faster than other marquee gaming markets, namely Las Vegas and Singapore, and that’s to the benefit of Las Vegas Sands (NYSE:LVS). cliff castle casino bowling alley