casino style roulette tableLed by a 46 percent slashing at Melco Resorts & Entertainment (NASDAQ:MLCO), Macau operators, on average, trimmed operating costs by 35 percent since the health crisis started.As such, Morgan Stanley forecasts the companies need GGR to return to just 80 percent of pre-pandemic levels to get earnings before interest, taxes, depreciation and amortization (EBITDA) back to 2019 highs.“We remain constructive in the hope of the border opening and eventual extension of licenses, both of which we expect in second-half 2021,” said the bank.Regulatory Clouds Need to PartIn an effort to improve consumer outcomes and reduce monopoly potential, Beijing is cracking down on Chinese internet companies, particularly those with heavy consumer-facing businesses.The result is a calamity for global investors as hundreds of billions of market value have been wiped off companies, such as Alibaba, Didi, Meituan, and Tencent. (Image: NPR)Recent gross gaming revenue (GGR) data suggests that despite an increase in COVID-19 cases in the neighboring Guangdong province and the persistent lack of a travel bubble with Hong Kong, things are starting to trend the right way for Macau. Morgan Stanley sees the casino center bouncing back. hard rock casino lake tahoe poker roomThat’s even as some investors fret about regulatory risk from Beijing. But that process is being delayed because of the pandemic. Earlier this week, Beijing called an emergency meeting with major international asset managers and investment banks, looking to assuage fears about the regulatory clampdown. resorts casino live cam

island view casino hotel rooms

turtle lake casino table gamesShares of Macau concessionaires continue sagging. But Morgan Stanley is bullish on the long-term outlook for the world’s largest casino center. Station’s Durango project site is five miles from the nearest current casino in operation. choctaw casino stringtownMorgan Stanley sees the casino center bouncing back. Station’s Durango project site is five miles from the nearest current casino in operation. Our primary focus right now has really been on Durango, which we think is a great development opportunity in the most underserved part of the Las Vegas Valley,” Frank Fertitta III said this week. the harrah s casino in laughlin

big 6 hollywood casino

chinook winds casino gift cardsStation Casinos dominates the local casino market in Southern Nevada. Our primary focus right now has really been on Durango, which we think is a great development opportunity in the most underserved part of the Las Vegas Valley,” Frank Fertitta III said this week. Shares of Macau concessionaires continue sagging. Station’s Durango project site is five miles from the nearest current casino in operation. Morgan Stanley says it’s likely Macau will extend all gaming That’s even as some investors fret about regulatory risk from Beijing. peppermill casino wendover nevada