2024.07.17
borgata casino showsHowever, that was based on the notion the special administrative region’s (SAR) gaming-heavy economy would materially spring to life in the current quarter. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. Scenes from the 2017 Macau Motorcycle Grand Prix. usa online casino free bonus no depositHowever, that was based on the notion the special administrative region’s (SAR) gaming-heavy economy would materially spring to life in the current quarter. Las Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. The analyst notes that while a COVID-19 vaccine would be a broader market positive, consumer skepticism means it could be at least six months before a virus treatment positively affects the Las Vegas convention business.Just six percent of the analyst’s LVS price target is derived from Las Vegas, with the rest attributable to Macau and Singapore.Bain is similarly lukewarm on Sands rivals MGM Resorts International (NYSE: MGM) and Wynn Resorts (NASDAQ:WYNN), another Macau-centric name. telephone number for desert diamond casino raging bull casino no deposit bonus codes 2021 australiacoushatta casino water parkThat’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. However, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. If that doesn’t happen, the rebound time line gets pushed out to 2022.Travel Woes LingerHindering concessionaires’ ability to shake off the effects of the pandemic are still-slack visitation nucasino near me casino near me(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. Wall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. He rates both of those stocks “neutral.”choctaw casino new years eve 2021 boomtown casino new orleans hoursm.lobby.ruby slotsIt delivers results for the September quarter today after the close of US markets. JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. However, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. 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. The analyst notes that while a COVID-19 vaccine would be a broader market positive, consumer skepticism means it could be at least six months before a virus treatment positively affects the Las Vegas convention business.Just six percent of the analyst’s LVS price target is derived from Las Vegas, with the rest attributable to Macau and Singapore.Bain is similarly lukewarm on Sands rivals MGM Resorts International (NYSE: MGM) and Wynn Resorts (NASDAQ:WYNN), another Macau-centric name. online gambling for real money encore casino garden brunch |