2024.07.17
zeus casino slot machine(Image: Las Vegas Review-Journal)Maybank associate research director Samuel Yin Shao Yang says it’s unlikely the new venue will be profitable right out of the gates, citing the effects of the coronavirus pandemic on the US gaming market, in particular Sin City.The United States is now the country worst hit by the COVID-19 pandemic,” writes Yin in a note to clients. The company is coming off its worst second-quarter performance in a decade, and its Genting Hong Kong cruise line is on the brink of collapse because of the pandemic.With 3,500 rooms and 110,000 square feet of gaming space, Genting’s first Las Vegas venue could have its work cut out for it in terms of generating high occupancy rates and solid gaming revenue. That’s unless a vaccine emerges and the US economy rapidly improves prior to the resort’s opening.Genting Can Be PatientGenting owns and operates casinos in Malaysia, other parts of the US, Singapore, Philippines, and the Bahamas, so it has the luxury of waiting for a new property, in this case, Resorts World Las Vegas, to ramp-up.The company owns nearly half of Genting Singapore, operator of Resorts World Sentosa. poker casino gran via9 with restrictions. Genting Berhad is unlikely to realize rapid profits at Resorts World Las Vegas when the .3 billion integrated resort opens on the Strip next year, according to a brokerage firm. A new campaign, titled “Discover Your Nevada,” encourages residents to get out and explore the state.resorts casino atlantic city golden nugget casino laughlin nevadachinook winds casino daycareLas Vegas’ main airport year-to-date has processed 12.3 million arriving and departing passengers, a 54.2 percent year-over-year decline, or roughly 14.6 million fewer people.Daily auto traffic at the I-15 Nevada-California border is down 25.4 percent January through July.With fewer visitors, Nevada is promoting its rural areas to its own people. 9 with restrictions. The Sept. casino saratoga nyConstruction on Resorts World Las Vegas in 2018. The Sept. 9, with a cap on the number of people allowed inside. coushatta casino non smoking riverwind casino rv parkingis the wild horse pab casino openThe company is coming off its worst second-quarter performance in a decade, and its Genting Hong Kong cruise line is on the brink of collapse because of the pandemic.With 3,500 rooms and 110,000 square feet of gaming space, Genting’s first Las Vegas venue could have its work cut out for it in terms of generating high occupancy rates and solid gaming revenue. He said indoor dining in New York City still is not permitted.Budget CrunchIn mid-March, Cuomo directed the state’s casinos and other “nonessential” businesses to close as COVID-19 deaths surged statewide. Casinos throughout New York have the go-ahead to reopen Sept. Andrew Cuomo (D) made the announcement Thursday, Sept. 9 with restrictions. Table games will be allowed if approved physical barriers are in place, according to the governor’s directive.Also Thursday, Cuomo said malls will be allowed to reopen Sept. aliante casino reviews turtle creek casino phone number |