2024.07.18
peppermill casino reno spaGross gaming revenue (GGR) in the casino enclave of Macau slid 94.5 percent in August, marking the fifth consecutive month of declines of at least 90 percent. (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. But with approval times taking a week or longer, it was widely expected that good news wouldn’t have any impact on August GGR figures.Nearing the Bright Side With the freeze on individual visit scheme (IVS) visas lifted in Guangdong, and the rest of the mainland slated to follow suit on Sept. slot machine casino san jose26. (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 free casino slot games for my phonepercent to 75 percent from a previous call of a drop of 60 percent to 70 percent. “We fully believe investors understand what the Macau market is up against at this point and remain prepared for an uncertain near-term time frame.”Last month, the city of Zhuhai in Guangdong province started reissuing tourist visas, with the rest of the region doing so on Aug. harrahs casino rules pechanga casino mask policyfour winds casino resort new buffalo michiganChicago Mayor Lori Lightfoot (D) has issued a Request for Information (RFI) to solicit ideas and strategies for the city’s forthcoming integrated resort casino. Venetian Macau, a Las Vegas Sands venue. The network began operations in Las Vegas last month in a 6,000-square-foot studio at the LINQ Hotel.The network initially is producing segments from the studio for its digital platforms and a SportsCenter news and highlights show.Beginning Sept. draftkings casino downIt will air on ESPN2 at 6 p.m. Chicago Mayor Lori Lightfoot (D) has issued a Request for Information (RFI) to solicit ideas and strategies for the city’s forthcoming integrated resort casino. JB Pritzker (D) signed legislation last year that authorized five regional commercial casinos firekeepers casino cafe 24 7 desert diamond casino old nogales highwaychoctaw casino jackpotsEither 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). d play in the summer at venues with no fans.Betting on Las VegasSports broadcasting giant ESPN also is expanding in an effort to tap into the sports betting market. Illinois Gov. Gross gaming revenue (GGR) in the casino enclave of Macau slid 94.5 percent in August, marking the fifth consecutive month of declines of at least 90 percent. 8, the Daily Wager sports betting program will originate from the LINQ studio on the Las Vegas Strip. 23, there are reasons to believe the last few months of 2020 will bring better data out of the Chinese gaming center.There does seem to be light at the end of the tunnel, as visitation levels are slowly improving, given the recent IVS ban has been lifted,” said Wieczynski.Over the near-term, a primary issue for Macau operators is that VIP and premium mass players are still in wait-and-see mode. chumba casino giveaway online gambling texas holdem |