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black oak casino family floorOther mainland China regions join the party on Sept. Macau officials and concessionaires were hoping for guidance since integrated resorts in the world’s largest gaming center were shuttered for 15 days in February. Melco Resorts & Entertainment (NASDAQ:MLCO) is higher by four percent on volume that’s already more than double the daily average.It’s a Big DealIVS access for residents of Guangdong, the mainland province closest to Macau and home to approximately 113 mil9 casino road marinolion citizens, is vital for the gaming hub’s rebound aspirations.Last year, nearly half of all visitors to the casino center arrived from Guangdong, and of those, 72 percent did so on IVS permits. q casino concertsBecause of the pandemic, GGR fell 18 percent, total revenue coming in at .72 billion.The pandemic has additionally bedridden any sort of vigor Pennsylvania casino operators had for their so-called mini casinos. The satellite gaming venues, authorized under the state’s 2017 expanded gaming act, were never real popular with the state’s full-scale Category 4 commercial casino operators.Nonetheless, four companies — Penn National Gaming, Stadium Casino, Mount Airy, and Parx — made successful bids to acquire satellite casino permits. 26, group visas will also be issued again, but parties from regions deemed medium to high-risk for COVID-19 will be denied.News of wider-ranging IVS resumption comes less than two weeks after the Macau Inspection and Coordination Bureau (DICJ) said July gross gaming revenue (GGR) slid 94.5 percent, extending a streak of monthly declines in excess of 90 percent.Pent Up DemandWith IVS policy loosening up, concessionaires’ theory that there’s pent-up demand will be tested. boomtown casino directions peppermill casino couponsfree online poker machine games no downloadsMelco Resorts & Entertainment (NASDAQ:MLCO) is higher by four percent on volume that’s already more than double the daily average.It’s a Big DealIVS access for residents of Guangdong, the mainland province closest to Macau and home to approximately 113 mil9 casino road marinolion citizens, is vital for the gaming hub’s rebound aspirations.Last year, nearly half of all visitors to the casino center arrived from Guangdong, and of those, 72 percent did so on IVS permits. Construction was underway on both facilities.Because of the pandemic, GGR fell 18 percent, total revenue coming in at .72 billion.The pandemic has additionally bedridden any sort of vigor Pennsylvania casino operators had for their so-called mini casinos. coushatta casino weatherOther mainland China regions join the party on Sept. a city in the province, said it would start issuing tourist visas again. The news is also a pleasant surprise because some gaming executives recently speculated that the earliest Beijing would greenlight new IVS issuance would be September.There’s no denying investors like today’s news. slotocash slots caesar casino slotharrah s cherokee casino to gatlinburgBut it was expected Beijing would lift that freeze early this year. 26. The stocks surged with news that Guangdong province will again issue i9 casino road marinondividual visit scheme (IVS) travel permits on Aug. “Now, the only meaningful ‘unknown’ is timing of the Hong Kong SAR border/quarantine easing, as demand from Hong Kong probably comprised ~10% of pre-COVID GGR, per our rough estimates.”Prior to today’s IVS announcement, JPMorgan forecast August and September GGR declines in Macau of 85 percent and 70 percent, respectively. Most of those workers were furloughed during the closure of their workplaces. Other mainland China regions join the party on Sept. ruby slots casinos island resort and casino golf tournament |