boulder station casino reservations(Image: CNBC)Through October, gross gaming revenue (GGR) in the Chinese Special Administrative Region is down 1.8 percent. Billionaire Melco Resorts CEO Lawrence Ho says the ongoing trade war between China and the US is most responsible for what he calls a “down year” in the casino enclave. “Cities that are less-visited. angel of the winds casino covidThe opening on the Hong Kong-Zhuhai-Macau bridge makes the casino hub more accessible for non-VIPs.Ho says the influx has allowed his Melco Resorts to actually increase its bottom line despite reduced casino win.On the higher end of the business, the spend-per-visit is a little bit lower,” Ho revealed. “Cities that are less-visited. “But I think for most operators, and especially Melco, our bottom line has been very strong. golden nugget casino in biloxi

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is foxwoods losing money“Cities that are less-visited. Japan’s second-most-populated city is a major commercial hub in the Greater Tokyo Area. “But I think for most operators, and especially Melco, our bottom line has been very strong. mohegan sun casino new years eveOf course, everyone goes to Tokyo or Osaka. Ho said he’s in Japan almost weekly.Ho explained that unlike the frontrunners – Sands and MGM, who are respectively targeting Tokyo and Osaka – Melco is better-positioned to meet Japan’s goal of legalizing the properties.“We understand the Japanese government, part of their strategy for integrated resorts is to introduce people to regional Japanese cities,” Ho stated.  A JoltWhile there’s opposition to casino gaming in Yokohama, it’s easy to understand why politicians there want to bring an integrated resort to town, and those reasons extend beyond the aforementioned budget woes.The city is currently home to 3.72 million residents, but that figure is expected to peak this year and steadily decline in the years ahead, potentially straining the region’s ability to collect taxes.Additionally, local infrastructure is in dire need of updating, and those projects aren’t cheap. cache creek casino giveaways

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casino lake georgeIf that rate persists during the final two months, Macau’s six licensed casino operators will win around .1 billion in 2019.“We’re going to have a down year, for sure,” Ho told CNBC. That’s thanks to the … bridge and having the benefit of that for the full year.”Ho said he hopes media reports suggesting a first phase of a trade deal between China and the US will happen soon.“I think that’s going to give a lot of confidence to the traveling consumer, that there is an end to this thing. “But I think for most operators, and especially Melco, our bottom line has been very strong. That’s a 17 percent premium on the same ten months in 2018.Ho is the son of Macau “King of Gambling” Stanley Ho, whose SJM Holdings enjoyed a monopoly on gaming in the region for decades before the enclave was returned to Chinese control.Robust Bottom LineMacau casinos have given more attention to the mass market as visitation from the demographic increases. That’s thanks to the … bridge and having the benefit of that for the full year.”Ho said he hopes media reports suggesting a first phase of a trade deal between China and the US will happen soon.“I think that’s going to give a lot of confidence to the traveling consumer, that there is an end to this thing. I think these are all positive impacts for Macau,” the gaming tycoon added.Japan UpdateMelco Resorts owns three integrated resorts in Macau, another in the Philippines, and soon Cyprus. how to win on a slot machine tips