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cliff castle casino fireworksJB Pritzker (D) signed legislation last year that authorized five regional commercial casinos in the Chicago suburbs, plus a larger IR complex downtown.A feasibility study of the tax structure on the downtown casino resort concluded that the fees were too exorbitant to make the license an attractive investment opportunity. Millennium Park’s Cloud Gate, or “The Bean” to locals, is a major tourism draw for Chicago, and the Windy City is betting on a casino resort to bring additional visitors to the shores of Lake Michigan. Those well-heeled gamblers could be waiting for the arrival of Golden Week in early October or waiting out increasing geopolitical friction between the US and China. morongo casino in cabazon(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 percent to 75 percent from a previous call of a drop of 60 percent to 70 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. JB Pritzker (D) signed legislation last year that authorized five regional commercial casinos in the Chicago suburbs, plus a larger IR complex downtown.A feasibility study of the tax structure on the downtown casino resort concluded that the fees were too exorbitant to make the license an attractive investment opportunity. free slot games download

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turtle lake casino pow wow(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. (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 percent to 75 percent from a previous call of a drop of 60 percent to 70 percent. Those well-heeled gamblers could be waiting for the arrival of Golden Week in early October or waiting out increasing geopolitical friction between the US and China. 2 up casino no deposit bonus codesIllinois Gov. The ConsensusMatrix forecast calls for a retrenchment of 73 percent.The waiting game continues. 26. black bear casino near me

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online slots real money nzJB Pritzker (D) signed legislation last year that authorized five regional commercial casinos in the Chicago suburbs, plus a larger IR complex downtown.A feasibility study of the tax structure on the downtown casino resort concluded that the fees were too exorbitant to make the license an attractive investment opportunity. “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. Those well-heeled gamblers could be waiting for the arrival of Golden Week in early October or waiting out increasing geopolitical friction between the US and China. Pritzker then signed another bill that greatly reduced how much gaming revenue the city and state will receive from the resort.Now, Lightfoot is seeking input from casino companies as to what conditions will further increase their likelihood of preparing aharrah s casino gift shop bid.“This is the right time to begin having these discussions, as we continue to lay the foundation to make a strong recovery from the impacts of the COVID-19 pandemic,” Lightfoot said.Questions Arise Lightfoot’s RFI includes numerous inquiries. Those well-heeled gamblers could be waiting for the arrival of Golden Week in early October or waiting out increasing geopolitical friction between the US and China. Either 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). viejas casino news today

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