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2024.07.18
poker casino jeuxJPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. However, recovery timelines are being pushed out as far as 2022 amid weakness in the VIP segment and Beijing’s heavy-handed approach to cross-border money flows.“We believe some of these issues may depress Macau stock multiples until there is higher visibility,” said Bain.The analyst adds that visitation pickup may not be as “acute” as some previously hoped, and that day trips to the gaming hub, previously an integral driver of tourist volume, will “take some time to return to normalcy.”Talking Las VegasIn its home market of Las Vegas, LVS previously acknowledged struggles with executives offering candid commentary about the state of the largest domestic gaming market following the operator’s second-quarter earnings report. The event is out this year because of COVID-19. ga online gamblingIt reflects the IVS resumption for non-Guangdong residents (which kicked-in in earnest after Golden Week given lead-time,” note the bank’s analysts.During the earlier sdoubledown casino home facebooktages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021. If that doesn’t happen, the rebound time line gets pushed out to 2022.Travel Woes LingerHindering concessionaires’ ability to shake off the effects of the pandemic are still-slack visitation nuThe reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. black lotus casino free codes casino near me hard rockpai poker casino gameLas Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. (Image: CNBC)In a note to clients Wednesday, Roth Capital analyst David Bain reiterates a “neutral” rating and price target on Sands, saying the company is likely to emphasize long-term conviction on the Asia-Pacific region (Macau and Singapore) despite limited near-term visibility.While the structural visitation impediments should diminish within the next few months, a catalyst for Macau visitation/earnings, we believe it is already captured in consensus estimates,” said the analyst.Traffic to the special administrative region (SAR) is trending higher this month. That’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. the best free slot gamesThe event is out this year because of COVID-19. The Sands Macau seen here. Wall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. cache creek casino golf course restaurant gold coast casino dancingfirekeepers casino foodBut average daily GGR for that period was .1 million. Las Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. The reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. (Image: Roadracing World)The Golden Week holiday, which concluded on Oct. The Sands Macau seen here. The event is out this year because of COVID-19. free online slots ladbrokes rey8 casino no deposit bonus |