2024.07.18
foxwoods bingo tickets onlineWynn Macau, seen above, was one of the many venues there hampered by travel issues. f Station. (Image: NPR)Recent gross gaming revenue (GGR) data suggests that despite an increase in COVID-19 cases in the neighboring Guangdong province and the persistent lack of a travel bubble with Hong Kong, things are starting to trend the right way for Macau. wild horse pab casino foodMorgan Stanley says it’s likely Macau will extend all gaming But that process is being delayed because of the pandemic. Station’s Durango project site is five miles from the nearest current casino in operation. hard rock casino o free slots monline casino apk downloadOur primary focus right now has really been on Durango, which we think is a great development opportunity in the most underserved part of the Las Vegas Valley,” Frank Fertitta III said this week. Station and RRR dumped another 0 million into the just-off-the-Strip complex. Station’s Durango project site is five miles from the nearest current casino in operation. resorts casino yonkersStation Casinos dominates the local casino market in Southern Nevada. Led by a 46 percent slashing at Melco Resorts & Entertainment (NASDAQ:MLCO), Macau operators, on average, trimmed operating costs by 35 percent since the health crisis started.As such, Morgan Stanley forecasts the companies need GGR to return to just 80 percent of pre-pandemic levels to get earnings before interest, taxes, depreciation and amortization (EBITDA) back to 2019 highs.“We remain constructive in the hope of the border opening and eventual extension of licenses, both of which we expect in second-half 2021,” said the bank.Regulatory Clouds Need to PartIn an effort to improve consumer outcomes and reduce monopoly potential, Beijing is cracking down on Chinese internet companies, particularly those with heavy consumer-facing businesses.The result is a calamity for global investors as hundreds of billions of market value have been wiped off companies, such as Alibaba, Didi, Meituan, and Tencent. Station Casinos dominates the local casino market in Southern Nevada. cool cat casino no deposit coupons captain jack casino free spins 2021reno airport to nugget casinoWhile Macau concessionaires aren’t targets of the probe, Morgan Stanley points to something of a mixed near-term outlook as a result of that overhang.“We believe the recent launch of China’s ‘common prosperity’ plan is not supportive of gaming in Macau, butis the cliff castle casino open a hardened stance on gambling (especially overseas) is not new either,” said analysts at the bank.Prevailing wisdom is that Beijing isn’t looking to end land-based gaming in Macau, but rather to eradicate online gaming, which is forbidden in the world’s second-largest economy.Renewal OutlookAll six concessionaires are supposed to be up for license renewal in 2022. Our primary focus right now has really been on Durango, which we think is a great development opportunity in the most underserved part of the Las Vegas Valley,” Frank Fertitta III said this week. The ratings firm said the Palms disposal strengthens Station’s balance sheet, and allows it to focus on what it does best: cater to locals. Shares of Macau concessionaires continue sagging. Station and RRR dumped another 0 million into the just-off-the-Strip complex. Morgan Stanley says it’s likely Macau will extend all gaming borgata casino venue casino slot ev calculator |