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2024.07.19
w casino slotWhile a 94.5% drop in GGR might normally cause a panic reaction, we would expect to witness a relative no reaction to the August Macau GGR results,” said the Stifel analyst in a note to clients today. The ConsensusMatrix forecast calls for a retrenchment of 73 percent.The waiting game continues. Those well-heeled gamblers could be waiting for the arrival of Golden Week in early October or waiting out increasing geoppechanga casino news todayolitical friction between the US and China. o.h. hollywood casino(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 pechanga casino news todaypercent to 75 percent from a previous call of a drop of 60 percent to 70 percent. d play in the summer at venues with no fans.Betting on Las VegasSports broadcasting giant ESPN also is expanding in an effort to tap into the sports betting market. Sports betting legislation is pending in seven states, according to the American Gaming Association.soaring eagle casino hotel wild casino apptwin river casino online(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. 8, the Daily Wager sports betting program will originate from the LINQ studio on the Las Vegas Strip. It will air on ESPN2 at 6 p.m. mgm casino bus tripsWhile a 94.5% drop in GGR might normally cause a panic reaction, we would expect to witness a relative no reaction to the August Macau GGR results,” said the Stifel analyst in a note to clients today. While a 94.5% drop in GGR might normally cause a panic reaction, we would expect to witness a relative no reaction to the August Macau GGR results,” said the Stifel analyst in a note to clients today. (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. aliante casino las vegas entertainment sunset station hotel casino expediawild casino appBut with approval times taking a week or longer, it was widely expected that good news wouldn’t have any impact on August GGR figures.Nearing the Bright Side With the freeze on individual visit scheme (IVS) visas lifted in Guangdong, and the rest of the mainland slated to follow suit on Sept. The ConsensusMatrix forecast calls for a retrenchment of 73 percent.The waiting game continues. 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). Those well-heeled gamblers could be waiting for the arrival of Golden Week in early October or waiting out increasing geoppechanga casino news todayolitical friction between the US and China. It will air on ESPN2 at 6 p.m. An analyst says that’s the preferred Macau stock to consider. coushatta casino 20 miles harrah s casino ac |