2024.07.17
riverwind casino oklahoma 9 norman okLas Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. 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. Scenes from the 2017 Macau Motorcycle Grand Prix. governor of poker 1 free onlineThe event is out this year because of COVID-19. That is prompting at least one analyst to take a tepid view of the stock. It delivers results for the September quarter today after the close of US markets. nearest genting casino online casino real money usa paypalencore casino covid vaccineThat figure declined to .1 million a day last week, according to JPMorgan.That is (obviously) weaker than Golden Week’s MOP0 million (US.1 million), but well above September’s MOP million. But average daily GGR for that period was .1 million. 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 nuruby slots 100 free chipWall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. (Image: Roadracing World)The Golden Week holiday, which concluded on Oct. The Sands Macau seen here. online casino best dr slot casino free spinsfree slot games to playAnalysts are forecasting total adjusted earnings before interest, taaliante casino table gamesxes, depreciation and amortization (EBITDA) loss of 7 million, with a loss of 1.3 million sourced from Macau.Evolving Views on Macau RecoveryWhen the coronavirus pandemic initially burst onto the scene earlier this year, forcing a 15-day closure of Macau gaming properties in February, the pervasive view was that concessionaires there would struggle for the bulk of 2020. It delivers results for the September quarter today after the close of US markets. Scenes from the 2017 Macau Motorcycle Grand Prix. (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. However, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. It delivers results for the September quarter today after the close of US markets. capacity of firekeepers casino mountaineer casino jackpot winners |