2024.07.17
the hard rock casino in tampaWall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. He rates both of those stocks “neutral.”Las Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. hard rock hotel casino lake tahoe pet policyLas Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. He rates both of those stocks “neutral.”Las Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. mountaineer casino twitter wild tornado casino no deposit bonusfree slots extra chilliAnalysts are forecasting total adjusted earnings before interest, tadoubledown casino home facebookxes, 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. Analysts are forecasting total adjusted earnings before interest, tadoubledown casino home facebookxes, 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. ogram offered by a commercial operator in the top six and ranks well ahead of Boyd Gaming’s B Connected and MGM Resorts’ M life Rewards, which are ninth and tenth, respectively.book of ra 6 online casino echtgeld(Image: Roadracing World)The Golden Week holiday, which concluded on Oct. Analysts are forecasting total adjusted earnings before interest, tadoubledown casino home facebookxes, 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. 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. chumba casino owner new brian christopher slots on youtubejackson rancheria casino age limitThe 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. (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. He rates both of those stocks “neutral.”JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. He rates both of those stocks “neutral.”palace station casino and hotel paragon casino buffet number |