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2024.07.17
mgm casino vegasIt’s the only gaming equity in the group.Waiting on LVS Stock to BenefitAmid the recent spike in 10-year yields, LVS isn’t proving too responsive, gaining just 1.65 percent over the past three months.That’s likely a symptom of a sluggish recovery in Macau – the company’s largest market. LVS’s Venetian Macau, seen above. The now 79-year-old has largely led a private life since, but the billionaire is seeking to unload some of his real estate assets.Wynn hasn’t been nearly as succeencore casino pointsThe Summerlin estate owned by Steve Wynn is seen with the Las Vegas Strip in the background. The now 79-year-old has largely led a private life since, but the billionaire is seeking to unload some of his real estate assets.Wynn hasn’t been nearly as succe(Image: Berkshire Hathaway HomeServices)The former Strip tycoon departed his namesake casino firm in 2018. pechanga casino motor coach seminole fl casinovalley forge casino online scheduleBut market observers and the operators themselves appear comfortable saying licenses will be renewed.The prevailing wisdom among many in the investment community is that Macau’s gaming industry, while the largest in the world, is of little consequence in the broader scheme of hostilities between the world’s two largest economies. The town currently has nine casinos operating.“One hundred percent, the market is large enough,” Allen said of building in NYC and North Jersey.As for now, there are no active campaigns to ask New Jerseyans again if they wish to allow casinos outside of Atlantic City.g exec said the large population in the metro area — approximately 20 million people, the largest in the US — would allow several resorts to be profitable.How many casinos do you have lined up here?” Allen asked while being interviewed by the AP in Atlantic City. twin river casino bettingThat makes it vulnerable to recent speculation that authorities there are looking to implement tighter controls over the casino industry.Shares of US-based Macau operators, including Sands, have also been hampered by speculation that those companies could be ensnared in the geopolitical tensions between the US and China. But market observers and the operators themselves appear comfortable saying licenses will be renewed.The prevailing wisdom among many in the investment community is that Macau’s gaming industry, while the largest in the world, is of little consequence in the broader scheme of hostilities between the world’s two largest economies. While off the high of 1.67 percent touched last week, ten-year Treasury yields are up 22.68 percent over the past three months. black bear casino news borgata casino my rewardslucky dragon net sign upSands China runs five integrated resorts in the world’s biggest gaming center. That’s prompting investors to consider assets that perform well against the backdrop of rising rates. (Image: Joe Cavaretta/AP)The gaming equity’s penchant for sturdiness as 10-year yields rise is worth remembering, because Bank of America strategists are forecasting a jump to two percent for those bond yields by the end of 2022. While off the high of 1.67 percent touched last week, ten-year Treasury yields are up 22.68 percent over the past three months. Steve Wynn hasn’t been involved in the US gaming industry for more than three years. The Summerlin estate owned by Steve Wynn is seen with the Las Vegas Strip in the background. firekeepers casino kansas online casino in michigan |