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2024.07.18
downstream casino insideLas Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. That 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. The event is out this year because of COVID-19. peppermill casino sceneWall Street is calling for a loss of 67 cents a share on revenue of 4.34 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 nuWall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. sycuan casino ufc fight free casino slot machine playdirections to sunset station casino(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. The 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: 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. online slots for real money in new yorkJPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. That’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. That 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. mr cashman casino las vegas sycuan casino winnersruby riches slotsLas Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. The Sands Macau seen here. The event is out this year because of COVID-19. 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. Wall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. The reality is that the current quarter revenue and visitation numbers will exceed the low bar set during the first nine months of this year. guns n roses hard rock casino 2012 setlist slot plus casino no code deposit |