2024.07.18
gold coast casino hotel reviewsThat’s a far cry from pre-coronavirus pandemic levels, but still a marked improvement over September’s tally. That’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. 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 nudesert diamond casino nogalesThe analyst notes that while a COVID-19 vaccine would be a broader market positive, consumer skepticism means it could be at least six months before a virus treatment positively affects the Las Vegas convention business.Just six percent of the analyst’s LVS price target is derived from Las Vegas, with the rest attributable to Macau and Singapore.Bain is similarly lukewarm on Sands rivals MGM Resorts International (NYSE: MGM) and Wynn Resorts (NASDAQ:WYNN), another Macau-centric name. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traonline gambling platformsnsparent” regarding Sin City woes. The Sands Macau seen here. slot cash casino firekeepers casino earth wind and firecasino near me with hotelThe Sands Macau seen here. 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. However, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. mountaineer casino directionsThat is prompting at least one analyst to take a tepid view of the stock. The Sands Macau seen here. The analyst notes that while a COVID-19 vaccine would be a broader market positive, consumer skepticism means it could be at least six months before a virus treatment positively affects the Las Vegas convention business.Just six percent of the analyst’s LVS price target is derived from Las Vegas, with the rest attributable to Macau and Singapore.Bain is similarly lukewarm on Sands rivals MGM Resorts International (NYSE: MGM) and Wynn Resorts (NASDAQ:WYNN), another Macau-centric name. club player online casino no deposit bonus code m.drake casinophone number for four winds 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. 8, was sluggish compared to prior years. But average daily GGR for that period was .1 million. (Image: Roadracing World)The Golden Week holiday, which concluded on Oct. 8, was sluggish compared to prior years. 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. twin river casino valet parking boulder station casino careers |