2024.07.17
hard rock casino hollywood(Image: CNBC)Macau officials announced that travelers arriving from Guangdong — the mainland province closest to the casino hub — will be required to present a negative COVID-19 nucleic acid test that’s seven days old or less.That’s down from the prior requirement of a test that’s 48 hours old. But more significant travel impediment removals are not likely until next year.”Should that scenario play out, it’d be a boon for the likes of Sands and Wynn, which derive anywhere from two-thirds up to 80 percent of earnings before inBut more significant travel impediment removals are not likely until next year.”Should that scenario play out, it’d be a boon for the likes of Sands and Wynn, which derive anywhere from two-thirds up to 80 percent of earnings before infree casino slot games tarzanRecently, Macau casino stocks are soaring on the news of eased travel curbs. In midday trading, LVS and Wynn are both up more than five percent, while Menew cashman slotslco Resorts & Entertainment (NASDAQ:MLCO) is higher by more than 10 percent.Finally, Relief for Macau Casino StocksNews of looser travel rules couldn’t arrive at a better time for Macau concessionaires, many of which are among the worst-performing major gaming equities.Entering today, shares of LVS were off 33.34 percent year-to-date, and the operator of five Macau integrated resorts was one of just a handful of S&P 500 members that hadn’t posted positive returns since the March 23, 2020 market bottom. Visitors mull in front of Wynn Palace in Macau, above. santa ana casino gift shop poker casino maltacool cat casino free codesBut the opposite is proving true. While that order took effect last week, its enforcement did not start until this week.Masks Also RequiredThe upcoming vaccine mandate isn’t the only step BC health officials have taken to staunch the spread of the virus. Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the Macau operators seeing previously moribund shares surge Tuesday. clearwater casino rv park22, Macau GGR surged 55 percent from the previous week, according to research firm Bernstein.Maybe Brighter Days AheadWhen the coronavirus pandemic initially emerged last year, analysts speculated that Macau operators would rebound more rapidly than US-centric rivals. But the opposite is proving true. Visitors mull in front of Wynn Palace in Macau, above. where is the nearest casino from here morongo casino new yearsfree slot games no download no registration 3dWhile that order took effect last week, its enforcement did not start until this week.Masks Also RequiredThe upcoming vaccine mandate isn’t the only step BC health officials have taken to staunch the spread of the virus. But the opposite is proving true. While that order took effect last week, its enforcement did not start until this week.Masks Also RequiredThe upcoming vaccine mandate isn’t the only step BC health officials have taken to staunch the spread of the virus. For the week of Aug. 16-Aug. Shares of Wynn, which controls Wynn Macau and Wynn Palace, were lower by 17.64 percent this year prior to today.Those moves come less than a week after Macau casino stocks slumped to five-year lows, as analysts fretted that a recent uptick in COVID-19 cases on mainland China would stymie August visitation to the SAR.However, declining case counts and a brighter outlook for travel rules are having palpable impacts on weekly gross gaming revenue (GGR) data, and that’s a positive for operators. little river casino employee portal foxwoods online video poker |