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are casinos open in vegasHowever, that was based on the notion the special administrative region’s (SAR) gaming-heavy economy would materially spring to life in the current quarter. But average daily GGR for that period was .1 million. Wall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. free online poker machines australiaHowever, 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. 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 nuLas Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. quinnbet casino no deposit bonus free slot machines downloadsoaring eagle casino front deskThat is prompting at least one analyst to take a tepid view of the stock. That’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. Las Vegas Sands reports earnings today and one analyst isn’t excited about what the company is likely to say. slot machine casino centerpieces(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. 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 Sands Macau seen here. riverwind casino goldsby ok mgm springfield casino 24 hourspechanga casino ufc fightThat is prompting at least one analyst to take a tepid view of the stock. JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. Scenes from the 2017 Macau Motorcycle Grand Prix. (Image: Roadracing World)The Golden Week holiday, which concluded on Oct. It delivers results for the September quarter today after the close of US markets. 8, was sluggish compared to prior years. online casino w2 drake casino.com |