2024.07.20
harrah s casino tahoeLas Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the Macau operators seeing previously moribund shares surge Tuesday. But the opposite is proving true. From a gaming perspective, New York only has one casino – Resorts World New York City at Aqueduct Racetrack in Queens.Earlier this month, New Orleans Mayor LaToya Cantrell required people going to indoor venues – including Harrah’s New Orleans – to either produce a record of their vaccination or a recent negative test. free casino money no deposit requiredIn 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. 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. Las Vegas Sands (NYSE:LVS) and Wynn Resorts (NASDAQ:WYNN) are among the Macau operators seeing previously moribund shares surge Tuesday. chumba casino arizona wynn las vegas casino hoursfirekeepers casino spaBut the opposite is proving true. From a gaming perspective, New York only has one casino – Resorts World New York City at Aqueduct Racetrack in Queens.Earlier this month, New Orleans Mayor LaToya Cantrell required people going to indoor venues – including Harrah’s New Orleans – to either produce a record of their vaccination or a recent negative test. While the pace of recovery in the world’s dominant casino center is confounding executives and investors alike, Macau gaming equities could seenew cashman slots brighter days over the near term if authorities further loosen travel controls.We expect the situation to Macau to start getting back to April/May levels in October,” said Bernstein analysts. slotxo casinoVisitors mull in front of Wynn Palace in Macau, above. 22, 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 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 indoes wild horse pab casino have bingo boulder station hotel and casino reviewshard rock casino valet16-Aug. On Tuesday, they announced a mandatory mask mandate would be in effect starting on Wednesday.While the mask order did not specifically list casinos like the vaccine order, the venues are essentially covered, as the province said people 12 and older must wear masks in any indoor setting regardless of their vaccinatnew cashman slotsion status.Several casinos in the province, including the River Rock Casino Resort, the Grand Villa Casino, and Cascades Casino Kamloops, were already posting on their websites that masks were required for entry.For the week of Aug. 16-Aug. Recently, Macau casino stocks are soaring on the news of eased travel curbs. (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. black bear casino pet friendly island resort and casino time |