2024.07.17
sycuan casino and resort hotelLas Vegas Sands (NYSE:LVS) remains beholden to a sluggish Macau recovery ahead of its third-quarter earnings report. Analysts are forecasting total adjusted earnings before interest, taonline gambling platformsxes, depreciation and amortization (EBITDA) loss of 7 million, with a loss of 1.3 million sourced from Macau.Evolving Views on Macau RecoveryWhen the coronavirus pandemic initially burst onto the scene earlier this year, forcing a 15-day closure of Macau gaming properties in February, the pervasive view was that concessionaires there would struggle for the bulk of 2020. (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. chukchansi casino lemoore caWall Street is calling for a loss of 67 cents a share on revenue of 4.34 million. However, that was based on the notion the special administrative region’s (SAR) gaming-heavy economy would materially spring to life in the current quarter. That’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. thunder valley casino net worth sunset station casino and hoteldrake casino bonus ohne einzahlungThat’s with a possible fourth-quarter recovery setting the stage for a deeper recovery in 2021.The forecast, however, was speculation. It delivers results for the September quarter today after the close of US markets. However, that was based on the notion the special administrative region’s (SAR) gaming-heavy economy would materially spring to life in the current quarter. aliante casino floor plan(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. LVS owns the Palazzo and Venetian in Las Vegas.Bain said Sands will likely be “traonline gambling platformsnsparent” regarding Sin City woes. However, the world’s largest casino center remains hamstrung by slow tourist visa approval times, among other issues.LVS is the largest Macau operator. lucky creek casino promo code harrah s casino san diegolittle river casino human resourcesScenes from the 2017 Macau Motorcycle Grand Prix. 8, was sluggish compared to prior years. It reflects the IVS resumption for non-Guangdong residents (which kicked-in in earnest after Golden Week given lead-time,” note the bank’s analysts.During the earlier sonline gambling platformstages of the coronavirus pandemic, analysts widely forecast a recovery for Macau concessionaires, one supported by pent-up demand, in 2021. The Sands Macau seen here. JPMorgan analysts estimate gross gaming revenue (GGR) in Macau averaged .8 million on a daily basis through the first 18 days of October. But average daily GGR for that period was .1 million. coushatta casino resort free slot games for kindle fire |