2024.07.19
pechanga casino ufcAs US/China relations become increasingly volatile, there’s speculation those operators are at risk of losing Macau permits. Analysts believe it’s likroulette casino probabilityely US operators will have licenses renewed there. As US/China relations become increasingly volatile, there’s speculation those operators are at risk of losing Macau permits. choctaw casino concerts durantThe initiative does not say where sports betting would be permitted. LVS generates more than 80 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from its Asia-Pacific operations, Macau and Singapore. Analysts believe it’s likroulette casino probabilityely US operators will have licenses renewed there. resorts casino new york city pechanga resort casino zoominfono deposit bonus casino pragmaticLocal law gives authorities some wiggle room in that they can renew current accords with gaming companies and revisit the license renewal issue in 2027.Bernstein says it’s probable Macau operators could see some regulations to deal with, and it’s unlikely the market will open to new competitors.“There are many levers at the government’s disposal — e.g., altering the gross gaming revenue (GGR) tax, imposing taxation on gaming profits, imposing taxation on dividends, mandating up-front fees,” according to the brokerage house.Sigh of ReliefFor investors, Bernstein’s commentary on the fate of US operators in Macau is likely a relief, because loss of exposure to that market would be highly damaging to the thesis on these names. (Image: Bloomberg)There are six concessionaires operating in the world’s largest gaming center, three of which are based in Nevada — Las Vegas Sands (NYSE:LVS), MGM Resorts International (NYSE:MGM), and Wynn Resorts (NASDAQ:WYNN). If a simple majority backs the ballot referendum, the Old Line State will join neighbors Pennsylvania, Delaware, West Virginia, and DC in permitting legal gambling on sports.Question 2 — the Sports Betting Expansion Measure — is vague at best. silver oak casino 100 free spinsLocal law gives authorities some wiggle room in that they can renew current accords with gaming companies and revisit the license renewal issue in 2027.Bernstein says it’s probable Macau operators could see some regulations to deal with, and it’s unlikely the market will open to new competitors.“There are many levers at the government’s disposal — e.g., altering the gross gaming revenue (GGR) tax, imposing taxation on gaming profits, imposing taxation on dividends, mandating up-front fees,” according to the brokerage house.Sigh of ReliefFor investors, Bernstein’s commentary on the fate of US operators in Macau is likely a relief, because loss of exposure to that market would be highly damaging to the thesis on these names. 3, Maryland voters will be asked if they want to legalize sports betting. LVS generates more than 80 percent of its earnings before interest, taxes, depreciation and amortization (EBITDA) from its Asia-Pacific operations, Macau and Singapore. free slot game 88 fortunes seven feathers casino roomsturtle lake casino king crab buffetLingering hostilities between the US and China, the world’s two largest economies, probably won’t result in American operators losing rights to run casinos in Macau, according to Bernstein analysts. Likewise, Wynn counts on Macau for two-thirds or more of EBITDA and revenue in typical quarters in standard operating climates.Fortunately, China isn’t displaying overt hostility to American companies doing business there. 3, Maryland voters will be asked if they want to legalize sports betting. The sportsbook and daily fantasy sports operator has donated 0,000 to the “Vote Yes on Question 2” campaign.The ballot referendum outcome is expected to be close. (Image: Las Vegas Review-Journal)Patrons entering the Wynn Resorts properties will now be scanned for metal objects. It’s not unreasonable to expect Beijing realizes it could do more harm than good to Macau if marquee brands such as Sands and Wynn are driven from the market.“Directly attacking US business (especially ones that have been solid partners to the Macau government) is not a very likely course of action,” notes Bernstein.casino roulette wheel pic mgm casino phone number |