doubledown casino without facebookAnalysts aren’t expecting much improvement in March, with some forecasting a GGR drop of 80 percent.On Saturday, the February reading of China’s official Purchasing Managers’ Index (PMI) was revealed to be 35.(Image: CNBC)The Macau Gaming Inspection and Coordination Bureau (DICJ) released February data earlier today.bellagio casino floor plan”We assume GGR to drop about 55 percent in the first quarter,” said JPMorgan analysts in a note out earlier this weeWe assume GGR to drop about 55 percent in the first quarter,” said JPMorgan analysts in a note out earlier this weekansas star casino events 2019

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sycuan casino logoNearly all of Macau’s casinos have reopened, but it’s still not business as usual because of stringent safety precautions in the venues and light foot traffic.Twenty-four Asian airlines are canceling March flights to and from Macau because of the novel coronavirus, dealing a severe blow to an already fragile local economy that only recently reopened gaming properties following a 15-day closure.4, Macau Chief Executive Ho Iat Seng said the Special Administrative Region’s (SAR) gaming venues would be shuttered for 15 days following the tenth reported coronavirus case on the raging bull casino onlinepeninsula.casinohack.xyz big fish casino5 percent and two percent, respectively.Even before the PMI report, global banks were paring estimates for China’s first-quarter GDP, with Goldman Sachs and Nomura recently trimming forecasts to 2.Improvement Could be Far OffDICJ’s February data release arrived just days after Macau International Airport confirmed that 24 airlines are scrapping March flights to and from the gaming hub.gold coast casino poker

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book of ra 6 online casinoThe first confirmed COVID-19 was reported in China in mid-January, and by later that month, authorities pressed gaming operators to cancel Chinese Lunar New Year Festivities.Even before the PMI report, global banks were paring estimates for China’s first-quarter GDP, with Goldman Sachs and Nomura recently trimming forecasts to 2.Analysts aren’t expecting much improvement in March, with some forecasting a GGR drop of 80 percent.Industry observers believe the final three months of 2020 will bring an increase in gaming revenue, but not nearly enough to offset the drops endured by Macau operators through the first three quarters.The respiratory illness has claimed 2,900 lives, most of which have been in China, while the number of global cases has swelled to 85,000.News of the March flight cancellations comes as Macau is already grappling with strict travel and visa controls that are sapping gross gaming revenue (GGR) in the wake of the COVID-19 outbreak.chinook winds casino open today