Twin River Casino Acquisition ics is a positive for operators there, with executives noting the region has been through experiences like COVID-19 in the past, and when things return to normal, there’s a voracious appetite for gambling. “Destination gaming markets outside of the US are also faring poorly, albeit with different near-term prospects than the Las Vegas Strip,” said the research firm. “Fitch expects Macau, China to recover faster than Las Vegas, due to closer proximity of Macau’s feeder markets. ”“The recovery trajectory for Macau is still opaque,” the ratings agency adds, because there’s still a travel ban in place with Hong Kong. But with the issuance of tourist visas across mainland China resuming next week, there is an avenue for augmenting some of the lost traffic from Hong Kong.

Online, Regional Where it’s at in USInvestors considering exposure to domestic gaming equities should consider those with online or regional exposure. casinos near lake tahoe vacation resort Some operators, including Boyd Gaming (NYSE: BYD) and Penn National Gaming (NASDAQ:PENN), check both boxes. firekeepers casino 400 results aliante casino phone number Revenue growth from iGaming and sports wagering, coupled with regional markets rebounding more rapidly than Sin City, bolsters the case for gaming assets that aren’t intimately correlated to Strip occupancy and traffic trends. Fitch sees Las Vegas trailing other markets in the gaming recovery. types of casino poker table games (Image: Fitch Ratings)“We expect the revenue generation of companies exposed to local markets and online channels to hit 2019 baseline lintertops casino no deposit codes 2020evels faster than those with high exposure to destination markets, or markets with a more cautious approach to re-opening and travel.

Key Insights and Expert Analysis

US regional operators, such as Penn National Gaming and Boyd Gaming, are already showing promising results,” said Fitch. The research firm adds companies that are highly focused on the destination/experiential element of Las Vegas are “at the mercy of long-distance travel trends normalizing. riverwind casino shows Morongo Casino Twitter Knno ” In Las Vegas, 548 Wynn Resorts employees have tested positive for COVID-19, with some 497 of those cases confirmed after Nevada reopened its casinos on June 4. firekeepers casino nibi Three staff members died from the virus, the company said in a statement. Black Hawk Casinos Kid Friendly Jeoi A Wynn spokesman told The Associated Press it was offering financial aid to the bereaved families. online slots real money ohio

Wynn Resorts has been randomly testing employees and guests who experience symptoms for COVID-19 since early May. (Image: Las Vegas Review-Journal)The disclosure is part of the Wynn Resort’s commitment to public transparency, which it says is part of its effort to keep workers and guests safe during the pandemic. Wynn’s Surveillance Testing Program randomly checks groups of up to 700 employees every two weeks, which helps to detect any workers who are infected but asymptomatic. seven feathers casino lodging It was launched on May 7. seminole casino rules roulette casino debin j casanova hair cream Ruby Club Slots Gift Code Pwmi Australia Downward Infectious RateState officials have recently come under fire for declining to publish data on the specific location of coronavirus flareups.

Governor Steve Sisolak (D) has talked about the need to pintertops casino no deposit codes 2020rotect the economy and has cautioned about the harm that could be done to businesses by naming and shaming. b h casino belgrade casino table games in miami Wynn has no such qualms. phone number for turtle creek casino in traverse city The company said it has conducted 15,051 tests since May, which translates to a positivity rate of 3. 6 percent at its two Las Vegas properties. That’s below the national average, it noted.

It also reported a downward trend in virus positivity rates, which is to be expected because Nevada’s infection rates have been falling since a mid-June peak. The recent round of testing, conducted on September 11, produced just one positive test out of 286 employees, Wynn said. viejas casino vs barona Just Six Guests Confirmed“The Company has 10 employees dedicated full-time to contact tracing for positive employee cases,” said Wynn in a statement. Firekeepers Casino Near Me Ewwv “The team interviews every infected employee and works with security to review all available surveillance coverage. ok google doubledown casino The Company’s contact tracing results reveal that 98 percent of