Download Miami Club Casino  properties in Pennsylvania, Iowa, Kansas, Colorado, Mississippi, Louisiana, Maine, Michigan, New Mexico, Indiana, Massachusetts, Illinois, and Ohio. jamul casino san diego jobs The gaming industry, along with travel and hospitality industries, are campaigning to be included in any government bailout stemming from COVID-19. blackjack at casino tips Pechanga Casino Expedia Ruef “It appears increasingly likely that the federal government will step in to help the various sectors of the hospitality industry, as well as the airlines,” Mikael Ahlgren, director of Gaming Initiatives at Penn State University, recently told Casino. org. “The support is likely to come in various forms, including direct payments, as well as various loan programs. ” Macau’s road back to gross gaming revenue (GGR) normalcy in the wake of the coronavirus pandemic won’t be realized this month. red stag casino instant coupon 2019 Some analysts expect GGR there is tracking as much as 80 percent off year-earlier levels. free slots quick hit cash wheel

Macau gaming revenue fell as much as 80 percent in the first half of March, according to JPMorgan Securities. (Image: CNBC)Through the first half of March, concessionaires in the world’s largest gaming center likely generated a combined 6. 2 million in turnover, down 75 percent to 80 percent on a year-over-year basis, according to JPMorgan Securities. While this is slightly better than the circa MOP170 million/day (. bicycle casino world series of poker gold coast casino dinner and show 25 million) in the previous week, we think week-on-week trend is almost meaningless at this point, as it is will continue to be extremely volatile, driven by a smalsycuan casino el cajon californial group of players,” said the research firm in a Monday note to clients. free 888 slot machines games sycuan casino open JPMorgan’s estimate jibes with one released earlier this month by brokerage house Bernstein, which said Macau’s GGR likely slid almost 80 percent year-over-year through the first eight days of March. Those dour forecasts come after gaming turnover in the Special Administrative Region (SAR) plunged by a record 88 percent in February following a 15-day gaming property closure because of the COVID-19 outbreak.

Key Insights and Expert Analysis

Waiting For Green ShootsAs gaming hubs around the world grapple with the coronavirus, investors and operators are desperate for positive vibes, and Macau may be inching to closer compared to other regions due in part some strength among high-end players. “VIP seems to be faring better (down 70 percent to 75 percent year-on-year) than mass (down 80 percent to 85 percent), which is also within expectations and not very telling,” according to JPMorgan. large casino poker table 15 no deposit bonus casino max Market observers believe the key to the peninsula’s return to business as usual lies with China, Hong Kong, Taiwan, and some other nations relaxing travel restrictions to the gaming center. jamul casino table games Last year, 91 percent of the visitors to Macau hailed from mainland China and Hong Kong. If Beijing gives the go-ahead for travelers from Guangdong, the closest province to Macau and China’s wealthiest, to return to the SAR, that could be a significant near-term boon for gaming revenue there. is the black bear casino buffet open Navigate To Wild Horse Pab Casino Ftke Positive SignsEarlier this month, China’s State Councisycuan casino el cajon californial approved the extension of Macau’s jurisdiction to Hengqin Port, a move that could aid in increasing visits from Guangdong. That extension goes into effect midnight Wednesday. caesar casino on facebook

But the Guangdong and Macau governments must make a decision on when the new checkpoint will officially open. blackjack online paypal As for forecasts on Macau-related equities, essentially none of which have been positive this year, JPMorgan sees some utility in bad news being largely baked into these names. f jumpman casino Casino 2000 Slot Machine Free Glaw “While we embrace near-term concerns on horrid GGR trends and sell-side earnings cuts, we believe most of the cuts will be done by next month (post-March GGR, plus possible resumption of Macau IVS), after which we expect these stocks to grind higher on ‘less bad’ trends and normalizing multiples,” said analysts at the bank. four winds casino hartford Draftkings Casino Twitter Zfby Netherlands Colorado casinos are following a state-issued order aimed at stemming the spread of the coronavirus, with operators announcing a series of temporary closures