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encore casino age limit“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.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.Colorado is mandating a variety of businesses, including casinos, viejas casino drinkstemporarily close because of the coronavirus.turtle lake casino senior dayColorado is mandating a variety of businesses, including casinos, viejas casino drinkstemporarily close because of the coronavirus.Last year, 91 percent of the visitors to Macau hailed from mainland China and Hong Kong.“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.mgm casino events national harbor

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sycuan casino numberThose 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.Colorado casinos are following a state-issued order aimed at stemming the spread of the coronavirus, with operators announcing a series of temporary closures that commenced Tuesday morning.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.Positive SignsEarlier this month, China’s State Council approved the extension of Macau’s jurisdiction to Hengqin Port, a move that could aid in increasing visits from Guangdong.But three of those are in states ordering temporary business suspensions – Colorado, Indiana, and Mississippi.“The public health order will help the state slow and limit the spread of COVID-19 in Colorado communities.real money zynga poker