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5 million — a loss of . 8 million. “June was the last full month of casino closures, and the figures reflect the historic business disruption across the region and beyond,” Casino Control Commission Chairman James Plousis said of the June revenue data. no deposit bonus casino on registration peppermill casino slot machines Wynn Resorts (NASDAQ:WYNN) is primed to benefit as Macau’s gaming sector rebounds, particularly given the increased likelihood that the recovery will be hastened by higher-end gamblers, notes an analyst. harrah s cherokee casino rules Wynn Palace, seen here, operator is poised to lead a recovery in Macau equities, says Union Gaming analyst John DeCree. casino y online (Image: CNBC)Shares of the Wynn Macau and the Wynn Palace operator are gold coast casino accomtrading lower Tuesday. But the stock surged nearly 10 percent on heavy volume Monday on news that Guangdong province is ending its quarantine protocol applicable to travelers arriving from Macau. The Guangdong healthcare seclusion policy ends on Wednesday morning.
Key Insights and Expert Analysis
In a note to clients today, Union Gaming analyst John DeCree raised his rating on Wynn to “buy” from “hold,” while noting the Encore operator is positioned to lead a recovery in Macau gaming equities. online casino real money no deposit australia Slots Casino Free Slot Games Keno Caveman Bnyb We expect the initial recovery will be in the premium mass and VIP segments, and anticipate a flight to asset quality for both investors and consumers,” said DeCree. “As we have seen so often in the past, we expect the shares of Wynn Resorts/Macau to lead the initial recovery in the Macau names. online blackjack hack ”Wynn is one of the Macau operators more levered to VIP trends, whereas rival Las Vegas Sands (NYSE:LVS) is more dependent on the mass and premium mass market demographics. is harrah s casino in lake tahoe open More Work to Be DoneGuangdong relaxing its travel controls with Macau is undoubtedly a step in the right direction for concessionaires because the province is the largest feeder market for the gaming hub. But there’s still work to be done. no deposit bonus casino malaysia For example, some analysts estimate it will be February 2021 before the gaming center’s visitation numbers show year-over-year growth. That’s because travel restrictions with Hong Kong remain in place and there’s still no sign that Beijing is prepared to lift the freeze on individual visit sgold coast casino accomcheme (IVS) visa issuance.
“While alleviating border restrictions in Guangdong is a solid first step, we’ll look forward to more good news, hopefully later this summer, on reinstating IVS and green health code reciprocity with Hong Kong,” said DeCree. seminole casino accident Recently, plans for a travel bubble between Guangdong, Hong Kong, and Macau fell apart because of a resurgence of coronavirus cases in Hong Kong. After mainland China, Hong Kong accounts for the next- largest amounts of annual visits to the casino center. Optimistic AnalystsShares of Wynn more than doubled off the March lows. cashman casino product madneb betrivers casino app michigan But the stock is down 9. black bear casino gabriel iglesias 44 percent over the past month, as market participants fret that a spike in COVID-19 cases in the US will keep gamblers and tourists away from the operators two Las Vegas Venues — Wynn and Encore. The operator’s other Call Harrah S Casino Cherokee North Carolina Jhch


