viejas casino news todayIndustry 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.4 percent.”Gaming properties on the peninsula have been slowly reopening since Feb.island view casino buffet couponsr-Term OutlookConsensus is building among analysts that Macau operators’ financial updates for the first and second quarters will almost be rendered moot because there will be little in the way of earnings to highlight.The aforementioned group includes some of the region’s biggest carriers.r-Term OutlookConsensus is building among analysts that Macau operators’ financial updates for the first and second quarters will almost be rendered moot because there will be little in the way of earnings to highlight.cache creek casino location

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j hallmarkJPMorgan said first- and second-quarter earnings reports from Macau operators “will be of little importance, given the virtual lack of earnings” and that a recovery there may not materialize in earnest until the last three months of this year.In another blow to Macau’s recovery efforts, 24 airlines are canceling March flights in and out of the peninsula.The White House and Google cancelled conferences slated to take place in Sin City in March.cache creek casino youtubecom)On Friday, Trump Administration officials said the Association of Southeast Asian Nations, or ASEAN summit, scheduled for Mach 14 in Las Vegas, has been scrapped because of the COVID-19 outbreak and related travel restrictions.Weak BackdropThe flight cancellations come at a perilous time for the gaming-dependent Macau economy.We assume GGR to drop about 55 percent in the first quarter,” said JPMorgan analysts in a note out earlier this week.roulette casino watch

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soaring eagle casino rv parkPotentially dragging on Macau’s recovery efforts are the Chinese cities affected by the temporary flight bans, a group that includes major metropolitan areas such as Beijing, Shanghai, and Shenzhen.Last year, Macau’s economy decreased by 4.Due to the COVID-19 epidemic, analysts are estimating sliding GGR figures as far out as the third quarter, though those declines are expected to be less severe than drops experienced in the first six months of 2020.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.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.Las Vegas, one of the largest convention destinations in the US, is feeling some effects from the spread of the novel coronavirus.santa ana casino hr