Thunder Valley Casino Mattreb na Morning Post)Buoyed by mass market players and VIPs, GGR in the world’s largest casino center was probably around million through the first seven days of this month, according to research firm Bernstein. brian christopher slots winstar casino On a month-to-date basis, average daily revenue is lower by 89 percent compared to September 2019. While the ninth month of the year is still in its early innings, Bernstein is forecasting a revenue decline in the mid-80’s percent range. That sounds bad, and it is. drake casino no deposit promo codes hallmark casino 365 But if that’s the result, it will be better than the 94. 5 percent slide in August, which was the fifth straight month of drops of 90 percent or more. August was also the eleventh consecutive month in which Macau GGR retreated year-over-year. In recent days, analysts are estimating that September won’t bring an epic rebound for concessionaires on the peninsula. casino royale But added incremental improvements this month could set the stage for a more material resurgence in the fourth quarter. Looming CatalystsMacau’s recovery efforts are being stymied by bureaucratic delays, which is something that can be worked through as 2020 draws to a close.

Last month, the city of Zhuhai in Guangdong resumed issuing individual visit scheme (IVS) visas, followed by the rest of the province on Aug. casino near me hours 26. Those are positive steps. But analysts widely said it will take some time for those moves to directly benefit concessionaires’ top and bottom lines. black hawk casino facebook The hold-up revolves around processing times. There’s evidedraftkings casino hoursnce of the pent-up demand operators frequently discussed over the course of 2020. But Guangdong travelers are facing wait times of seven to 10 days to get their Macau visit permits approved. The province is the closest mainland region to the gaming hub and accounted for almost half the visits to the casino center last year. Assuming there’s not another widespread outbreak of coronavirus cases, the rest of mainland China is slated to resume issuing IVS permits on Sept. 23. island resort and casino oasis aliante casino cinema

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Allotting for cumbersome waiting periods, that move would start benefiting Macau operators in the fourth quarter. free online slots south africa What’s NextBernstein says concessionaires with a focus on the premium mass and VIP segments, which includes Melco Resorts & Entertainment and Wynn Resorts, should get some near-term tailwinds if traffic from those groups remains steady. However, the research firm adds there’s limited visibility as to when travel between Hong Kong and Macau will reopen. Hong Kong’s COVID-19 case count is declining, which is positive because that special administrative region (SAR) accounts for 10 percent of annual visits to Macau, according to Bernstein. The impact of IVS resumption will be soon be tested with the arrival of Golden Week on Oct. mgm casino promo codes Slot Machine Casino 88 Jzen 1. Consensus wisdom among analysts is that the festival will go a long way toward determining how strong Macau’s fourth-quarter recovery will be. With Golden Week less than a month away, Macau operators have an opportunity to speed along recovery. Seven Feathers Casino Oregon Izxd Anadraftkings casino hourslysts view the marquee holiday as perhaps the last best hope for concessionaires there to finish 2020 on a strong note. Macau casinos during Golden Week 2018.

The arrival of the holiday this year is pivotal to recovery hopes. top 5 online casino real money resorts casino food admiral 888 casino (Image: AFP)Gross gaming revenue (GGR) in the world’s largest casino center slid 94. Seneca Niagara Casino Phone Fcno 5 percent in August, marking the fifth straight month of declines of 90 percent or more. Data suggests recent relaxation of travel restrictions paid off a bit. The city of Zhuhai started reissuing tourist visas on Aug. hard rock hotel and casino in lake tahoe 12 followed by the rest of Guangdong province two weeks later. Hollywood Casino Sports Book Vtav That sparked a modest uptick in visits in last month, a trend analysts see continuing with the arrival of Golden Week. Analysts now are expecting the Golden Week holiday from Oct. ruby slots lobby 1 to Oct. 8 will encourage tourists to visit Asia’s mgm grand hotel y casino