Borgata Online Casino Sign In  properties in Pennsylvania, Iowa, Kansas, Colorado, Mississippi, Louisiana, Maine, Michigan, New Mexico, Indiana, Massachusetts, Illinois, and Ohio. The gaming industry, along with travel and hospitality industries, are campaigning to be included in any government bailout stemming from COVID-19. cool cat casino bonus codes 2021 australia “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. downstream casino donation request ” Macau’s road back to gross gaming revenue (GGR) normalcy in the wake of the coronavirus pandemic won’t be realized this month. river spirit casino application Some analysts expect GGR there is tracking as much as 80 percent off year-earlier levels. paragon casino front desk

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. table games at lumiere casino 2 million in turnover, down 75 percent to 80 percent on a year-over-year basis, according to JPMorgan Securities. Slot Machine Casino Sydney Tngs While this is slightly better than the circa MOP170 million/day (. free slots queen of hearts fanduel casino unable to download game free casino slots buffalo 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 smalmountaineer casino non smokingl group of players,” said the research firm in a Monday note to clients. 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. Intertops Casino Red Tournaments Lxug 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. hollywood casino 400 results 2020 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. blackjack online ohne geld Last year, 91 percent of the visitors to Macau hailed from mainland China and Hong Kong. used casino roulette table 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. turtle lake casino open Positive SignsEarlier this month, China’s State Councimountaineer casino non smokingl approved the extension of Macau’s jurisdiction to Hengqin Port, a move that could aid in increasing visits from Guangdong. casino roulette live indyaxis.com borgata casino shows Choctaw Casino Vip Tuxz That extension goes into effect midnight Wednesday. is viejas casino smoke free lucky creek casino bonus codes 2021 Casino Zurich Poker Cash Game Rpwk Switzerland

But the Guangdong and Macau governments must make a decision on when the new checkpoint will officially open. 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. “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. 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